Credit Union Times Magazine March-20, 2002

  • A British bank invites UK credit unions to lunch

    LONDON, U.K. - It's almost impossible to imagine. Could any U.S. credit union manager picture Chase Manhattan having a lunch and inviting 50 U.S. credit unions to attend the launch of a new pilot program for the introduction of an accounting system? Or anything else for that matter that would...

  • ACB gets the big names too

    WASHINGTON - Anyone attending CUNA's recent GAC had to be impressed by the slate of political speakers, but CUNA isn't the only financial trade that gets the big names. At America's Community Bankers GAC (March 11-14) a number of political figures showed up. Here are a few.

  • Baca urges LaFalce to adopt Sherman amendment on alternative capital; NAFCU changes its position

    WASHINGTON - California Congressman Joe Baca (D) has thrown his support behind allowing federally-insured credit unions to count alternative capital toward their net worth calculation. In a letter he sent to Rep. John LaFalce (D-N.Y.), a ranking member of the House Financial Services Committee, Baca stated his support for Sherman's...

  • Banker gives CUs backhanded compliment on CU political power; hopes bankers can duplicate CU efforts

    LAS VEGAS-It isn't everyday credit unions hear compliments coming from the mouth of a banker. But that was exactly what American Bankers Association (ABA) President James E. Smith did when he commented that credit unions' lobbying efforts in Washington were superior to the banks during a speech given at the...

  • Bianchini questions context of Kanjorski remarks about dual-chartering system

    OKLAHOMA CITY - Oklahoma Credit Union League President/CEO Bob Bianchini has no doubt about Rep. Paul Kanjorski's (D-Pa.) support of credit unions, but his ears perked up during CUNA's GAC when he heard comments the congressman make on the regulatory relief hearing and on preserving parity in the dual chartering...

  • Black Hills FCU takes Polar Plunge for Special Olympics

    RAPID CITY, S.D. - Sub-zero weather and freezing temperatures couldn't stop Black Hills Federal Credit Union staffers from raising money for the Special Olympics. Tellers Dominica Magee and Jodi Rounce volunteered to take the Polar Plunge and jump into the icy waters of the half frozen Memorial Lake in just...

  • CUNA, ACCU support Matz, Johnson

    WASHINGTON - The Association of Corporate Credit Unions and CUNA wrote to Senator Paul Sarbanes (D-MD) supporting the nominations of JoAnn Johnson and Deborah Matz to the NCUA Board. Confirmation hearings are scheduled for March 14. "ACCU's leadership recently met with each of these nominees. During our meetings, it was...

  • CUs urged to examine mortgage service options

    SCOTTSDALE, Ariz. - The message was made clear to "complacent" credit union mortgage executives meeting here last week: start now to examine and perhaps upgrade your servicing policies and procedures or risk losing business to the large bank-owned mortgage service firms. That theme of "increased awareness" to make mortgage servicing...

  • Colorado State Financial Services Board adopts merger regulation

    DENVER - State-chartered credit unions in Colorado that want to merge now have a strict set of guidelines they have to follow for the Colorado State Financial Services Board to consider their application. Commissioner David Paul said "there needed to be standards so we can make statutory determinations on credit...

  • Corporate Network Brokerage Services' Investment Advisory Service is 10 years old

    OVERLAND PARK, Kan. - CNBS celebrated "10 Years of Excellence in Portfolio Management" at a reception at the Aladdin Hotel in Las Vegas on March 7. The reception, which marked CNBS' Investment Advisory Service's tenth anniversary, was held in conjunction with the firm's Institute Series. CNBS signed its first Investment...

  • Credit unions only one among many issues for community bankers this year

    WASHINGTON - Diane Casey, President of America's Community Bankers (ACB), sent the 165 bankers attending the ACB's annual Government Affairs Conference (taking place at press time) to lobby their Congressional delegations in support of five "high priority" issues but not, particularly, to attack credit unions. The five issues ACB considered...

  • D'Amato, Koch to keynote New York league GAC

    LATHAM, N.Y. - Former New York Senator Alfonse D'Amato and former New York City Mayor Ed Koch will be the keynote speakers at the New York State Credit Union League's annual Governmental Affairs Conference in Albany, May 20-21, at the Crowne Plaza hotel. D'Amato was a member of the U.S....

  • DP vendors admit they're behind in business account functionality, but CU demand forcing them to get up to speed quickly

    WEST PALM BEACH, Fla. - It's no secret that more and more credit unions are trying to attract business accounts, but many are finding that their core data processing systems aren't rigged to handle them. Business lending and the servicing of business accounts are on the minds and mouths of...

  • Dollar works new initiative at regional level

    ALEXANDRIA, Va.-In an effort to further NCUA's Access Across America initiative, NCUA Chairman Dennis Dollar is focusing on a regional and national approach for economic empowerment. Dollar held a meeting on March 13th with Pete Johnson, federal co-chairman of the Delta Regional Authority (DRA), a newly created federal-state partnership serving...

  • Florida Commerce CU donates $10,000 to Florida CUPAC

    TALLAHASSEE - Florida Commerce Credit Union, has contributed $10,000 to the Florida Credit Union Political Action Committee. FCCU's contribution is believed to be the largest corporate contribution given by a Florida credit union to CUPAC. FCCU Board Chairman JR Phelps personally delivered the check to the Florida Credit Union League....

  • H&R Block to provide tax services to credit union members

    KANSAS CITY, Mo. - H&R Block has partnered with credit unions throughout the country to make personal tax preparation services available to members at special prices. Block is tailoring tax preparation product offerings to suit the needs of a credit union's members. The individual relationships can include some or all...

  • House committee pushes bill to strengthen financial markets

    WASHINGTON - The House Financial Services Committee held a hearing last week to discuss a bill introduced by Committee Chairman Michael G. Oxley (R-Ohio) and Capital Markets Subcommittee Chairman Richard H. Baker (R-La.) to enhance investor confidence in the accounting profession and capital markets in response to the Enron collapse....

  • Irwin Mortgage partners with Standard Register FCU

    DAYTON, Ohio - Standard Register FCU is the latest credit union to partner with Irwin Mortgage for the company to provide home financing to the credit union's members and the community it serves. As part of the terms of Irwin Mortgage's Credit Union Program for Standard Register FCU, the company...

  • Jax Navy to become VyStar Credit Union

    JACKSONVILLE, Fla. - Jax Navy Credit Union is changing its name to VyStar Credit Union, effective April 29, 2002. On the heels of the $2.2 billion credit union converting from a federal to state charter, the new name change will coincide with its 50th Anniversary. "We have great respect for...

  • Johnson, Matz face tough questions at hearing

    WASHINGTON - NCUA Board nominees JoAnn Johnson and Deborah Matz have the support of the Senate Banking Committee Chairman Paul Sarbanes (D-MD), but nonetheless faced questions at their March 14 confirmation hearing about ongoing credit union tensions. Sarbanes raised the issue of the tension he described between some credit unions...

  • Johnson, Matz filling offices

    ALEXANDRIA, Va.-As NCUA's newest board members, Republican JoAnn Johnson and Democrat Deborah Matz, attended their second board meeting, Johnson is facing credit union issues with the help of at least one assistant, while Matz is still sifting through applications. Johnson has hired Julie Starnes as her executive assistant, but she...

  • Large credit unions paying more than large banks for ATM deployment; CU ATM deployment is steady

    BOSTON - ATMs are making a comeback-at least that is what a Dove Consulting 2002 ATM Deployer study finds. The survey, sponsored by the nation's four largest EFT networks STAR, PULSE, NYCE and CO-OP Network shows that the ATM industry is "returning to a state of equilibrium". "After the surcharge...

  • Large underserved area application was nothing to take lightly

    NCUA Board member JoAnn Johnson and NCUA Chairman Dennis Dollar may have shared some laughs prior to NCUA's March board meeting, but the meeting was all business. The board removed an agenda item for a large underserved area application prior to the meeting. See why on page 42.

  • Last successful state law banning ATM surcharges overturned

    DES MOINES, Iowa - It's official, U.S. District Court Judge Ronald Longstaff has overturned what was the last state ban on ATM surcharges. In a suit brought by Wells Fargo Bank, Firstar Bank, Metro-Bank, Bank of America and U.S. Bank the judge ruled that the Iowa law banning such ATM...

  • MBAA launches consumer education campaign

    WASHINGTON - The Mortgage Bankers Association of America kicked off "Stop Mortgage Fraud," a consumer education campaign last week designed to help consumers avoid becoming victims of predatory lending. The nationwide campaign is part of the MBAA's three-pronged approach to tackling the predatory lending problem. The other two components are...

  • NCUA call reports will include shorter form for smaller credit unions

    ALEXANDRIA, Va. - Credit unions with assets of less than $10 million will be given a shorter call report form they can use to file their first and third quarter call reports under the rule mandating that all credit unions file quarterly call reports. The NCUA Board announced the new...

  • Pivotal payday lending survey aims to identify reasons why consumers use payday loans

    WASHINGTON - While there's been much emphasis on the burgeoning payday lending business which rakes in an estimated $2.4 billion in annual revenue, not much data has been collected on why consumers turn to payday loans for their emergency financial needs. The Consumer Federation of America (CFA) and the National...

  • Progressive pulls the plug on its CU bond program; market continues to be dominated by CUNA Mutual

    MAYFIELD VILLAGE, Ohio - Insurer Progressive is phasing out its credit union bond program for good. In a market dominated by CUNA Mutual Group, which currently holds 95% of the market share, Progressive was one of the few insurers that provided surety bonds to credit unions. The Credit Union Insurance...

  • Rep. Sherman alternative capital initiative puts issue on House Financial Services Subcommittee's table

    WASHINGTON and RANCHO CUCAMONGA, Calif. - Alternative capital reform for federally-insured credit unions is not only still very much alive, it is hopefully something credit unions will see happen this year, if everything goes as planned by the California Credit Union League and CU trade associations. (see related story on...

  • Return of Member index shows gains in key ROM measurement categories

    WASHINGTON - Callahan & Associates released the 2002 edition of Credit Union Financial Yearbooks, and the return of member (ROM) data show strong gains in each of the three asset classes tracked - $50-$100 million, $100-$250 million, and over $250 million - for average share balance and amount of loans...

  • Small CUs missing boat on mortgages, ACUMA told

    SCOTTSDALE, Ariz. - Small credit unions are missing out on a productive revenue stream by steering clear of mortgages, opines the head of a Pennsylvania CU which has developed a 16-year-old CUSO-based mortgage business. Addressing the annual American Credit Union Mortgage Association Conference here, John Unangst, president and CEO of...

  • Suriname delegation learns about relationships between U.S. CUs and regulators

    WINSTON-SALEM, N.C. - The chances are most people in the U.S. have never heard of the republic of Suriname, formerly called Dutch Guiana. Located in northeastern South America, Suriname has a population of less than 500,000. It is also home to about two dozen credit unions that are facing the...

  • Survey finds terrorism makes consumers tighten their purse strings

    WASHINGTON-According to a study conducted by the Opinion Research Corporation International for the Consumer Federation of America and Bank of America, the terrorist attacks of September 11 made consumers think twice about where they put their money. The survey of more than 1,000 people took place February 14-17 and found...

  • The Golden 1 CU reports record growth

    SACRAMENTO, Calif. - The Golden 1 Credit Union has reported record growth in the Sacramento Valley with the opening of five new branches in Woodland, Yuba City, Placerville, West Roseville and El Dorado Hills. All five branches are scheduled to open in mid-2002. The Golden 1 CU has over $3.5...

  • Treasury hoping voluntary anti-predatory lending guidelines will do the trick

    WASHINGTON-During a recent speech to the Consumer Bankers of America (CBA), Treasury Deputy Assistant Secretary for Financial Institutions and GSE Policy J. Patrick Cave told the group that "hopefully a significant number of institutions" would agree to adopt a voluntary code of conduct to prevent predatory lending practices. The Treasury...

Letters to the editor

  • A bad move by NCUA

    A recent issue on NAFCU "Update" reported the NCUA Board's unanimous vote to maintain the federal credit usury ceiling at 18%. I have never seen a more spurious reasoning for a bad move. A provision citing a rising rate environment was quoted. Further proponents maintain an 18% rate promotes risk-based...

  • Credit unions' governance structure - a positive model?

    In light of the unfolding Enron, Global Crossing and Computer Associates debacles, it would appear that various aspects of credit unions' governance structure might provide a useful model for forging corporate governance reforms. This is not to say that in the case of "for profit" corporations such aspects can be...

  • Only FCUs affected by NCUA position on CUSO service loans

    I read with interest the article "CUSOs cannot service loans not originated by credit unions, NCUA says" which appeared on page 15 of your February 20 issue. I, along with others at NASCUS, very much appreciate NCUA Associate General Counsel Sheila Albin's work and legal opinions on behalf of credit...

  • Something to be said about the good old days

    Credit Union Times is an excellent publication, but some of the recent news articles make me think of all the changes that have taken place since those days long gone by when CUNA met in the spacious and drafty Dane County Fairgrounds building in Madison, Wisconsin. I only mention this...

  • Too much being made over "good funds" bill pay model

    I wanted to offer some comments specific to Bill Payment and the difference between "Good Funds" and "Risk Based" made in a recent article on the Digital Insight/VIFI merger, "Digital Insight to convert VIFI clients by July" (CU Times, Feb. 27). Frankly, a lot of hoopla has been made surrounding...

Tech Bytes

  • Access Across America gets new Web page at NCUA site

    ALEXANDRIA, Va.-In conjunction with its new Access Across America program, NCUA has updated its Web site (www.ncua.gov) to include a page for the program. The new page consists of several useful links for credit unions, consumers, and other interested parties. In addition to links to all the other federal financial...

  • BVS now lets CUs define their own online courses

    CEDAR RAPIDS, Iowa - Credit unions can develop their own Internet-based courses with a new program from BVS Performance Systems. BVS has introduced "Course Maker" and "Test Maker" facilities as additions to the knowledge management (KM) system it provides at www.creditunionlearning.com. The BVS Library already offers more than 100 courses...

  • CUDL releases upgrade of transaction information software

    RANCHO CUCAMONGA, Calif. - CU Direct Corp. released Workflow Manager 2.0 enhanced software that allows credit unions to better manage information they receive electronically about financing requests made by members from auto dealership sites through the Credit Union Direct Lending system. CUDL Workflow Manager 2.0 is an upgrade from an...

  • Carolina Collegiate FCU's site recognized

    COLUMBIA, S.C. - Carolina Collegiate Federal Credit Union's Web Site (www.carolina.org) has received the 2002-2003 Golden Web Award. The award was given by The International Association of Web Masters and Designers in recognition for an outstanding Web Site, with special attention to design, originality and content. The CU's site offers...

  • Corporate America CU purchases assets of EPL's item processing division

    IRONDALE, Ala. - Corporate America CU, the former Alabama Corporate, is purchasing the assets of EPL's item processing division. EPL is best known in the credit union industry for its core processing, but it also had a strong item processing business. The corporate says this deal will increase its share...

  • Former M ONE advisors create new Cornerstone

    SCOTTSDALE, Ariz. - Several veteran consultants in the credit union space have left M ONE Inc. and formed a new firm, Cornerstone Advisors Inc. Technology and strategic project planning will continue to be a mainstay for the group, and they also will continue on with CUES Tech Port, a subscription...

  • InetSolution launches single login product

    UTICA, Mich. - InetSolution, Inc., an Internet technology development company specializing in technical solutions for credit unions, recently released an enhanced version of its data security system, CU MemberProtect. It will now allow single login access to all of a credit union's online services and applications. The gaps between a...

  • Liberty Cavion partners with Vertical Innovation for portal/aggregation offering

    MOUNDS VIEW, Minn. and ENGLEWOOD, Colo. - Liberty Cavion has partnered with Vertical Innovation to offer members the company's portal solution that includes account aggregation. Vertical Innovation's portal product features uMonitor's aggregation product. The aggregation module is an optional component of the portal. This is one of a number of...

  • NACHA E-Check rules now in effect

    HERNDON, Va. - New NACHA Operating Rules, known as the Accounts Receivable (ARC) application, went into effect on March 15. The new rules allow checks delivered to remittance and lockbox locations to be converted into e-checks using ACH. "With billions of checks sent to accounts receivable locations every year, the...

  • Navy Federal site ranked 13th by Jupiter

    NEW YORK - Jupiter Media Metrix has ranked the $15.1 billion Navy FCU's Web site (www.navyfcu.org) 13th on a new index measuring U.S. financial institution sites. The index measures number of unique visitors, usage intensity, usage frequency, and customer loyalty or transition. The following is the Top 20 financials based...

  • Need a credit union job? Go online

    AUSTIN, Texas - JobGusher, a service of Education Assistance Services, Inc., a subsidiary of Texas Guaranteed Student Loan Corporation, is hosting "Online Job Fair: Banking, Credit Union, and Financial Services Job Fair" for students and recent graduates, March 25-31, 2002. "The banking and financial services industry has a broad range...

  • Summit's McDermond co-chairs IFX Committee

    CORVALLIS, Ore. -Terrence McDermond, Senior Software Engineer at Summit, recently assumed the position of co-chairman of the Credit Application Working Group of the Interactive Financial eXchange (IFX) Forum. In his leadership role, McDermond will help steer development of IFX open system standards. "It's exciting to be a part of this...

  • re:Member Data hosting risk-based pricing seminar

    INDIANAPOLIS - Credit union data processor re:Member Data Services has joined with Fidelity National Credit Services and Experian to host a risk-based pricing seminar for credit unions. The two-day seminar will cover basic concepts of risk-based pricing and discuss how to evaluate pricing strategies. The seminar will be held from...

News

  • Ag lending capabilities drive one CU's DP decision

    CORVALLIS, Ore. - The $410 million Wabash County Farm Bureau Credit Union here needed a core processing system that could handle the uniqueness of agriculture loans. As the DP story on page 1 (continued on 16-17) shows, credit unions may begin making DP decisions based on their business account capabilities....

  • Behind enemy lines

    Credit unions need to know what's on the minds of the bankers. On page 38 readers will find coverage of the America's Community Bankers recent GAC held in Washington. Credit unions came up on a number of occasions, but the banking group says it has bigger fish to fry.

  • CUs need to keep their eyes on BITS; Hollen represents CUNA in recent meeting

    CU Times Editor WASHINGTON - BITS isn't just for banks anymore, and credit unions better keep an eye on this financial tech group. Once known as "Bank Industry Technology Secretariat", the organization changed its name to simply BITS to reflect that it isn't just for banks, and it's not a...

  • From static brochures to interactive loan apps, it's been a swift ride

    COLUMBIA, S.C. - From brochureware to community portals to account aggregation, what a long, strange trip it's been for Web sites in credit union land, and who knows where it's going next? Bill Wagner's willing to hazard a guess. "In the not-so-distant future, the most functional CU Web site will...

  • Online fraud losses continue to mount, new protections gain popularity

    STAMFORD, Conn. - The Internet is a popular place to do business, for good or ill, according to a study that shows that online fraud losses in 2001 were 19 times that of offline sales. But the study by GartnerG2, a business strategy research service of Gartner Inc., also shows...

  • Riverside County CU creates an in-house lending system that's saving the CU over $120,000 a year

    RIVERSIDE, Calif. - Surf and sun may be on the minds of a lot of young Californians, but for Scott Murray and Jeremiah Worthington, the big thing was creating a home-grown online lending system that's now saving their employer a cool $120,000 a year or so. Using what was available...

  • Web self-service solutions chase technology's leading edge

    COLUMBIA, S.C. - As more consumers move to the Web for their financial services, it's becoming increasingly crucial that credit unions help them when they get there. Because of that, self-service tools - from the simplest FAQ's to emerging technical wizardry such as virtual agents - are also becoming increasingly...

In Other News

  • BRANCHING OUT

    Point Loma Credit Union, San Diego, Calif., has held a ribbon-cutting ceremony to officially open its newest branch in San Marcos. PLCU now operates nine full-service branches in San Diego County. Members of the San Marcos Chamber of Commerce attended the grand opening celebration along with PLCU staff and Board...

  • DONATIONS

    Cabrillo Credit Union, San Diego, Calif., has helped member Yolanda France see gold. France is the winner of Cabrillo's Great Gold Giveaway contest and walked away with $100 in gold dollar coins. This contest was promoted in the credit union's first quarter newsletter and included an entry form, which the...

  • MILESTONES

    Pennsylvania Credit Union Foundation, Harrisburg, has reached a grant-issuing milestone. Generating funds and providing other resources for credit union survival, development and education are the primary functions of the PCUF. Since it was organized in 1996, the Foundation has shared more than $500,000 in grants. This past year the foundation...

  • SCHOLARSHIPS

    California Credit Union League, Rancho Cucamonga, has nominated The Golden 1 Credit UnionAdministrative Planning/Project Coordinator Amy Penick, for the World Council of Credit Unions' Young Credit Union Professionals Scholarship. This annual scholarship program is awarded to five young credit union professionals and leaders from within the international credit union movement...

News Briefs

  • CUNA goes on the record for 2003 CLF

    WASHINGTON-As Washington heats up for yet another potentially exciting legislative session, CUNA is throwing its two cents in before the issue of the Central Liquidity Facility (CLF) borrowing authority even surfaces for fiscal year 2003. Congress will soon begin formulating appropriations bills and CUNA wanted to be one step ahead...

  • CUNA's message to bankruptcy reform conferees: "get on with it"

    WASHINGTON-CUNA Vice President and Senior Legislative Counsel Gary Kohn summarized a recent letter from CUNA President and CEO Dan Mica to members of the bankruptcy conference as "urging them to complete their negotiations and get on with it." The financial services industry has been waiting close to five years for...

  • Credit union credit card portfolios still selling

    ATLANTA - As part of the growing CU trend, two more credit unions have sold their credit card portfolios to InfiCorp Holdings, Inc., a subsidiary of First National of Nebraska, Inc. The Westbrook, Maine-based Evergreen Credit Union and Moose Lake, Minnesota-based Lake State Federal Credit Union combined portfolios total $7.4...

  • Former Federal Reserve Board CU board member now an SEC commissioner

    WASHINGTON - Cynthia Glassman, a former board member of the Federal Reserve Board Credit Union was recently appointed a commissioner for the Securities Exchange Commission by President Bush. Glassman spent over 30 years in the public and private sectors focusing on financial services regulatory and public policy issues. She spent...

  • NAFCU writes Maryland Rep. on increasing mandatory IRA withdrawal age

    WASHINGTON-Noting that personal savings is at its lowest level in more than 40 years, NAFCU President and CEO Fred Becker wrote Maryland Representative Benjamin Cardin (D) encouraging him to work to increase the age for mandatory withdrawals from Individual Retirement Accounts (IRAs). NAFCU supports increasing the age for mandatory withdrawal...

  • NY Credit Union Foundation extends disaster relief application deadline

    LATHAM, N.Y. - The New York Credit Union Foundation has extended the deadline for filing applications for assistance from the foundation's Disaster Relief Fund. All applications for funds on behalf of those who lost a family member who belonged to a credit union must now be postmarked by May 31....

  • Seven Seventeen CU gets nod to expand FOM

    WARREN, Ohio - Seven Seventeen CU, the third largest credit union in the state with more than $400 million in assets, was approved by the Ohio Division of Financial Institutions to expand its field of membership to include three community groups of Trumbull, Mahoning and Columbiana counties. Chartered in 1957...

People

  • EAST

    Northern Virginia Chapter of Credit Unions, Alexandria, has elected the following officers to its board: Jacqueline Connor, president; Gaye DeCesare, first vice president; Beverly Hold, second vice president; Jeanette McWilliams, secretary; and Frank Marciniack, treasurer. Capital Communications Federal Credit Union, Albany, N.Y., has promoted David Jurczynski to senior vice president...

  • MIDWEST

    Wisconsin Corporate Central Credit Union, Hales Corner, has named Melissa Goodlet business development representative. Macomb Schools and Government Credit Union, Clinton Township, Mich., has promoted Michael Stocker to vice president of products/development and Steve Brewer to chief financial officer.

  • SOUTH

    Memphis Area Teachers' Credit Union, Tenn., has promoted Connie J. Brown to sales manager. Carolina Trust Federal Credit Union, Myrtle Beach, S.C., has named Annette Barnette marketing specialist. Fairwinds Credit Union, Orlando, has promoted Meribeth Aaronson to vice president of information systems; Dianne Goigel to vice president of marketing; and...

  • SOUTHWEST

    Denton Area Teachers Credit Union, Texas, has promoted the following employees: Glen McKenzie, executive vice president of operations; R. Dean Barnes, Jr., senior vice president of lending; Barbara Harper, vice president of business development; Pam Hamm, vice president/branch coordinator; Kim Epting, vice president/controller; Jon Madsen, vice president consumer lending; Gretchen...

  • VENDORS

    Design Build Concepts, a design/build firm, has promoted Sharon S. Morris to senior vice president. Premier Systems Inc., an online processing/technology solutions provider, has named Mary Noblitt, regional sales manager; Gerald Arsenault, regional sales manager; and Gail Reed research and development manager.

  • WEST

    Woodstone Credit Union, Federal Way, Wash., has appointed Susan Streifel to the position of president/CEO. Government Agencies Federal Credit Union, El Centro, Calif., has appointed George Kirschner president/CEO. Kirschner replaces Beverly Dawson who retired in December 2001. Denali Alaskan Federal Credit Union, Anchorage, has named Gordy Miller human resources director....

Opinion

Publisher's Notebook

  • Living our core values

    On more than one occasion, readers have asked what makes Credit Union Times different. Besides the obvious, we tell them that very simply it's our core values. We live by them in every issue we publish and in all of our business relationships, too. At the heart of our editorial...

In Memoriam

  • Montgomery, former NCUA administrator, passes

    ATHENS, Texas - Austin Montgomery, former NCUA administrator and lobbyist for the Illinois Credit Union League, died March 6. Montgomery was sworn in as NCUA administrator at the White House in 1976, and he served in that capacity until 1978. As Administrator, he was responsible for the chartering, supervision, examination,...

Publisher's Column

  • Some things are not what they seem to be

    Several recent events make it clear that there's more than one way to look at something that on the surface may appear to be pretty much black and white. Take for example, discussions revolving around the attempt to modernize the widely despised CRA (Community Reinvestment Act). It appears to be...

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