Credit Union Times Magazine October-23, 2002

In Other News

  • DONATIONS

    South Carolina Federal Credit Union, North Charleston, employees have donated their time and muscle to the Trident United Way's Day of Caring. Eight employees from the credit union volunteered to paint rooms at two agencies that receive funding from United Way. FAIRWINDS Credit Union, Orlando, Fla., has donated $3,000 to...

  • AWARDS

    Central Florida Educators Federal Credit Union, Orlando, has announced its second quarter employees of the month as Carl Bennett, Linda Sanabria, and Renee Christie. Individuals chosen as "Employees of the Month" are cited for outstanding performance, teamwork and service to the credit union and its members. Winners receive a plaque...

  • SCHOLARSHIPS

    Leyden Credit Union, Franklin Park, Ill., has award scholarships to three recent high school graduates. This year's Leyden CU scholarship has been presented to Laura Mc Murray, Lauren Buoniconti and Anne Masters. The recipients will be attending Milliken University, Triton College and the Cincinnati Conservatory respectively. Clark County Credit Union,...

News

  • StarTrust FCU shows the stuff of a true survivor-CU style

    HOUSTON - Star Trust Federal Credit Union is hoping that members will share a collective deep breath of fresh air as they step into its new retail full service branch. It has been a busy year for the $56 million credit union since Enron Corporation filed bankruptcy on Dec 2,...

  • Revamped HQ provides new opportunities for Anheuser-Busch ECU

    ST. LOUIS - Anheuser-Busch Employees' Credit Union is hoping a remodeled headquarters will help it become the financial institution destination spot for members here. "It was just time for a change, but we love our location because our sponsor Anheuser Busch is just around the corner and it is important...

  • Have CU will travel

    DALLAS - When the grocery store where Pegasus Credit Union was located announced it was closing, the $94 million credit union was literally able to pack up its in-store branch and move to a new site within 30 days. Atlanta-based International Banking Technologies, a retail branch design/build firm in partnership...

  • Special Report: Facilities

    This special report is all about fresh starts. Take a look at pages 18-20 and learn how a transformed space can breathe new life into a few credit union facilities.

  • Consumers looking for preferred service at branches

    ATLANTA - Initial findings of a SYNERGISTICS Research Corporation survey entitled Revitalizing the Branch finds that 79% of consumers want to be treated like royalty when visiting a branch of a financial institution. In addition,85% of consumers who visit branches four or more times per month strongly agreed with the...

  • What a difference a new design makes!

    Whether it is adding windows, changing colors or completely redesigning a space - credit unions and their members refuse to look back and are saying "Vive la difference." Here is a glimpse of some other credit unions that have updated their look:

  • Allegacy FCU unveils community room

    WINSTON SALEM, N.C. - Allegacy Federal Credit Union has gone back in time with its dedication of the R.J. Reynolds Tobacco Company Community Room. A four-panel mural on canvas designed by local artist Joanie Brown entitled "A Reynolds Legacy" will grace one wall of the room located in Allegacy FCU...

  • Affinity Plus FCU hits the skyway

    MINNEAPOLIS - There will be a new Affinity Plus Federal Credit Union branch in the downtown skyway here. Located in the Dorsey & Whitney building, the branch is one of the few credit unions on the skyway level. An ATM will be available on the first level of the building...

  • Evangelical Christian CU relocates headquarters

    BREA, Calif. -Evangelical Christian Credit Union has finally completed the relocation of its corporate headquarters. ECCU moved into the first phase of this new campus just seven months after breaking ground on the 17.5-acre site. The facility includes two buildings totaling 125,000 square feet and will house more than 230...

  • Dollar brings message to the White House

    NCUA Chairman Dennis Dollar was able to get his Access Across America message out at a White House-held event. See story page 3.

  • State Employees CU wins "TOBY" Award

    LANSING, Mich. - State Employees Credit Union's Louis B. Ebaugh Building has been selected as a winner in the 2002-2003 Office Building of the Year "TOBY" Awards Competition, sponsored by the Building Owners and Managers Association of Mid-Michigan in cooperation with Building Owners and Managers Association (BOMA) International. According to...

News Briefs

  • 50 CEOs turn out for CU Association of the West conference

    SEATTLE -In line with an expansion of programming for CU Association of the West, 50 CEOs from credit unions in four Western states recently joined in special roundtable discussions here during the annual two-day meeting of CEO Okotoberfest held at the Westin Hotel. The CEO event, sponsored annually by the...

  • Credit union/mutual savings conversion bank debate coming soon

    LOS ANGELES - The credit union-to-mutual savings conversion debate between Hans Ganz, president of Pacific Trust Bank, and Dave Chatfield, president/CEO of the California CU League is fast approaching. The debate will take place on Nov. 6 during the Southern California/Arizona CUES Council to be held in Dana Point, California....

  • Heritage Community CU partners with XCU Capital

    CARLSBAD, Calif. - Joining a growing list of credit union-partners, Heritage Community Credit Union is the latest to align with XCU Capital Corp., a credit union owned broker/dealer. Heritage, the eleventh credit union to partner with XCU Capital this year, has 32,000 members and more than $180 million in assets....

  • CUNA and NAFCU brief GAO on credit union background

    WASHINGTON-Representatives from the General Accounting Office met with CUNA and NAFCU officials to boost their general credit union knowledge before embarking on a study of the industry as requested by Senate Banking Committee Chairman Paul Sarbanes (D-Md.). The lawmaker asked that GAO look into the safety and soundness of the...

  • NYIB 2003 conference plans set

    MADISON, Wis. - The National Youth Involvement Board has announced the 2003 Annual NYIB Conference will be held August 7-9 at the Edgewater Hotel here. The 2003 theme, "Spotlight on Youth! Credit Union Stars of Tomorrow," includes fresh ideas, new vendors, a tour of the CUNA Campus, youth marketing and...

  • Great Lakes CU to host free LTC seminar

    GREAT LAKES, Ill. - Long-term care is a hot topic as more boomers not only become seniors but also care for their parents. Great Lakes Credit Union, in conjunction with the Money Concepts Financial Planning Centre will host a seminar entitled "Long-Term Care: The Crisis of the 21st Century," on...

  • CCUC names Coulter executive director

    WASHINGTON - The search for an executive director is over for the Campus Credit Union Council. Effective October 15, Gillian Coulter, will begin her duties as executive director. Coulter fills the void left by Bradford Caldwell who resigned to pursue his MBA degree. No stranger to campus cooperatives, Coulter has...

  • CU-24 Joins Member Access Atlantic

    LATHAM, N.Y. - Member Access Atlantic, the inheritor of many of the regional ATM networks which were orphaned when the Member Access Network dissolved recently, got a boost when CU-24, an important electronic ATM and Point of Sale (POS) network joined. CU-24 is a affiliate of the New York State...

  • Rosenthal named to NY Consumer Council

    NEW YORK - New York City Mayor Michael Bloomberg has named Clifford Rosenthal, executive director of the National Federation of Community Development Credit Unions to the Consumer Council that serves the city's Department of Consumer Affairs. Also named to the 12-member Council were Rhoda Karpatkin, President Emeritus of Consumers Union;...

Tech Bytes

  • Arizona FCU adds lending tools to DI relationship

    PHOENIX, Ariz. - Arizona Federal Credit Union has expanded its relationship with Digital Insight, signing up for the Internet banking firm's AnyTimeLender and ContactCenterLender solutions. The state's second-largest CU, $1 billion Arizona Federal began its relationship with DI in 1999 with the launch of AXIS Internet banking and bill pay...

  • Members Mortgage, Prime Alliance partner to bring online mortgage apps to New England CUs

    WOBURN, Mass. - Members Mortgage and Prime Alliance Solutions have partnered to allow New England CUs the ability to offer their members instant online mortgage applications. The solution, which is powered by Fannie Mae's automated underwriting tool, Desktop Underwriter, was originally created by Boeing Employees CU and Internet mortgage firm...

  • Universal 1 stays home for aggregation solution

    DAYTON, Ohio - Universal 1 Credit Union has decided to be the first account aggregation customer of one of its sponsoring companies - global financial technology provider NCR Corp. NCR's account aggregation is based on TekPortal software from Teknowledge Corp. and is part of NCR's portfolio of electronic commerce services....

  • New OSI module can help CUs with collections

    GLASTONBURY, Conn. - Open Solutions Inc. CU clients will have a new module to assist in collections. OSI announced the launch of its asset collection management system for processing and recovering non-performing loans, negative balance deposit accounts, over limit lines of credit and legal status accounts. It offers a security...

  • Spooner no longer CEO at Corillian

    PORTLAND, Ore. - Ted Spooner, founder and long time CEO of Internet solutions firm Corillian, is now the company's chief corporate strategist, a newly-created position. Spooner, who has CU roots (once serving as CFO of First Tech CU, Beaverton, Ore.), was also appointed chairman of the executive committee. Alex Hart,...

  • EDS wraps up Visions 2002; forms new relationship with Dell

    PLANO, Texas - EDS recently wrapped up its Visions 2002 conference for its credit union clients in Las Vegas. It included its largest Tech Fair ever with 31 booths. Over 250 attendees went to at least one of the training classes. EDS created a new forum this year, called CXO...

  • CU Village.com offering vulnerability assessments

    NORTHVILLE TOWNSHIP, Mich. - CU Village.com is now offering vulnerability assessments. CU Village.com partnered with VIGILANTe, an IT vulnerability assessment firm to deliver the service. It will enable users to regularly conduct vulnerability scans of their Internet connections, and test networks for security weaknesses. VIGILANTe said CUs shouldn't think they're...

  • Online Resources makes Deloitte & Touche Fast 500 list

    MCLEAN, Va. - While many Internet solutions firms targeting CUs have disappeared over the years, the ones that have hung around are doing well. Online Resources has been named one of the nation's 500 fastest growing technology companies by Deloitte & Touche for the second year in a row. The...

Opinion

  • Is your facility an asset? Six ways to know

    Facilities are capitalized improvements that represent a significant portion of a credit union's operating budget. Even though depreciated, occupancy is a significant expense in a budget, generally just below personnel and information technology. Often, the facility is seen just as the home for staff and the place where members go...

Letters to the editor

  • Another point on S-corps

    I was very pleased to see Mike Welch, in his Oct. 2 column "Bank credo: do as we say, not as we do" shed some light on the S-corporation topic which many in the industry and I would guess most credit union board members probably did not understand very well....

  • NCUSIF has the backing of the government

    The guarantee that stands behind the NCUSIF sticker on the door of Navy FCU which I joined as a midshipman at the Naval Academy in the early 1970s has always been crystal clear to me. I have no doubt that the vast majority of Americans who belong to federally insured...

Publisher's Column

  • Good things also come in big packages

    There's been more discussion about small credit unions than usual in recent weeks, much of it generated by NCUA Board Member Deborah Matz's oft-expressed concern that their number is dropping faster than she initially realized. On the other hand, there is a lot less talk about large credit unions, unless...

People

  • EAST

    ACCESS Federal Credit Union, Clinton, N.Y., has promoted Melissa O. Cousin to vice president of accounting/controller and Pam Wolcott to vice president of human resources. Merrimack Valley Federal Credit Union, Newburyport, Mass., has appointed Peter J. Matthews, Jr. president/CEO. Vermont Federal Credit Union, Burlington, has named Nicole Morris controller and...

  • MIDWEST

    Affinity Plus Federal Credit Union, St. Paul, Minn., has promoted Sarah Sackett to director of member relations. South Division Credit Union, Evergreen Park, Ill., has promoted John Denlinger to financial services supervisor. Purdue Employees Federal Credit Union, West Lafayette, Ind., has promoted Kristy Robb to marketing manager and Tracy Hudson...

  • VENDORS

    State National Companies, a collateral protection insurance solutions provider, has named Paul Cohen regional sales manager for the state of Michigan. Couvrette Building Systems, an ATM/Kiosk manufacturer, has promoted Kevin Gilbert to vice president of sales/marketing. Group 1 Software, a provider of software solutions for credit union marketing/ analytics, has...

  • SOUTH

    Envision Credit Union, Tallahassee, Fla., has named William V. Duke mortgage department manager. First South Credit Union, Memphis, Tenn., has named Wendy Stine Cordova branch member relations director; Tim Baker Hickory Hill branch member relations director; and Melissa Hemingway Millington branch member relations director. In addition, FSCU has promoted Brian...

  • WEST

    Meriwest Credit Union, San Jose, Calif., has named Melody Criner business development officer/retail lending and Jon Carlson assistant vice president of financial center delivery. Hawaiian Tel Employees Federal Credit Union, Honolulu, President Norman Okimoto has been named president for the Hawaii Society of Certified Public Accountants. Sound Credit Union, Tacoma,...

Publisher's Notebook

  • The numbers game

    As the number of credit unions continue to drop, the number of paid subscribers for most credit union publications has either been static or declining. Yet some publications are advertising growing numbers of subscribers and readers. How can this be? As everyone knows, the honest way to measure the real...

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