Credit Union Times Magazine September-11, 2002

In Other News

  • DONATIONS

    Affinity Federal Credit Union, Basking Ridge, N.J., has raised $29,000 to benefit the Northwest New Jersey Maternal & Child Health Network during the Fifth Annual Golf Invitational. This year's event drew over 130 participants and sponsors. The mission of the Northwest New Jersey Maternal and Child Health Network is to...

News

News Briefs

  • NAFCU provides form letter for members on bankruptcy reform

    ARLINGTON, Va.-As part of its recent Web site update, NAFCU is enabled to provide a form letter for its members to edit and e-mail to lawmakers in support of bankruptcy reform. The trade association is also able to track somewhat how many of its members take advantage of the new...

  • Wentzel named Pennsylvania Acting Secretary of Dept. of Banking

    HARRISBURG, Pa. - Gov. Mark Schweiker named Paul Wentzel Jr. to be Acting Secretary of the Department of Banking, effective August 30. Wentzel has been with the Department of Banking since 1981, serving as executive assistant through three Administrations. Before coming to the department, he served as Research Analyst for...

  • CUNA comments on Part 704

    WASHINGTON - In its comment letter to NCUA on the corporate reg, Part 704, CUNA questioned the need for the new earnings retention requirement. "It seems to be drawn from Prompt Correction Action, which for sound, public policy reasons does not apply to corporate credit unions," CUNA wrote. CUNA advocated...

  • Corporate Central adds three employees, including CU veteran Bill Sayles

    HALES CORNERS, Wis. - The $1.5 billion Corporate Central CU, formerly Wisconsin Corporate Central CU, announced three staff additions including William B. Sayles as Senior Investment Advisor. Prior to joining Corporate Central, Sayles was the Executive Director with The Center for Credit Union Innovation, LLC and Filene Research Institute. He...

  • Liberty named "Great Place to Work" by business newspaper

    MOUNDS VIEW, Minn. - Liberty Enterprises was named one of Twin Cities Great Places to Work by The Business Journal newspaper. The business publication's annual awards program recognizes companies that provide a positive working environment and develop innovative programs to retain and attract employees. According to a Liberty release, the...

  • CUMAnet partners with Mortgagebot

    BASKING RIDGE N.J. -Credit Union Mortgage Alliance Network (CUMAnet) and leading Internet mortgage technology provider Mortgagebot have reached an agreement to offer Internet-based mortgage solutions to CUMAnet's clients. Mortgagebot's online application can be customized to mirror each credit union's brand, pricing and product mix. The technology, said CUMAnet means credit...

  • FISI Madison is now Progeny

    NASHVILLE, Tenn. - FISI-Madison Financial, a marketing solutions provider serving credit unions, is the latest company to jump on the name change train. With a new positioning statement of "vision, value and results", the 30-year old Cendant subsidiary has changed its name to Progeny Marketing Innovations. "We wanted to make...

  • Ohio State representative joins SECU Board

    COLUMBUS, Ohio - Ohio Representative Sylvester Patton, Jr. (D-Youngstown) was sworn in Aug. 28 as the newest board member of State Employees Credit Union. To the Ohio Credit Union League's knowledge, Patton is the first sitting member of the Ohio General Assembly to ever serve as a credit union director....

Letters to the editor

  • Pricing based on what?

    Can anyone tell me how you determine your membership count? Is it a member with a $5 share account, $5 share draft account, a member with a loan with no savings, or a member with just a CD? Why am I asking? Everything our trades charge us for is based...

  • Fuzzy math?

    Regarding Credit Union Times' articles on the effect of increased deposits in individual credit unions on NCUSIF's share equity ratio, either my math is fuzzy or the authors of such articles rationale is flawed. It's not the deluge of deposits in reaction to whatever factors that creates a potential problem....

  • A lot of factors go into CEO compensation

    In the August 14th issue the article on CEO compensation using CUES data caught my eye. When inflation has remained relatively low for a number of years, it is surprising to see double digit salary increases for CEOs. Or is it? First off, who does CUES represent? It's not called...

Opinion

Publisher's Column

  • Back to normal not always a good thing

    Exactly one year has passed since those horrific events on September 11th that many people, from the President of the United States on down, said would change this country forever. At the same time, Mayor Rudy Giuliani and many others pleaded with all New Yorkers to try and return their...

Publisher's Notebook

  • Our dedication

    This 76 page commemorative issue of Credit Union Times is a first. Hopefully it will also be a last. In late summer 2001, only several weeks before the 9/11 tragedy, our editorial staff put the finishing touches on their 51 issue editorial calendar for the year 2002. A data processing...

People

  • IN MEMORIAM

    Bell & Howell Phillipsburg Employees Federal Credit Union, Allentown, Pa., regretfully reports that Board Treasurer John Stefano was fatally injured in an industrial accident in the NewsTech plant in Northampton. Stefano was doing maintenance on a high pressure steam valve when it unexpectedly exploded. Stefano was 55 years old and...

  • SOUTH

    Keesler Federal Credit Union, Biloxi, Miss., has promoted Sheila Cheek to Ocean Springs branch manager and Vicki Bush to Ocean Springs assistant branch manager. Central Florida Educators' Federal Credit Union, Orlando, has named Jeffery Lindsey assistant vice president of real estate lending. Georgia Federal Credit Union, Atlanta, has named John...

  • VENDORS

    Emick, Howard & Seibert, Inc., a design/strategic facility planning firm, has named Naomi Berg, marketing assistant; Theresa Ek, corporate planning/interior designer; Kelly Leonard, interior designer; and Mark McIntire, architect.

  • MIDWEST

    South Division Credit Union, Evergreen Park, Ill., has promoted Berenice Calderon to controller. Catholic Federal Credit Union, Saginaw, Mich., has named Thomas J. Zirkle vice president of loans and member services.

  • WEST

    Steinbeck Credit Union, Salinas, Calif. has named Melissa Fata vice president controller. USA Federal Credit Union, San Diego, Calif., has elected Jeffrey Laughlin; Timothy McMaster; and Michael Willoughby directors of the board. Global Credit Union, Spokane, Wash., has hired the following Member Service Representatives: Tracey Fowler; Shelly Hogeweide; Sarah Sather;...

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