Credit Union Times Magazine April-23, 2003

News

In Other News

  • AWARDS

    Robins Federal Credit Union, Warner Robins, Ga., has recognized several employees for their outstanding community service and outstanding achievements on the job. This year's winners include: Gladys Barfield, who was presented the 2002 Hope Award for volunteering in the most activities with a total of eight activities; Christiane Belisle, who...

  • SCHOLARSHIPS

    California Credit Union League, Rancho Cucamonga, has nominated the three recipients of its Tomorrow's Star Award for the Young Credit Union Professionals Scholarship. This year's nominees include Michael George, business development manager for Kern Schools FCU; Jeanne Kim, e-commerce project manager for Xerox FCU; and Melia De Witt, public relations...

  • DONATIONS

    Nazarene Credit Union, Brea, Calif., has donated $100,000 to Pasadena College/Point Loma Nazarene University. The funds will go toward a new classroom/faculty office building for the Department of Accountancy, Business and Economics. Capital Area School Employees Credit Union, Lansing, Mich., has recently sponsored an open house showcasing artwork by Grand...

News Briefs

  • Coalition Petitioning To Close Payday Lending Bank

    WASHINGTON - A coalition of consumer and community development groups, including the National Community Reinvestment Coalition and the Consumer Federation of America, have petitioned the Federal Reserve to shut down the payday lending operation of a Federal Reserve bank. The First Bank of Delaware is a state-chartered bank owned by...

  • Retirement Gurus Take Another Shot in Portman-Cardin II

    WASHINGTON-Retirement plans are not what they used to be. CUNA Senior Vice President of Government Affairs John McKechnie said that fact should help push through legislation recently introduced by Representatives Rob Portman (R-Ohio) and Ben Cardin (D-Md.) to give Americans greater flexibility and portability of their retirement plans. Two years...

  • Banks must Win Over Minorities, according to OCC

    ARLINGTON, Va.-In a recent speech before the Consumer Bankers Association, Comptroller of the Currency John D. Hawke, Jr. encouraged banks to direct their focus with shifts in the U.S. population for continued success. "It is no exaggeration to say that the industry's future success hinges on its ability to meet...

  • Montana Credit Union Act Signed into law

    HELENA, Mont. - House Bill 319 that updates and clarifies the Montana Credit Union Act has been signed into law by Governor Judy Martz. Among the provisions of HB 319, it gives the state regulator more flexibility in handling troubled credit unions to avoid unnecessarily harsh remedies; provides more latitude...

  • NCUA Promotes Steele to Region V Associate Director

    ALEXANDRIA, Va.-NCUA has tapped Jeffrey Steele, deputy to the Asset Management Assistance Center president, to become the new associate regional director of programs in Austin, Texas as of May 5. In his new post, Steele will be responsible for the Region V field program and manage approximately 90 examiners. Steele...

  • West Virginia Corporate, First Carolina Corporate go With SmartSource Solutions

    WALLINGFORD, Conn. - SmartSource Solutions, a CUSO of Constitution State Corporate CU, now has nine corporate clients for its Web-based products and services. West Virginia Corporate CU and First Carolina Corporate CU are the latest two corporates to sign with SmartSource. Both are getting a complete Web site redesign, along...

Tech Bytes

  • XP Systems, Epicor Join Up to Provide E-Commerce to Mid-Market

    MOORPARK, Calif. - XP Systems has joined forces with Epicor Software Corp. to offer credit unions and other mid-market financial institutions an integrated e-commerce/core processing software solution. Clients will be deploying a combination of XP2 - XP Systems' new relational-database, browser-based core system - and the Epicor for Financial Services...

  • Big Coup for WesPay as Golden 1 Converts to EPN for ACH Processing

    NEW YORK - WesPay, a regional payments association serving the western U.S. and Pacific regions, is already seeing fruits from its strategic partnership with Electronic Payments Network. The two announced that the $4 billion Golden 1 CU, California's largest CU, is converting its ACH processing from the Fed to EPN....

  • Half-price .coops Now Available

    WASHINGTON - Get your .coops here! From now until June 10, credit unions and other cooperatives can buy .coop Web addresses at half price. Coop is the top-level Internet domain exclusively for cooperatives, which joined .com and .org on the Internet last year. Co-ops can buy a two-year registration for...

  • DI, Harland Re-Up Multi-Year Marketing Pact

    CALABASAS, Calif. - Digital Insight and Harland Financial Solutions have inked a multi-year renewal of a marketing deal between DI and HFS' Bank Core Systems group, the companies said. DI's AXIS online banking, billpay, cash management and other e-finance solutions will continue be marketed as the exclusively endorsed third-party ASP...

  • Patelco Patches Security Vulnerabilities with nCircle Product

    SAN FRANCISCO - nCircle, a vulnerability management solutions provider, has helped the $3 billion Patelco CU discover network vulnerabilities, according to the credit union, that were fixed with upgrades. Patelco is using nCircle's IP360 appliance-based solution to secure an online environment for financial transactions. It is designed to protect against...

  • Corillian Passes 10 Million End-user Mark

    PORTLAND, Ore. - Corillian Corp. said it has now passed the 10 million mark in end-users of its consumer and small-business online financial services products. The electronic commerce enabler said it added more than 3.8 million end users to the Corillian Voyager platform in the past year, and that it...

  • Liberty Says It is Proof Bill Pay is Growing

    MOUNDS VIEW, Minn. - Liberty Internet Services said that its client credit unions processed nearly $25 million in online bill payments in March, up from $12 million last June. The increase wasn't based on tons of new clients. It had 54 at the end of July 2002 and just 65...

  • FedComp's Next Generation Hits 600

    FAIRFAX, Va. - FedComp Inc. said that it has now sold its newest core processing system, The Next Generation (TNG) to more than 600 credit unions in the 18 months or so since it was introduced. Four hundred of those installations have been completed. FedComp has more than 2,500 CU...

Opinions

  • Minnesota Building Trades FCU Branch has Job Site Appeal

    MAPLE GROVE, Minn. - Members won't hear the sound of a hammer when walking through the doors of Minnesota Building Trades Federal Credit Union's Inver Grove Heights branch, but they feel instantly at ease in the familiar surroundings. The 1,400 square-foot branch was designed by Eden Prairie Minnesota-based architectural firm...

  • Cheeseburgers, Fries, Shakes and Home Equity Loans

    Branch deployment is at an all-time high for both credit unions and banks. We in the industry know the top real estate locations are pursued by financial institutions, fast food restaurants, gas/convenience stores, and drug stores. These users typically drive the value and price point to the highest square-foot dollar...

Letters to the editor

  • The "Big" Guys Just Won't Call the Kettle Black

    I have been reading, with great interest, the ongoing debate on Private Insurance vs. NCUSIF coverage. Information and opinion continues to come from both sides of the isle and, while hesitant to offer my opinion (this and $1.50 can buy you a cup of coffee . not a latte' mind...

  • CO-OP CEO: Clarification of Recent Events

    In the 22-year history of CO-OP Network, we have never received more press coverage than in the past four months. Interestingly, that coverage has dealt primarily with two situations to which we were not directly a party: the attempted acquisition of Credit Union 24 by Concord and the launch of...

  • A Case for Overdraft Protection

    Mike Welch's April 9th column, "Putting a Little Bounce in Checking Accounts" was right on. In November 2001, following 9-11 with many members deployed and called up, we decided to begin overdraft protection (ODP) for them and their spouses. With all of their problems, we didn't want a spouse burdened...

  • Well done, PSE CU

    Congratulations to PSE Credit Union, Parma, Ohio for applying to expand their membership to all of Cuyahoga County! All other credit unions in Cuyahoga County need not worry because even Navy Federal could not truly service this area effectively. PSE CU's average asset growth of 6% per year over the...

Publisher's Column

  • Many Reasons Why Association CEOs Get Fired

    Each year when making predictions for the next 12 months, I usually include one that predicts the demise of a couple of league CEOs. Frankly, this is always a slam dunk prediction because not a year goes by when one or more league executives don't bite the dust. Managing a...

People

  • WEST

    Redwood Credit Union, Santa Rosa, Calif., has promoted the following employees: Brett Martinez to executive vice president/chief operations officer; Marty Chatham to senior vice president/controller; Darrin Logasa to senior vice president of lending; and Cynthia Negri to senior vice president of member services. In addition, RCU has named Patrick McNeany...

  • EAST

    Credit Union of New Jersey, Ewing, N.J., has named Jeff DePiano senior vice president of information systems and Robert Vuocolo controller.

  • SOUTH

    Keesler Federal Credit Union, Biloxi, Miss., has elected the following officers to its board: Don McCormick, chairman; Dean Todd, vice chairman; Cynthia Payne Childers, treasurer; and James Doyle, secretary. In addition, KFCU has elected the following directors: Tommy Adkins, Gerald Caldwell and Joe Vanhooser. KFCU Supervisory Committee members include its...

Publisher's Notebook

  • It's All We Do

    Those organizations that stick to their knitting, we have been told by many renowned management gurus, have the best chance of being successful. We heartily agree. At Credit Union Times our entire focus is on putting out the best weekly credit union publication we can. That's it. Nothing more. Publishing...

People Feature

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