Credit Union Times Magazine June-04, 2003

News Briefs

  • SBA Draft Strategic Plan Notes Use of CUs

    WASHINGTON-The Small Business Administration's draft strategic plan for 2003-2008 recognizes the role credit unions can play in helping SBA continue to meet small business needs "in an era of declining resources and increasing expectations." "New ways must be found to use limited resources to serve more small businesses, and to...

  • Staatz Appointed President/CEO, SECU of Maryland

    BALTIMORE- Rod Staatz has been appointed by the board of directors of State Employees CU of Maryland to succeed Teresa Halleck as SECU's new president/CEO. Staatz's appointment was effective May 12. Halleck left SECU last year to work as president/CEO of the Golden 1 CU in California. She succeeded Stan...

  • UNFCU Joins CO-OP Network

    ONTARIO, Calif. - The worldly $1.7 billion United Nations Federal Credit Union has joined CO-OP Network. "The UNFCU membership creates a unique challenge for their credit union - to provide product and service offerings that meet the special needs of more than 57,000 members spread across the globe," said CO-OP...

  • NY Bill Passes Allowing CUs to Participate in Banking Development Program

    ALBANY, N.Y. - The New York State Assembly unanimously passed the Banking Development Districts bill - A. 399 - that allows credit union in banking development districts. The Banking Development District Program provides property tax breaks to banks and thrifts that establish branches in underserved areas. It also allows municipalities...

  • Shelby Asks for NCUA's Opinion for Senate Reg Relief Bill

    WASHINGTON-Senate Banking Committee Chairman Richard Shelby (R-Ala.) recently requested suggestions for a regulatory relief bill in the Senate from NCUA Chairman Dennis Dollar. Shelby explained in his May 23 letter that he felt regular review of the effectiveness of banking laws and regulations is important. "To this end, I respectfully...

  • Home Equity Reform Legislation Passes in Texas

    AUSTIN, Texas - The Texas House of Representatives has passed SJR 42, the Home Equity Reform Legislation authored by State Senator John Carona and supported by the Texas Credit Union League. The measure includes the following provisions: authorization of lines of credit up to 50% of fair market value of...

  • Matz Chooses CUNA Staffer for her Next Executive Assistant

    WASHINGTON-CUNA seems to have become a breeding ground of late for their constituents' regulator. CUNA Vice President of Information Services Steve Bosack, also vice president of public relations, is the latest CUNA staffer to move over to NCUA. Earlier this year, former CUNA lobbyist Maura Hampton was hired on as...

  • WesCorp's Record RUDE Helping Pay Operating Expenses

    SAN DIMAS, Calif. - WesCorp said its Reserves and Undivided Earnings (RUDE) recently topped $500 million, a new record. RUDE and fee income help WesCorp pay the majority of its operational expenses, which it says help it become even more flexible in returning money to its members through better yields....

  • Two Alaska CUs Among Top Grantors of Home$tart Funding in State

    ANCHORAGE, Alaska - Alaska USA FCU, Anchorage, and Northern Schools FCU, Fairbanks both made the top five list of grantors over the past year of funds to low-income home buyers through Home$tart, a down-payment assistance program of the Federal Home Loan Bank of Seattle. Home$tart matches money saved by participants...

  • New Player Signals Interest in First Data/Concord Merger

    DENVER - First Data Corporation announced that it has filed with the Securities and Exchange Commission its intent to issue shares that reflect its merger with Memphis, Tennessee-based Concord EFS. Concord is the parent company for the Star Network, one of the largest ATM and EFT processing networks in the...

  • PULSE Kicking Off ATM/POS Safety Awareness Month

    HOUSTON, Texas -PULSE EFT Association is set to launch its fourth annual Safety Awareness campaign during the month of June, which is ATM/POS Safety Awareness Month. As part of the campaign credit unions are encouraged to inspect all ATM installations and provide members ATM/Debit Card security tips. Tips include treating...

  • Bush Looks Forward to Signing Tax Package

    WASHINGTON-The House and Senate have passed the President's Jobs and Growth Tax Package by near party line votes. In the Senate, Vice President Dick Cheney was called upon to place the deciding vote (51-50) on the tax package, with some Republicans defecting. On the House side the vote tallied 231-200,...

  • Missouri Credit Union Association Planning Jefferson City CU House

    COLUMBIA, Mo, - The Missouri Credit Union Association is beefing up its presence in Jefferson City, the state capital, with the purchase of a building that will become "Credit Union House." MCUA is mimicking CUNA with the purchase of a historic building in downtown Jefferson City, north of the Missouri...

  • Voting Poll Results: Credit Unions Want Someone With CU Experience on NCUA Board

    WEST PALM BEACH, Fla. - NCUA Chairman Dennis Dollar's term is officially up and the Bush Administration can name someone to fill his seat any time now. According to the overwhelming majority of participants in Credit Union Times online voting poll, they want that person to have credit union experience....

  • FCUs are Permitted to Offer Own Short-Term Disability, but Additional Risks may Apply

    ALEXANDRIA, Va.-US Federal Credit Union of Minnesota was given the green light to offer a self-funded, short-term disability plan to cover employees during the wait period for the long-term disability policy to kick in. In doing so, though, NCUA Associate General Counsel Sheila Albin cautioned in a recent NCUA legal...

  • Postal Credit Unions Celebrate Rent Reduction

    DEL MAR, Calif. - Perseverance has paid off for postal credit unions across the country. The U.S. Postal Service has recently announced that any authorized credit union now being charged rent for occupying space in their facilities will now only have to pay $1 per year in rent. "I am...

  • Bankruptcy Reform: Still the One to Scratch the Credit Union Itch

    WASHINGTON-With the continually escalating number of bankruptcy filings, credit union trades and other leaders still feel the legislation to reform the bankruptcy system (H.R. 975) is worth the financial and political expenses of the last few years. "Bankruptcy [reform] is just as important as it was six years ago, possibly...

  • Baranowski Eagerly Awaits Retirement from Active CU Work, Has Few Regrets

    ORLANDO, Fla. - Time flies when you're having fun, and Ed Baranowski, president/CEO of Fairwinds CU can attest to that. To the 65-year old Baranowski, it seems like only yesterday when he came on board Fairwinds as the then $78-million CU's president/CEO - it was actually July 1984 - and...

  • Members Choice Credit Union Adds Parent Financial Education Classes

    KATY, Texas - Members Choice Credit Union already had a program in place at Mayde Creek Elementary to familiarize students with financial basics. Now they have begun teaching the students' parents, too. In conjunction with the school's Parent Center, the credit union recently taught a 10-week Money Smart financial education...

  • NCUA Reiterates: NWA Federal Credit Union has `No Authority' to Pay Royalty Fees to Northwest Airlines

    MINNEAPOLIS - NCUA says NWA Federal Credit Union doesn't have to honor Northwest Airlines' request for royalty and licensing fees for trademark usage. In a May 2 letter to officials at NWA Federal Credit Union, NCUA unequivocally reiterates that the credit union has "no authority to pay royalty and licensing...

  • TransUnion Fraud Victim Assistance Dept. Director Still Positive After Years of Fraud Work

    FULLERTON, Calif. - It may sound incredible but after 30 years of helping prosecute identity theft and fraud cases, TransUnion Fraud Victim Assistance Department Director Diane Terry can still be surprised. "I've certainly stopped saying I've seen everything," said Terry. "Something new always comes up." According to Terry, with so...

  • The Aimbridge Group Has No Regrets Over Sale to CUILA, Says Indirect Lending a Ripe Opportunity for Credit Unions

    CHARLESTON, N.C. - Some divorces can be messy, but The Aimbridge Group says there are no hard feelings between the company and the Credit Union Indirect Lending Association following CUILA-participating credit unions' decision last month to end their eight-year indirect lending relationship with The Aimbridge Group (CU Times, May 14.)...

  • `Don't Let Single Sponsor" Dictate Future: Desmond

    SCOTTSDALE, Ariz - Here are two basic lessons for single sponsor credit unions: "you have to look out for the best interests of your own credit union," and it is folly to expect the sponsor to be looking out "for anyone but the sponsor." The advice comes from Daniel Desmond,...

  • Dollar Requests Congressional Support To "Improve PCA"

    GRAND RAPIDS, Mich.-Following up on an idea he floated during a hearing on regulatory relief, NCUA Chairman Dennis Dollar has submitted his draft for a risk-based Prompt Corrective Action program to Congress. Dollar announced the submission of his draft to "improve the one-size-fits-all PCA law" during a speech to 600...

  • Computer and People Power Needed to Meet New CIP Rules

    COLUMBIA, S.C. - Ready or not, the USA PATRIOT Act's Section 326 deadline for creation of a Customer Identification Program will be here soon - Oct. 1 - and credit unions will need to be able to prove they're in compliance. At the heart of all that is keeping track...

  • Corporates Unite to Form Corporate Exchange; Corporate One Has Decision to Make

    DULUTH, Ga. -Corporate credit unions are not letting competition get in the way of cooperation with a newly brokered CD CUSO. Twenty-four corporate credit unions and U.S. Central have joined forces to form Corporate Exchange, a new CUSO that will offer natural person credit unions a brokered CD program known...

  • CUNA Mutual Urges Due Diligence with Retirement Plans Through Professional Employer Organizations

    MADISON, Wis. - With an increase in the number of credit unions outsourcing human resources tasks to organizations that provide such services, CUNA Mutual Group is advising credit unions to proceed with caution should they choose this arrangement, especially in the area of retirement plans. Professional employer organizations or PEOs...

  • Dollar Encourages Volunteers to be Innovative via Satellite Broadcast

    ALEXANDRIA, Va.-Taking advantage of modern technology, NCUA Chairman Dennis Dollar addressed NAFCU's 22nd Annual Credit Union Volunteers Conference by `virtually' traveling thousands of miles, rather than by jumbo jet. Dollar challenged credit union volunteers to be the "architects of vision" in their credit unions and communities from the comfort of...

  • Digital Insight's Dorman Led Company Through a Very Interesting Period

    CALABASAS, Calif. - Digital Insight President/CEO and Chairman John Dorman said if "retiring" means not working full-time for a single company where you get a regular paycheck, then that's what he's doing. But he plans to be very active in the next stage of his life. At 52, Dorman said...

  • CUNA Pleased with Combination of Investment Changes in Reg Relief, NCUA Regulation

    WASHINGTON-While CUNA Chief Economist Bill Hampel explained that there is nothing earth shattering in NCUA's new investment regulation, he added that that was because there is little the agency can do within the narrow scope of the law. "There are pretty firm restrictions on what a federal credit union is...

  • Carolina Collegiate FCU, Accel Partner for Financial Education

    COLUMBIA, S.C. - Carolina Collegiate Federal Credit Union has joined forces with Accel Members Financial Management to offer members and their families unlimited access to free financial education and counseling services. The Accel program helps members with personal and family budgeting; credit report reviews; money management; debt repayment; and avoiding...

  • Aloha From Alexandria, Virginia

    It's not often you see NCUA leaders decked out in Hawaiian garb - especially if they're not in Hawaii. In this shot Anita Santarelli, Production Manager for Counter Intelligence Associates works around NCUA Chairman Dennis Dollar's leis to adjust his microphone. Dollar took advantage of videoconferencing to address NAFCU's Annual...

  • POD Accounts: There is Nothing to it

    ALEXANDRIA, Va.- Payable-on-death accounts are not a required offering of federal credit unions, but NCUA Associate General Counsel Sheila Albin said she did find it odd that a credit union did not. "While the FCU Act does not require FCUs to provide POD accounts, we find it unusual for an...

  • NCUA Chairman Visits UT Federal Credit Union

    KNOXVILLE, Tenn. - NCUA Chairman Dennis Dollar took time out of his travels to stop by UT Federal Credit Union and discuss the credit union's future plans with a recently approved 40-Census tract Underserved Charter. UTFCU can now serve over 118,000 residents in the 40 underserved tracts surrounding its headquarters....

  • Federally Insured Credit Unions Continue to Plod Successfully Through Low-Rate, Low-Lending Environment

    ALEXANDRIA, Va.-According to preliminary Call Report data from NCUA, federally insured credit unions experienced more than 5% savings growth in just the first quarter of 2003. First mortgages grew 3.7%, or $104.4 billion, in the first three months of the year. Used car loans also increased 2.3% or nearly $74...

  • Second Home Ownership on the Rise

    According to the Bureau of Labor Statistics second-home sales are skyrocketing. Owners of these types of vacation properties spend an average of $3,200 a year on such expenses as mortgage interest payments and property taxes, as well as maintenance, utility, security and insurance costs. Here is a look at just...

  • New Voting Poll: Who is the Competition?

    WEST PALM BEACH, Fla. - Just where do credit unions see their greatest competitive threats coming from? The big banks and community banks are out there, but what about other credit unions and brokerage firms? Let us know. Go to www.cutimes.com to cast your vote in the latest Credit Union...

  • EECU Creates Buzz with Gunsmoke Deputy

    CLOVIS, Calif. - There's a new 900-pound "guard" at Educational Employees Credit Union and he's creating quite a buzz. Positioned at the front entrance of the $869 million credit union is none other than legendary "Gunsmoke" Deputy Marshal Festus Haggen-well actually his statue. "It's amazing how much interest it's sparked...

  • Callahan Survey Finds CUs Could Attract More Auto Loans Through Better Web Info

    WASHINGTON - A Callahan & Associates online survey found that more than 70% of credit union online members are using online information sources to research purchasing and financing automobiles. Only half of them selected the credit union Web site as the first source. Forty-two percent more said they didn't think...

  • CUNA Insert to Highlight ATM Safety

    MADISON, Wis. - A new statement insert from CUNA will highlight measures that credit union members can take to keep their ATM use free of fraud. The statement will focus on standard ATM dangers like muggings, purse snatchings and card theft and will advise credit union members to never write...

  • Bank of America Stepping up Efforts in Hispanic Market

    PHOENIX, Ariz. - Bank of America is tapping into homeownership dreams of Hispanics here by hosting the "Hispanic Home Show." The program is the bank's first free major homebuyer education effort conducted entirely in Spanish. The Bank of America Hispanic Home Show will feature educational seminars that will cover housing...

  • CUs Recognized for Marketing Cards

    CLEARWATER, Fla. - The $133 million NuMark Credit Union mailed prospective cardholders a magic wand with an application for the credit union's cards inside as a way of building interest in its card program. The Joliet, Illinois-based institution was one of the credit unions recognized for its marketing efforts by...

  • CUES Up for Kids: Financial Suppliers Forum Auction Nets $4,500 for CMN

    MADISON, Wis. - A silent auction held at a CUES gathering raised nearly $4,500 for the Children's Miracle Network. The auction was held at the recent CUES Expo 2003 and CUES Marketing, Operations and Technology conference. The auction featured items donated by member firms of the CUES Financial Suppliers Forum...

  • Heritage FCU Launches Youth Affinity

    NEWBURGH, Ind. - Heritage Federal Credit Union has launched a Youth Affinity Program to benefit the Evansville Vanderburgh School Corporation Extracurricular Fund. From June 1 through August 1, Heritage FCU will donate $5 per new checking account and up to $100 per every new loan to the EVSC ECA Fund....

  • NAFCU Starts Up Emeritus Program

    ARLINGTON, Va.-Retired credit union officials, staff and volunteers who want to stay in the loop have a new avenue through NAFCU. The NAFCU Emeritus Program offers credit union community alums information and services to keep you informed and in-touch with the people and organizations important in credit union land. As...

  • ICBA's North Promoted to CIO

    WASHINGTON-The Independent Community Bankers of America recently announced the promotion of Dewite North to the position of chief information officer. In his new post, North is responsible for ICBA's business technology systems and infrastructure and those of the trade group's five subsidiaries. He has been with ICBA since 1999, initially...

  • Mica Vehemently Objects to ABA Consultation in GAO's CU Study

    WASHINGTON-CUNA President and CEO Dan Mica recently wrote the General Accounting Office outlining CUNA's opinions on key issues anticipated in its study of the credit union system. The letter to Comptroller General David Walker, responding to previous inquiries from GAO, highlights credit union efforts to serve the underserved as well...

  • Fort Campbell FCU Participates in Fannie Mae Home Buying Pilot for Soldiers

    CLARKSVILLE, Tenn. - Soldiers throughout the U.S. who have considered buying a home but couldn't afford the downpayment or had poor credit may find it easier thanks to a program introduced by Fannie Mae and being piloted with soldiers in Tennessee and Kentucky with the assistance of Fort Campbell FCU....

  • NCUA Finds Matricula Cards Acceptable ID

    ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar wrote a letter to Congressman Rubn Hinojosa (D-Texas) earlier this month stating that the matricula consular cards are an acceptable form of identification at credit unions under the U.S.A. Patriot Act. The congressman had raised questions about the Mexican identification cards during an earlier hearing...

  • Fannie Mae Extends Agreement with Prime Alliance to 2011

    WASHINGTON - The current strategic alliance between Fannie Mae and Prime Alliance Solutions doesn't expire for another three years, but Fannie Mae has decided not to wait until 2006 to renew its relationship with the Tukwila, Wash.-based mortgage CUSO. In a move Prime Alliance officials say is a show of...

  • Orange County's CU SEGs Flip Over Lunch

    SANTA ANA, Calif. -Orange County's Credit Union has taken "doing lunch" with select employee groups to a new level. As part of its marketing efforts to reach targeted SEGs, the $580 million credit union treated over 1,000 existing and potential SEGs to a free lunch. Dubbed an In-N-Out Lunch, the...

Quotes Worth Quoting

  • Quotes Worth Quoting

    "I do not wish to see Congress lower the standards. In fact, I would strongly oppose lowering the bar. It just seems to me that the PCA standards, to be most effective in encouraging better risk management by credit unions, should be based on a percentage of at-risk assets, not...

In Other News

  • DONATIONS

    Santa Ana Federal Credit Union, Calif., has donated $1,000 to benefit the Children's Miracle Network. The funds were raised by selling five-dollar Candy Safes. Virginia Credit Union, Richmond, employees have volunteered their time to help second and third grade students from Patrick Henry Elementary School bring their reading fully to...

  • MILESTONES

    State Employees Credit Union, Lansing, Mich., employees received a special surprise visit from Governor Jennifer M. Granholm. SECU representatives were making business development calls to promote the credit union's products and services to state of Michigan employees when the Governor made her appearance. Point Loma Credit Union, San Diego, has...

  • AWARDS

    Marion & Polk Schools Credit Union, Salem, Ore., has been singled out by the Association of Retired Person's Driver Safety Program for its senior member education efforts. Over the past decade MaPS CU has hosted two classes each year and paid members' enrollment fees. Each of the classes graduates some...

Tech Bytes

  • Tech CU Implements MemberBridge Suite

    SAN JOSE, Calif. - Technology CU has partnered with Corporate Network eCom for its MemberBridge suite of products. The suite includes bill payment, OFX connectivity, and an ACH transfer application. "MemberBridge gives us increased control over our Internet-based applications. We can now offer technology-savvy members a full range of online...

  • Andrews FCU Chooses eFunds to Drive U.S., Europe ATMs

    SCOTTSDALE, Ariz. - The $650 million Andrews FCU has selected eFunds Corporation to drive its ATMs and network access in the U.S. and Europe. Prior to this AFCU controlled the driving of their ATMs, but will now outsource that function to eFunds. The CU said it chose eFunds primarily for...

  • New CUSO to Focus on Call Centers, Shared Branching, and Others

    KENTWOOD, Mich. - A new CUSO that will focus on creating financial, managerial and financial solutions for its networked credit unions has been created in western Michigan, and its board and first president have been named. Scott Collins, a veteran of IBM AS/400 sales and management, is the president of...

  • CFS Unveils CAM

    SAN DIEGO, Calif. - CUSO Financial Services,LP (CFS) has launched a new wWeb-based managed account platform. The CUSO Asset Management (CAM) platform will help CFS investment advisors allocate their client's funds to specific money managers via the Web. CAM will help prepare client proposals, run portfolio diagnostic reports, make change...

  • CU*Answers Adds Non-Member, Courtesy Pay Services to Core Platform

    KENTWOOD, Mich. - CU*Answers said it will be adding non-member teller services and non-return checking programs to its flagship software product - CU*Base. The core-processing CUSO formerly known as WESCO says its non-member teller services will be a standard feature offering check cashing and other over-the-counter services to non-members, and...

  • DSI Calls LoanMagic First Fully-Integrated Contact System for Mortgage Officers

    CARSON, Calif. - Document Systems Inc. has released what the company calls the first fully integrated customer contact management system specifically for mortgage loan officers. LoanMagic handles lead management, client information, loan comparison, meeting scheduling, loan comparisons, rate locks and report transfers between clients and contacts. The new solution interfaces...

  • U.S. Central Protecting Systems with eEye

    LENEXA, Kan. - The corporates' corporate is using eEye's SecureIIS Application Firewall to protect its systems. U.S. Central Credit Union has implemented the solution to protect its approximately 20 Microsoft IIS Web servers. eEye is an enterprise security firm based in Aliso Viejo, California. SecureIIS operates within Microsoft IIS to...

  • OSI Lands Bethpage FCU, Adding to List of Big Conversions

    GLASTONBURY, Conn. - Open Solutions Inc. has landed another big credit union for its core processing services, signing on $1.5 billion Bethpage FCU on Long Island. It will be the largest technology conversion in New York credit union history, the company says, and comes on the heels of OSI's core...

  • Fiserv/FSV Cardholders Can Utilize Payroll Debit Cards Via Allpoint

    BROOKFIELD, Wis. - Fiserv announced that an agreement providing for surcharge-free ATM transactions for its payroll debit card programs has been signed between Financial Stored Value (FSV) Payment Systems Ltd. and ATM National, operator of Allpoint, a nationwide network of 23,000 surcharge-free ATMs. Access for Fiserv and FSV cardholders at...

  • CUSOs can Develop DP Software for CUs but Cannot Invest in LLC to do the Same

    ALEXANDRIA, Va.-Credit Union Service Organizations are permitted to develop data processing software to license to credit unions but generally cannot invest in a limited liability company for the same purpose, NCUA wrote in a recent legal opinion letter. Currently, a federal credit union can invest up to 1% in aggregate...

  • CSI to Acquire ATTUS Technologies

    PADUCAH, Ky. - Computer Services, Inc., a large bank processor, has signed a definitive agreement to acquire ATTUS Technologies, Inc., a leading provider of technology-based compliance solutions for banks, credit unions, insurance companies and securities firms. The acquisition is expected to close by May 30, 2003. Terms of the acquisition...

  • Online Bill Payment May Exceed $200 Billion in 2003, NACHA Says

    HERNDON, Va. - NACHA - The Electronic Payments Association NACHA estimates that the dollar amount of online bill payments could surpass $200 billion in 2003. "Online bill payment is now a mainstream consumer activity," said Elliott C. McEntee, President and Chief Executive Officer of NACHA. "Tens of millions of consumers...

  • Paragon Services Names DigitalMailer Preferred E-Services Vendor

    HERNDON, Va. - Paragon Services Inc., a wholly-owned CUSO of Paragon FCU, was named the CUSO's preferred vendor to provide digital communications products to the list of e-services the CUSO offers to its 100 credit union-related clients. Under the marketing alliance, DigitalMailer will offer its e-strategy products such as newsletters,...

  • Meadows CU is Latest CU to Partner with CashEdge

    ARLINGTON HEIGHTS, Ill. -Meadows Credit Union is the latest to partner with CashEdge, a facilitator of online money movement between institutions. Through the relationship new members can open an account with Meadows instantly via the CU's Web site. Members will also be able to transfer funds between any two accounts...

Letters to the editor

  • Bentley Networks' Check Delivery More Timely

    In the May 14, 2003 issue of Credit Union Times, I was quoted in an article written by Elaine Barr titled "CU Control - Indirect Lending CUSO Purchases Bentley Networks Credit Union Member Lending Colorado/Wyoming Program." The quote was "When CUILA dealt through Bentley Networks it typically took one to...

People

  • SOUTHWEST

    Fort Bliss Federal Credit Union, Texas, has named Brandy Bermes assistant vice president for Internet services.

  • EAST

    Olean Area Federal Credit Union, N.Y., has appointed Daniel R. Rourke CEO. Chartway Federal Credit Union, Virginia Beach, Va., has named Celia Woodham Director of Operations. Maine Credit Union League, Westbrook, has named Jane Thomas director of education. Citadel Federal Credit Union, Thorndale, Penn., has elected Kevin L. Gravatt board...

  • MIDWEST

    Landmark Credit Union, New Berlin, Wis., has named Julie Cooper business loan officer and Michelle Polacheck training and development officer. Missouri Credit Union Association, St. Louis, has named Bob Ruh director of plastic card sales/implementations. Motor Parts Federal Credit Union, Auburn Hills, Mich., has named Robin R. Johnson executive vice...

  • WEST

    Kitsap Credit Union, Bremerton, Wash., has named Marianna Nye Puget Sound Naval Shipyard branch manager; Brenda Peterson support services manager and Kathy Thompson Poulsbo branch manager. Hawaii State Federal Credit Union, Honolulu, has elected the following officers to its board: Beverly Ing Lee, chair; Andrew Endo, vice chair; Louise Akamine,...

  • SOUTH

    Insight Financial Credit Union, Orlando, Fla., has named Heike Collins Oviedo branch manager. In addition Insight Financial CU has promoted Barbara Lay to call center branch manager. Georgia Federal Credit Union, Atlanta, has promoted Daveeth Svansson to Northlake branch manager and Lori Young to assistant branch manager. Volunteer Corporate Credit...

News

Opinion

Publisher's Column

  • The Number of Questions Keeps Increasing

    Like many persons involved in credit unions, I work hard to keep current with the ever-lengthening list of credit union issues. Yet, it often seems that the more information I digest, the more I end up with more questions than answers. Questions like these: What will it take for lawmakers,...

Billlionaires Club

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