Credit Union Times Magazine November-19, 2003

News

In Other News

  • DONATIONS

    Capital Communications Federal Credit Union, has donated new backpacks filled with all the necessary school supplies to Joseph's House & Shelter Equinox Youth Shelter and St. Catherine's Marillac Family Center through its Capital Communications Cares Foundation. In addition, CCFCU provided dinner and 65 comfort bags to the residents of Joseph's...

  • MILESTONES

    Unity One Federal Credit Union, Fort Worth, Texas, has hosted a Meet Max-A-Million Day to kick off its new safari themed youth program. Max-A-Million is the Savings Safari Club zebra mascot for kids age 12 and under. Georgia Credit Union Affiliates, Duluth, credit unions in Atlanta participated in the first...

  • BRANCHING OUT

    Savannah River Plant Federal Credit Union, North Augusta, S.C., has celebrated the opening of its Pine Log Road branch. Designed by Summer/Wise Architects, the new facility includes an eight-lane drive-thru, drive up ATM and a transparent-walled "kiddy corner". Heritage Credit Union, Madison, has celebrated the official grand opening of its...

  • SCHOLARSHIPS

    DFCU Financial, Dearborn, Mich., has presented three high school graduates Founders' Scholarships. The recipients were selected based on outstanding academic achievement and service to the community. This year's winners include Karen Kudelko, $2,000 for up to four years; Justin Craig, $2,000; and Shira Stoorman, $2,000. Since introducing the Founders' Scholarship...

News Briefs

  • Alaska USA Trust Company Reaches $3 Billion in Assets

    ANCHORAGE, Alaska - Nearly six years after opening for business, Alaska USA Trust Company has surpassed the $3 billion in assets under administration mark. Alaska USA Trust, a wholly-owned subsidiary of Alaska USA Federal Credit Union, received its Certificate of Authority to transact trust business from the State of Alaska,...

  • FSCC Delivers Record $415,000 Patronage

    SAN DIMAS, Calif. - Financial Service Centers Cooperative, the national shared branching network headquartered on the West Coast, will distribute $415,000 in December to its member credit unions that acquired shared branching transactions in 2001. The payment represents part of the balance of the 2001 patronage still outstanding and is...

  • CU Direct Connect Reaches $1 Billion in Indirect Loan Volume

    DENVER - CU Direct Connect (also known as CUILA) has reached a milestone: the credit unions in the indirect lending program exceeded the $1 billion mark in loan volume on Oct. 29. What makes this achievement all the more special for the CUSO, said CUILA President/CEO Steve Anderson, is that...

  • PSCU Distributes $1.6 Million in Patronage

    ST. PETERSBURG, Fla. - PSCU Financial Services, the card services organization for over 500 credit unions that process their card transactions with First Data Corporation, will distribute $1.6 million in patronage to its member-owner credit unions. "Our commitment to share our returns with our credit union member-owners is a powerful...

  • Bankers Want to Copy Project ZIP Code? CUNA Says Bring it On!

    WASHINGTON-In American Bankers Association Senior Economist Keith Leggett's most recent Credit Union Monitor column, he encourages the banking industry to follow CUNA's lead in uncovering how many members/customers are in each congressional district. "The premise is that once lawmakers see how many credit union customers reside within their districts, they...

  • Brockton Credit Union Becomes HarborOne

    BROCKTON, Mass. - Brockton Credit Union members will now look to the Harbor. The $1 billion credit union has changed its name to HarborOne Credit Union. According to HarborOne CU President/CEO James W. Blake the new name represents the 86-year old credit union's commitment to "serving as a friendly, safe...

  • Rospond Named CU Times Northeast Correspondent

    WEST PALM BEACH, Fla. - Kathryn M. Rospond has been named the Northeast correspondent for Credit Union Times. She will be covering credit union and financial services industry news items and feature stories throughout the region. Rospond, 33, is a graduate of the Medill School of Journalism at Northwestern University...

Tech Bytes

  • CUNA Experimenting with Virtual Board Meeting

    WASHINGTON-For its quarterly board meeting in December, CUNA plans to try a Webcast for efficiencies sake. Because the Dec. 11 meeting will be held in cyber space, travel expenses and nonproductive time will be much reduced, according to CUNA Senior Vice President of Communications Mark Wolff. He added that CUNA...

  • Former WesCorp Techie Joins Financial Partners Credit Union

    DOWNEY, Calif - Patty Holcomb has joined Financial Partners Credit Union as the new Vice President of Information Technology. Holcomb is the former Director of Web Services and eCommerce for WesCorp. She has an extensive technical background in the financial industry, managing a wide-area network, infrastructure design, security risk assessment,...

  • Bellco and Bethpage Form Tech CUSO Focusing on the OSI System

    CENTENNIAL, Colo. - Two billion dollar-plus credit unions - Bellco CU and Bethpage FCU - are teaming up to form a new technology CUSO that will focus on products and support surrounding data processor Open Solutions' core system. Bellco is already on the OSI system, and Bethpage converted to OSI...

  • OSI's imagic Signs Six Clients

    GLASTONBURY, Conn. -Open Solutions Imaging Systems Inc. (imagic), has signed six clients to its item processing centers. imagic, a subsidiary of credit union data processor Open Solutions Inc., is a provider of checkimaging, COLD and document imaging technology centers. Full inclearing and POD capture, balance and posting are performed at...

  • Digital Insight Taps BankServ for Wire Transfers

    CALABASAS, Calif. - Digital Insight has named BankServ as its preferred partner for wire transfer processing. The new partnership combines Digital Insight's front-end AXIS(R) Cash Management solution with BankServ's back-office wire transfer technology. Digital Insight and BankServ will develop a real-time interface between their products enabling a complete end-to-end wire...

Opinions

Letters to the editor

Opinion

  • Check 21-A revolution in the making

    Check 21 is right around the corner-legislation that will revolutionize the check-processing world. It will certainly make its presence felt, from processors to banks and credit unions, and most important, on the consumer. The Check Clearing for the 21st Century Act is the official name of the legislation. It was...

Publisher's Column

  • BAI Name Change Might Attract More CUs

    There comes a time when growing organizations decide to change their names because the existing one no longer accurately describes who they are and what they do. Credit unions, for example, are currently going through this exercise in record numbers as their fields of membership undergo drastic change. A well-known...

Publisher's Notebook

  • Pick and Choose

    Credit union staff and directors could spend all day doing nothing but reading CU publications. But even if they had the time they really don't have to read everything available to them to keep up. When Credit Union Times was launched in 1990, a commitment to subscribers was made that...

Beyond the Job

  • Scare Therapy Howling Good Time for Glossenger

    For the past four years Patrick Glossenger has been leading a double life - River Bend Federal Credit Union President by day and werewolf by night. To the delight of local residents Glossenger "terrorizes" visitors to the Niles (Illinois) Haunted House Scream Park 22 nights a year. Glossenger is not...

  • Former NFL Player Alvin Cowans Passes the Torch

    When Alvin Cowans got the call this year that he would be inducted into the University of Florida's Athletic Hall of Fame, the president/CEO of McCoy Federal Credit Union was quite surprised, later sharing the stage in April with past inductee Emmitt Smith, the former Dallas Cowboy now Arizona Cardinals...

  • Tanimoto Appreciates Classic Writers' Tool

    When Hawaii Credit Union League President Dennis Tanimoto stopped by a friend's shop to pick up a Mont Blanc pen 20 years ago he had no idea that it would be the beginning of the hobby of a lifetime. "I needed to get ink for the pen so I stopped...

  • Harvey Squashes Out Gang Activity As Reserve Officer

    While most CEOs look forward to calling it quits on Fridays for a quiet evening at home or a leisurely jaunt on the town, Robert Harvey is preparing himself for an all-night patrol of notorious gang hangouts for drug deals and other illegal offenses. For the past 10 years, Harvey,...

  • NCUA's Eagan: a Model of Volunteerism

    ALEXANDRIA, Va.-For Laurie Eagan, NCUA Human Resource personnel specialist, volunteering her lunch break for underprivileged children is simply the right thing to do. For seven years now, once a week, she has made the trek from NCUA's Alexandria headquarters to nearby Jefferson Houston Elementary School to tutor kids on subjects...

  • NCUA Vice Chair Quilts Her Way To Relaxation

    ALEXANDRIA, Va.- "There's something nostalgic about quilts," says NCUA Vice Chair JoAnn Johnson. Particularly since her grandmother got her started on the hobby. "I've always been a sewer since I was in 4-H. I started piecing quilts between 20 and 25 years ago," Johnson explained. When she was in her...

  • CU Leaders Do a Lot `Beyond the Job'

    WEST PALM BEACH, Fla. - So many of the people appearing in the pages of Credit Union Times are known for just one thing - the role they play in the credit union industry. But what happens when they're not conducting credit union business? In Beyond the Job, Credit Union...

  • Gardner Feels Need for Speed

    GHS Federal Credit Union President/CEO Stephen Gardner has always been impressed with the Watkins Glen International Racetrack, and since he bought a new MINI Cooper this past February he's been racing on it. Since Gardner began taking racing lessons from the Genesee Valley BMW Car Club, his staff has said...

Billlionaires Club

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