Credit Union Times Magazine April-07, 2004

In Other News

  • BRANCHING OUT

    US Airways Federal Credit Union, Pittsburgh, Pa., Information Systems Supervisor Wendy Kingsland, has been elected president of the Pittsburgh Chapter of the Pennsylvania Credit Union Association. Steel Works Community Federal Credit Union, Weirton, West Virginia, has elected Kenneth W. Truax, chairman; John R. Thayer, vice chairman; and William E. Teaff,...

News

News Briefs

  • North/South Dakota League Consolidation `On Track"

    SIOUX FALLS, S.D. - The planned consolidation of the North and South Dakota Leagues by yearend is "on track" with hiring of a new president/CEO now slated for June 1, it was disclosed. The deadline to receive resumes for the position as agreed on by the joint boards of the...

  • NASCUS Encourages Abernathy to Support CU Capital Reforms

    ARLINGTON, Va. - NASCUS President/CEO Mary Martha Fortney recently penned Treasury's Assistant Secretary for Financial Institutions Wayne Abernathy a letter reiterating its support of allowing federally-insured credit unions to augment their capital by being allowed to count supplemental capital as part of their PCA-defined "net worth" and encouraging him to...

  • Hershey FCU CEO Heads Philadelphia Federal Reserve Bank CU Council

    HERSHEY, Pa. - Hershey Federal Credit Union President/CEO Diana Roberts has been appointed to serve as the chair of the Federal Reserve Bank of Philadelphia's Credit Union Council. Consisting of CEOs from Pennsylvania, New Jersey and Delaware, the 12-member council provides input and feedback to the Federal Reserve Bank on...

  • CU Rep Named to FASB Small Business Advisory Committee

    NORWALK, Conn.-Scott Waite, chief financial officer for Patelco Credit Union, was recently named to the Financial Accounting Standards Board's new Small Business Advisory Committee. The 24-member committee was established to increase the small business community's involvement in developing U.S. accounting standards. Committee members include lenders, investors, analysts, and preparers of...

  • CUs Gear Up for 2004 Cherry Blossom 10-Miler

    WASHINGTON-Approximately 8,500 runners were scheduled to race through Rock Creek Park last Sunday in the 32nd annual running of the Credit Union Cherry Blossom 10-Mile Run. In Credit Union Miracle Day, Inc.'s third year as title sponsor of the run, the group, which is made up of 66 credit unions...

  • CUNA Tries to Pump Life Into Senate Reg Relief Bill

    WASHINGTON - CUNA President and CEO Dan Mica wrote a letter to Senate Banking Committee Chairman Richard Shelby (R-Ala.) encouraging the committee to get a bill passed this congressional session. The March 25 letter pointed to the House's overwhelming vote (392-25) to pass H.R. 1375, the Financial Services Regulatory Relief...

Tech Bytes

Opinions

  • A "Personnel View" of Member Business Loans

    Many credit unions are looking for a "quick fix" to offer Member Business Loans. That translates to simply hiring an ex-banker looking for a new lease on life and telling them to run with it. That's the thinking we're seeing. In many credit unions, and (it's scary!) it's not just...

Letters to the editor

  • Blaine Did Credit Unions a Disservice-Big Time

    Relax Mike, you're were not alone! It was such a relief to see Mike Welch's March 3 column on the GAC ("GAC Again Setting for [Mostly] Highlights") and related article on the Blaine/Fergeson debate. For a while I thought we were alone out there. I was waiting for the edition...

  • CUs to Blame for Slowdown In Membership Growth

    Mike Welch's March 10th column regarding the slowdown in membership growth ("Slowdown in Membership Growth Makes No Sense") certainly makes no sense except if we look at what is taking place in many, many credit unions. I think his statement regarding loan denials and delinquency rates being too low is...

  • One Possible Reason for Low Member Growth

    Mike Welch's column in the March 10th issue is right ("Slowdown in Membership Growth Makes No Sense"). Credit unions should be doing more to bring in new members. One reason that has surfaced from time to time to explain why this hasn't happened is that joint owners on an account...

  • Value to Using In-House Created Advertising

    As a marketer with a passion for the credit union movement, I enjoyed Mike Welch's March 24 column, "From Humble Beginnings, Marketing Has Arrived.But", and I share his dismay at some things I also observed at the recent CUNA Diamond Awards. It's disturbing to think that a clip-art billboard can...

  • Give Credit Where Credit is Due, Banker Ad Well Executed

    The side-by-side ads on the front page story of the March 17 issue ("Dueling Ads: Banks and Credit Unions Take Arguments to Print") really got my attention. You don't have to agree with the bankers' position (message) to appreciate their superb ad (medium). It's masterful - great graphic, attention-grabbing color,...

Opinion

  • Credit Unions Can Help Save "Generation Debt"

    While millions of American children are away at college, are you aware how rapidly their credit card debt is growing? From the time they arrive on campus until graduation, students' overall credit card debt doubles. Amazingly, college students hold an average of four credit cards. And while student credit card...

People

  • SOUTH

    Jefferson Parish School Board Employees' Credit Union, Harvey, La., Director of Marketing Mia Perez has been elected to the CUNA Marketing and Business Development Council's executive committee. GulfWinds Federal Credit Union, Pensacola, Fla., has elected the following officers to its board: Fred Houston, chairman; R.L. Owsald, Sr., 1st vice chairman;...

  • WEST

    Eagle Community Credit Union, Lake Forest, Calif., has promoted Amy McCasland to Lake Forest branch manager and current Placentia Branch Manager Andrea Alcala to Rancho Santa Margarita branch manager. Kitsap Credit Union, Bremerton, Wash., has named Connie Rouse PSNS branch manager. Riverside County's Credit Union, Calif., has named Karen Gracia...

  • MIDWEST

    Michigan Credit Union League, Northville Township, has named Stephen Orr, compliance officer and associate counsel and Alan Babcock vice president of strategic consulting services. Security Federal Credit Union, Flint, Mich., has promoted Ginny Anspaugh to vice president communication center. Credit Union ONE, Ferndale, Mich., has elected the following officers to...

  • EAST

    US Airways Federal Credit Union, Pittsburgh, Pa., Information Systems Supervisor Wendy Kingsland, has been elected president of the Pittsburgh Chapter of the Pennsylvania Credit Union Association. Steel Works Community Federal Credit Union, Weirton, West Virginia, has elected Kenneth W. Truax, chairman; John R. Thayer, vice chairman; and William E. Teaff,...

Beyond the Job

Marketing

Publisher's Column

  • Fraud, Dopes, Dumb, Pigs, Kudos, Cuba, Youth, and More

    It's time once again to take a potpourri look around the world of credit unions with some comments on a crazy variety of unconnected topics. In an apparent attempt to assist those actively engaged in identity fraud do a better job, a publication that shall remain nameless to protect the...

Billlionaires Club

In Memoriam

Publisher's Notebook

  • CEO of the Year

    There are plenty of opportunities for credit union CEOs to be recognized for their individual accomplishments. But none of the current competitions for top CU CEO honors is free of sometimes intimidating nomination procedures. Or without some sort of catorgorization. Or completely devoid of organizational politics. That's why Credit Union...

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