Credit Union Times Magazine August-04, 2004

In Other News

  • DONATIONS

    Pacific Service Credit Union, Walnut Creek, Calif., donations have helped enable Sonoma County Regional Parks Foundation to provide a summer education and leadership program for disadvantaged youth ages 6 to16. The SAFE Summer/Swim Safe program is offered free of charge to children from low-income neighborhoods in Santa Rosa in collaboration...

  • SCHOLARSHIPS

    American 1 Federal Credit Union, Jackson, Mich., has awarded eight high school graduates with $1,000 scholarships based on essays written about each student's commitment to altruism. This year's receipients include Lucas Vanderpool, Ryan Cherry, Kari Williams, Lucas Laura Frantz, Megan Fitzpatrick, Amanda Hoath, Sarah Harding, and Ben Wilson.

  • AWARDS

    The Louisiana Credit Union League, Harihan, has recognized La Capitol Federal Credit Union President/CEO Susan Leake with the Louisiana credit union movement's Political Involvement Award. The award honors a dedicated individual who has actively supported the ideals and principles of the credit union movement by working to promote favorable legislation,...

News

  • DFCU Financial Opens Canton Branch, Makes $10,000 School Donation

    CANTON, Mich. - To commemorate its new North Canton branch and demonstrate its commitment to supporting the community, DFCU Financial has donated $10,000 to the Plymouth-Canton Community Schools Education Excellence Foundation. "The successful opening of this branch not only marks a step in our growth, but it also affirms our...

  • Transtar FCU Making its Mark in Competitive Houston Market

    HOUSTON - With competition as fierce as it is here and convenience key to member satisfaction, Transtar Federal Credit Union has recently opted to make a few strategic branching moves. After changing its name from Transco FCU earlier this year, the $36 million credit union turned its eye to reaching...

  • St. Louis CCU Reaches Out to Members with New Branch

    FLORISSANT, Mo. - St. Louis Community Credit Union has recently held an open house for its Florissant branch located across from Christian Hospital Northwest. According to St. Louis CCU Senior Vice President of Marketing/Business Development Skip Brown, with many area resident members asking for a branch closer to their homes...

  • Facing the Music

    Bankers in Wisconsin will soon have to pay up after regulators find them sheltering taxes through Nevada subsidiaries. Page 6.

  • GCFFCU Celebrates Fourth Branch Opening

    CLEVELAND- Despite a sluggish economy, the Greater Cleveland Fire Fighters Credit Union (GCFFCU) has celebrated the grand opening of its fourth branch complete with bag pipers. Some 200 members attended the grand opening celebration and after a ribbon cutting ceremony which include the melodious sounds of a bag pipe, members...

  • SACU Creates "Home Away from Home" for Members

    SAN ANTONIO - After a five-month long renovation San Antonio Federal Credit Union (SACU) has celebrated the grand re-opening of its remodeled Windsor Branch. "The concept for the remodeling is to make SACU a `home away from home' for members," SACU President/CEO Jeff Farver. "Every change is aimed at making...

  • Special Report: Facilities

    See the variety of ways credit unions across the country are branching out in a Facilities special report on pages 22-24.

  • MemberSource CU Goes Free-standing

    HOUSTON - After 46 years MemberSource Credit Union will open the doors to its first free-standing branch here. Designed by German McCleary, the 25,000-square-foot Westchase location features a full-service lobby on the first floor and administrative and operational departments on the second floor. The retail area of the new facility...

  • Toledo Area Community CU Opens Fourth Branch

    MAUMEE, Ohio - Toledo Area Community Credit Union (TACCU) has recently opened the doors on its fourth branch. Designed to be high tech yet inviting, the Briarfield facility features two-way video monitors at the drive-thru lanes, a lock box system which uses personal identification codes as well as a hand...

  • Redwood CU Branches Out in Santa Rosa

    SANTA ROSA, Calif. - Redwood Credit Union has opened its fourth Santa Rosa branch at the Safeway Shopping Center. Built for member convenience, the new location is full-service and includes new accounts, loan, teller, financial management and insurance services, plus a walk-up ATM, safe deposit boxes, and Monday through Saturday...

  • First Capital FCU Branch Plays Up History

    YORK, Pa. - In an area steeped in American history, First Capital Federal Credit Union's branch here makes the most of an Americana theme in a retail environment. Designed by Cincinnati, Ohio-based design/build firm DEI, Incorporated, the two story, 16,300 square-foot branch incorporates retail elements, such as a community kiosk,...

  • North Island CU Creates Tropical "Getaway" for Trainees

    CHULA VISTA, Calif. - North Island Credit Union has infused its training room with a little "island spirit." "The Island-themed employee training room is visually instrumental in introducing our new employees to our corporate culture and vision as an organization," said North Island CU Executive Vice President Member Relations Geri...

  • New HQ for KC Police CU

    KANSAS CITY, Mo. - KC Police Credit Union has kicked off its new headquarters branch by cutting a $200 ribbon of money that was donated to the Police Care Team. To commemorate the event, a plaque that features the names of board and supervisory committee members was unveiled.

  • Spokane Teachers Credit Union Provides $4.37 Million in Financing for Historic Building

    SPOKANE, Wash. - In its largest loan transaction to date, Spokane Teachers Credit Union is doing its part to preserve one of the area's historic fixtures. The credit union recently provided $4.37 million in financing for the 74,521-square foot Peyton Building, named for Colonel Isaac Peyton, a land developer who...

News Briefs

  • Vermont League President Named CUNA Director

    MONTPELIER, Vt. - Joseph G. Bergeron, president of the Vermont Credit Union League, has been elected to a three-year term to serve as the District 1, Class D representative of the CUNA Board of Directors. District 1 encompasses all the New England states, New Jersey, New York, Pennsylvania and Puerto...

  • Judge Postpones Hearing in Missouri FOM Case One Week

    JEFFERSON CITY, Mo. - Judge Richard Callahan postponed until Aug. 4 at 3 p.m. reviewing motions filed by the bankers concerning credit union field-of-membership expansion. Judge Callahan was originally supposed to review the motions July 27, but Amy McLard, VP, public/legislative affairs for the Missouri Credit Union Association, said he...

  • Capital Communications FCU's Dennis Halpin Resigns

    ALBANY, N.Y. - After 20 years at Capital Communications Federal Credit Union, Dennis Halpin resigned as president/CEO on July 31. Halpin came to the credit union in 1984 as manager of accounting and was promoted to executive vice president in 1989. For the past 10 years, he has served at...

  • NCUA Announces Second Economic Empowerment Summit

    ALEXANDRIA, Va. - NCUA Chairman JoAnn Johnson announced that the agency would be holding the second in a series of Access Across America Economic Empowerment Summits in Albuquerque, New Mexico on Sept. 13. "The summit will bring together the public and private sectors to discuss the important issues of economic...

  • CORRECTION

    In the issues of July 14 and 21, the stories entitled "Credit Union Tax Exemption Continues to Gain Support" and "Ways and Means Committee Members Express Support for Credit Union Tax Exemption," both referenced a letter from President George W. Bush to CUNA and NAFCU in support of the tax...

  • GAO Study Undecided on Secondary Capital for CUs, Expected Out Soon

    WASHINGTON-The Government Accountability Office's report concerning secondary capital for credit unions, is not going to be a ringing endorsement in favor of the option, according to one lobbyist. CUNA Vice President for Legislative Affairs and Senior Legislative Counsel Gary Kohn told Credit Union Times that reliable sources have informed him...

  • Massachusetts House Passes CU Deposit Bill

    BOSTON - The Massachusetts House of Representatives passed a bill July 22 - House 483, An Act Relative to Credit Union Deposits - that seeks to increase the maximum deposit limitations for state-chartered credit unions and to delete the outdated 6% per annum interest rate cap on deposits. The bill,...

  • Kitchen and Goodwin Meet Again

    MADISON, Wis. - CUNA Mutual President and CEO Mike Kitchen and Office of Professional Employees International Union President Michael Goodwin held their second face-to-face meeting in less than a month in New York on July 19. The two were meeting about the labor dispute at CUNA Mutual where the company...

Marketing

  • MGI Taps Hartung to Head Madison Operations

    MADISON, Wis - Malahat Group International (MGI), the advertising agency behind the national brand campaign for America's Credit Unions since 1998, is moving into Madison with former CUNA Director of National Marketing Annette Hartung. Hartung is the new U.S. Account Director for the 26-year-old agency, which has done work for...

  • Texans CU Scores Winning Goal with Soccer Facility Sponsorship

    DALLAS - Texans Credit Union has become a signature partner of the Frisco Soccer & Entertainment Center. In addition, the credit union will be the title sponsor of the Texans Credit Union Walk of Fame, which will be located in the heart of the facility and will recognize individuals who...

  • CME FCU Donates $10,000 to Museum

    COLUMBUS, Ohio - CME Federal Credit Union has donated $10,000 to fund an exhibit at the Central Ohio Fire Museum & Learning Center. The donation will fund a display that teaches children about how fires can start in the kitchen area of the home and will hopefully provide fire prevention...

  • RCCU's McManius Honored as Woman of Achievement

    RIVERSIDE, Calif. - Riverside County's Credit Union Senior Vice President of Marketing/Business Development Ricki McManuis is one of six women named as the YWCA of Riverside County's Women of Achievement. According to YWCA of Riverside County Board President Carol Greene, the women embody the mission of the YWCA-to empower women...

  • Bellco CU Helps Needy with $25,000 Donation

    DENVER - Bellco Credit Union has lent a helping hand to Denver's needy children with a recent $25,000 donation to children's shelter Mount Saint Vincent. The funds raised during Bellco CU's annual charity golf tournament will be used toward a $2.5 million campaign for Mount Saint Vincent's nearly completed new...

  • TruWest CU Launches "Ask Lenore@TruWest"

    TEMPE, Ariz. - Who needs Suze Orman or financial "tips" from friends when TruWest Credit Union offers Ask Lenore@TruWest? For the past year TruWest Vice President of Marketing Lenore Froelich has been offering financial advice on local television show Your Life A to Z. The popular hour-long show airs every...

Tech Bytes

  • NCUA Sounds ATM Upgrade Warning

    ALEXANDRIA, Va. - NCUA has joined the CO-OP Network and other ATM industry authorities in reminding credit unions that they have to have all their ATMs up and running with the new encryption standards before the end of 2005. The letter to credit unions didn't reveal anything new about the...

  • $1.2 Billion SEFCU Converts to ULTRADATA

    ATLANTA - The $1.2 billion SEFCU based in Albany, N.Y. recently converted core processing platforms from Fiserv's AFTECH to Harland's ULTRADATA. The new system is run on a UNIX-based Hewlett-Packard 9000 rx5670 system and the jBASE database management system. The CU cited ULTRADATA's openness as one of the reasons for...

  • Fraud Web Session Draws Large Crowd

    CLEARWATER, Fla. - More than 80 credit unions logged on to participate in a Web seminar on how to counter card fraud offered by Card Services for Credit Unions and card processor Certegy. CSCU is the association of credit unions that process their card transactions with Certegy. The Web seminar...

  • Buying Spree: OSI Acquires Remittance Specialist Omega Systems

    GLASTONBURY, Conn. - Open Solutions Inc. is continuing its acquisitive ways, this time buying remittance/lock box specialist Omega Systems Corp. of North America for $2.5 million in cash. The Dryden, N.Y., company will become part of OSI's imaging and item processing business unit, imagic, as OSI, like other firms in...

Special Report

Letters to the editor

  • It's Time for Union and CMG to Settle Dispute

    I've been following Credit Union Times' coverage of the labor situation between the Office of Professional Employees International Union Local 39 and CUNA Mutual, especially the article in your June 23 issue ("CUNA Mutual and Union Still at Odds; AFL-CIO Initiates Letter Writing Campaign on Behalf of Union") and a...

  • Bankers' Fight Never Changes

    Thanks, Mike Welch, for the great column in the July 14th issue of Credit Union Times - "Some Things Never Change." It prompted me to check my archives. Back in 1966 when I became General Manager of the University Faculty CU in Madison, Wis., I was given a letter from...

  • Hats Off to the CU Times Team

    I have been out of the office a few days, and in the course of catching up on my reading. I came across the July 14th "master" 144-page issue of Credit Union Times. All I can say is the accolades that the Credit Union Times editorial team earn from its...

  • Growth is Indeed Coming From Underserved Areas

    I agree with Mike Welch's July 28 column, "NAFCU Returns From North of the Border a Winner" that as a whole credit union membership is not growing. The point I was trying to make from the podium in Vancouver is, however, that during 2003, credit unions that added underserved areas...

Looking Back

  • Credit Union Times Vol. 3, No. 31 August 5, 1992

    Looking back 12 years ago finds private insurers divided on whether to write their own disclosures or continue to wait for disclosure regulations. While the Washington Credit Union Share Guarantee Association has opted for the former, American Share Insurance is attempting to persuade the Federal Trade Commission to engage in...

Opinion

Publisher's Column

  • All States Need to Garner Congressional Support

    The number one purpose of any state and national trade association is to engage in an effective advocacy effort on behalf of its membership. Most leagues and national credit union trade groups realize that and are hard at work advocating and protecting credit union interests on every political scene that...

People

  • VENDORS

    Credit Union 24, a member-owned, full-service ATM and POS network provider, has elected the following directors to its board: Envision CU President/CEO Ray Cromer; Suncoast Schools FCU SVP Automated Services Maria S. Garcia; and CORE CU President Paul Simpkins.

  • EAST

    Vermont Federal Credit Union, Burlington, has named Lisa S. Geisweit assistant vice president of sales and service. Empire Corporate Federal Credit Union, Albany, N.Y., has named Elaine M. Angelo, director organizational development. American Eagle Federal Credit Union, East Hartford, Conn., has promoted Susan Bushnik to vice president human resources and...

  • IN MEMORIAM

    Security Service Federal Credit Union, San Antonio, Volunteer Director Gwen Sweeney has died at the age 67. Sweeney served 13 years on the SSFCU Board of Directors as a board member, a board secretary and 2nd vice chairman. She began as a volunteer with the credit union shortly after retiring...

  • MIDWEST

    South Division Credit Union, Evergreen Park, Ill., has named Martin Mitchell controller. US Federal Credit Union, Burnsville, Minn., has named Greg Kaiser director of business lending. Royal Credit Union, Eau Claire, Wis., has named Tom Etmund Chippewa Falls branch manager. Bayer Federal Credit Union, Elkhart, Ind., Vice President Operations/Sales Christine...

  • SOUTH

    State Employees Credit Union, Raleigh, N.C., has named Sue Douglas senior vice president/chief operations officer. Memphis Area Teachers' Credit Union, Tenn., has named Carla Bell Collierville branch director; Panya Martin Medical Center branch director; Myron Harris Cordova Kroger branch director; and Deborah Hughes Member Connect director.

In Memoriam

Advertisement. Closing in 15 seconds.