Credit Union Times Magazine August-25, 2004

News

People

  • SOUTH

    Volunteer Corporate Credit Union, Nashville, Tenn., has named Jeffrey W. Merry chief investment officer. In addition, VolCorp has promoted Karla Donley to assistant vice president of marketing/member services. Members Credit Union, Winston-Salem, N.C., has named Carlos Patino member services representative, Hispanic division. Diamond Lakes Federal Credit Union, Malvern, Ark., has...

  • WEST

    California Credit Union, Glendale, Calif., has elected Scott J. Svonkin board director. Wauna Federal Credit Union, Clatskanie, Ore., has appointed Bruce Mallory president/CEO. First Tech Credit Union, Beaverton, Ore., President/CEO Tom Sargent has been elected vice chair/chair elect of the Children's Miracle Network. Meriwest Credit Union, San Jose, Calif., has...

  • SOUTH WEST

    GECU, El Paso, Texas has named Arturo Moreno vice president of small business lending.

  • VENDORS

    IBT, a design/build consulting firm, has named Tim Frantz chief operating officer; David Pool executive vice president; Doug Holt executive vice president for sales; and Barbara Marxer senior vice president of marketing.

  • MIDWEST

    Michigan Credit Union League, North Township, has named Ronald Martin credit union consultant. US Federal Credit Union, Burnsville, Minn., has named Rick Blood mortgage manager. Postal Credit Union, Woodbury, Minn., has named Joseph Dillard vice president of retail services. In addition, PCU has promoted Sandra Timp to West St. Paul...

  • EAST

    Holy Rosary Regional Credit Union, Rochester, N.H., has appointed Brian F. Hughes president/CEO. Financial Resources Federal Credit Union, Bridgewater, N.J., has appointed Lena Matthews president/CEO.

Quotes Worth Quoting

  • Quotes Worth Quoting

    "I set out to head away from the hurricane but then later, when I called my husband at home with the storm outside, he told me that they hadn't even had any rain." -Sue Chrzan, spokeswoman for Card Services For Credit Unions, relating how she inadvertently managed to put herself...

News Briefs

Special Report

  • Corporate CU GAO Study Draft Almost Ready

    WASHINGTON - While everyone is waiting on the GAO's report on credit unions and secondary capital, there's another report in the works that affects credit unions - the GAO's study of corporate credit unions. Originally coporates were supposed to be included with the GAO's report on credit unions released last...

  • Sherman Visits WesCorp, Addresses Secondary Capital; Corporates Hosting More Lawmakers This Year

    SAN DIMAS, Calif. - WesCorp played host to Congressman Brad Sherman recently (D-Calif.). Sherman is an important figure for credit unions because of his interest in giving credit unions secondary capital options. Sherman addressed the hot button topic. "I know there are a lot of credit unions that don't need...

  • Bank Branching Frenzy Creates Big Break for Credit Unions

    MANCHESTER, Mo. - Although a recent survey finds that banks are committed to building more branches, Charlene Stern, chief experience officer for design/build/branding firm NewGround says the time is now for credit unions to capitalize on "bankers' marketing malaise." "The current frenzy of branch-building is running ahead of some banks'...

  • West Virginia Credit Unions Have Access to Mid-States Item Processing Services

    WARRENVILLE, Ill. - West Virginia credit unions can now look to Mid-States Corporate for share draft processing. Mid-States and West Virginia Corporate have formed a partnership that gives West Virginia credit unions another processing option in the wake of the Fed announcing it is closing its Charleston, West Virginia office,...

  • VolCorp Begins Image Exchange

    NASHVILLE, Tenn. - VolCorp announced that it has started to exchange electronic images via Endpoint Exchange. FedEx Employees Credit Association FCU in Memphis, Tenn. was the first VolCorp member to transmit images. Image exchange is expected to proliferate in the coming years as changes brought on by Check 21 take...

  • Southwest Selects AFS for Image Exchange Software

    DALLAS - Southwest Corporate has partnered with Advanced Financial Solutions for image exchange. Specifically, Southwest is licensing AFS's xVision software. AFS xVision will provide the corporate's member CUs with a gateway to support and accommodate check image exchanges through the Federal Reserve's FedImage Services and CheckClear's Endpoint Exchange Network. A...

  • First Carolina Brings in Some Major Economic Minds for Conference

    GREENSBORO, N.C. - The $2.6 billion First Carolina Corporate Credit Union has rounded out its speaker list for its third annual 2004 Financial Conference set for Sept.16-17. Among the speakers are Chris Low, chief economist for FTN Financial, the investment arm of First Tennessee Bank National Association. Low appears often...

  • Tower FCU Branches Make Local News

    LAUREL, Md. - As one of the first credit unions in Maryland to use remote teller stations in its branches, Tower Federal Credit Union was recently featured on the evening news. Local ABC Channel 2 News Baltimore featured the $1.3 billion credit union's Ellicott City branch on its evening broadcast...

  • Southeast Corporate Helping CUs Hit by Charley

    TALLHASSEE, Fla. - As the home state corporate for Florida, Southeast Corporate FCU has been working overtime to help credit unions affected by Hurricane Charley. The corporate can play a number of roles, said SECORP President/CEO Bill Birdwell. On the item processing side, the corporate is going through the Fed...

Marketing

  • Redstone FCU Launches Connections

    HUNTSVILLE, Ala. - Move over newsletters - Redstone Federal Credit Union is debuting a new magazine called Connections. Designed to replace the credit union's existing newsletters, over 150,000 copies of the 16-page, inaugural issue have been delivered to households in the Tennessee Valley area with articles geared toward providing members...

  • TFCU Adds PR Position

    KNOXVILLE, Tenn. - University of Tennessee Federal Credit Union has appointed Rebeca Simpson to the position of Public Relations Officer. "This is a great move for me," Simpson said. "I'm ready to get the ball rolling and work on promoting UT Federal Credit Union." Simpson graduated in 2001 from the...

  • Arsenal Credit Union Swaps Kids Club Mascot

    ST. LOUIS, Mo. - There is a changing of the youth club mascot guard at Arsenal Credit Union. After some 10 years longtime Kids Club Mascot Kirby Kangaroo has "moved" on and a new mascot Tracker the Basset Hound is taking his place. While it is challenging to make such...

  • New E-Marketing Department Available for Credit Unions

    TEMPE, Ariz. - Credit union consulting firm LemmonTree Enterprises has recently launched an E-Marketing Department. "Knowing that e-marketing is a burgeoning tool for credit unions to reach online members, we built a solution to target members who utilize the home banking feature or Web site to manage their money as...

  • Community Choice CU Ads Recognized in Telly Awards

    LIVONIA, Mich. - Two Community Choice Credit Union television commercials, created by Dearborn, Michigan-based agency CTS Advertising, were named finalists in the 25th Annual Telly Awards. Founded in 1979, the Telly Awards honor outstanding local, regional and cable TV commercials and programs, as well as the finest video and film...

  • Washington CUs Hit Airwaves with Former Attorney General of Mexico, Build Trust

    FEDERAL WAY, Wash. - A recent interview of White River CU President/CEO Linda Kleppe-Olson and Washington Credit Union League Senior Vice President RoxAnne Kruger-Monahan by former Attorney General of Mexico Consul Jorge Madrazo-Quellar has gone a long way to helping build local credit unions' profile in the Latino community. "Conservatively,...

  • Energy First CU Promoting Slam Dunk Services

    MONTEREY PARK, Calif. - Energy First Credit Union has tapped into members' excitement over the National Basketball Association's Los Angeles Lakers for a new promotion. Developed by Los Angeles-based advertising agency Simon and Associates Advertising, along with Energy First Marketing Specialist Sheila Tetangco, the Slam Dunk Services promotion offers members...

Tech Bytes

Publisher's Column

  • Mica's Letter to Bank CEOs Good Idea.But

    My first reaction when I heard about the letter CUNA CEO Dan Mica very quietly sent to the CEOs of the 100 largest banks pointing out to them that their banking association dues money could be put to more productive use than bashing credit unions, I thought it was a...

Opinion

  • Winning the Card Game in Today's Environment

    In many ways, the last few years have not been easy ones for credit card issuers. The weak economy has caused a number of problems. Consumers weren't willing to spend as much or borrow, issuers wrote off more accounts and the competition for good cardholders did nothing but intensify. These...

In Other News

  • AWARDS

    Louisiana Credit Union League, Harahan, has announced that four Louisiana credit union professionals were recently awarded the prestigious Certified Credit Union Executive (CCUE) designation. Kathi Gill of Neighbors FCU, Mary M. Sciretti of Eagle Louisiana FCU, Gregory Dale Inman of CUNA Mutual Insurance Society and Chris Chelette of Rapides School...

Letters to the editor

  • Well-done on Coverage of Corporates

    Regarding the Publishers Notebook article in the August 11th edition of the Credit Union Times, I would like to add to the compliments that you have received regarding the excellent coverage your publication provides for the corporate credit union network. Due to your efforts, and especially those of Paul Gentile...

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