Credit Union Times Magazine January-21, 2004

News

In Other News

  • AWARDS

    Norton Community Credit Union, San Bernardino, Calif., has awarded long-time member Charmaine Duncan $10,000 as winner of the Make It Green sweepstakes. Air Academy Federal Credit Union, Colorado Springs, Vice President of Marketing Karin Kovalovsky has been named one of Colorado Springs' Most Dynamic Women of 2003 by the Colorado...

News Briefs

  • Affinity FCU, AGAC Team up For Debt Protection

    BASKING RIDGE, N.J. - Affinity Federal Credit Union has joined forces with American General Assurance Company, an American International Group member company, to offer members debt protection programs. With AGAC serving as program administrator, members will now be able to protect their loans with life, disability and involuntary unemployment products....

  • GAO Study of Secondary Capital in the Works

    WASHINGTON-In June 2003, three lawmakers asked NCUA and the General Accounting Office to answer some questions they had about credit unions' capital options. NCUA responded by the September deadline but GAO simply said they had "little to contribute" in addition to what NCUA had already provided. Those three lawmakers-House Financial...

  • GAC Gears Up to Play Hardball with Matthews

    WASHINGTON-Chris Matthews, host of MSNBC's Hardball and star of NBC's The Chris Matthews Show, has accepted an invitation to speak at CUNA's Governmental Affairs Conference in February. Matthews also anchors MSNBC's election coverage. Previously, he served as Washington Bureau Chief of the San Francisco Examiner and a national columnist for...

  • Sen. Crapo to Head Up Reg Relief Effort

    WASHINGTON-Senator Mike Crapo (R-Idaho) will be taking charge of efforts to determine language for a financial services regulatory relief bill in the Senate. Though a timeline has not been established, according to NAFCU Director of Legislative and Political Affairs Brad Thaler, Crapo's staff has expressed interest in getting it done...

  • CUNA Promotes Grassroots Specialist

    WASHINGTON-Gretchen Graf has been promoted from CUNA's grassroots manager to director of grassroots and political involvement. In making the announcement, CUNA explained that the new title better reflects Graf's role in expanding the trade association's political programs. Graf has been responsible for such innovative programs as the Hike the Hills...

  • Mid-States Selects Minnesota Advisory Group Execs

    WARRENVILLE, Ill. - Mid-States Corporate has selected 11 Minnesota credit union execs for its new Minnesota Advisory Group. Mid-States and Minnesota Corporate completed their merger at the end of last year. The new advisory group is to ensure that Minnesota CUs have a voice in the corporate. Mid-States is a...

  • Virginia Supreme Court to Hear DuPont Community CU Charter Case in First-of-its-Kind Hearing

    RICHMOND, Va. - The Virginia Supreme Court is scheduled on Jan. 14 to hear the case involving the Virginia Bankers Association's appeal of a decision by the state commissioner of the Bureau of Financial Institutions to grant an application to DuPont Community CU to expand its community field-of-membership to five...

Tech Bytes

  • Empire Corporate Finds CUs Hungry for Check 21 Information

    ALBANY, N.Y. - Empire Corporate has made free Check 21 information available on its Web site (www.empirecorp.org), and credit unions are eating it up. The corporate announced that since Nov. 5 when it posted the information, it has been accessed approximately 1,100 times. The materials available include the following: *A...

  • Open Solutions Offers Solution to Help Open Systems

    GLASTONBURY, Conn. - Open Solutions Inc. is offering credit unions its Channel Management Center (CMC), a suite of software tools that allow disparate systems to communicate and open the door to a quicker, deeper knowledge of member transactions and relationships, the company says. Using industry standards for data transfer such...

  • Webinar to Focus on Big Results for Small CUs Using Technology's Tools

    WASHINGTON, D.C. - Technology can be the great leveler between small credit unions and their competitors, but knowing how to use it is the key. That's the idea behind a Webinar set for Tuesday, Jan. 27, at 2 p.m. EST by Callahan & Associates. Presidents of two sub-$50 million CUs...

  • New Jersey League Launches Governmental Affairs Online Action Center

    HIGHTSTOWN, N.J. - The New Jersey Credit Union League has launched a Governmental Affairs Online Action Center as an interactive online resource for credit unions in the state. The Action Center, which is password protected in the `Members Only' section of the NJCUL Web site, is accessible 24 hours a...

  • `Offshoring' Continues to Soften IT Market in United States

    NEW CANAAN, Conn. - Credit union IT managers should find that the market for IT professionals continues to soften, hastened by the movement of technology jobs overseas. According to the latest Quarterly Hot Technical Skills and Certifications Pay Index from Foote Partners, the "offshoring" of U.S. tech jobs has resulted...

  • Austin FCU Makes Information Portable

    AUSTIN, Texas - Austin Federal Credit Union is literally providing staffers and board directors access to credit union information on-the-go. In an effort to securely share internal credit union documents the credit union has ordered the CryptoStick from Cray, North Carolina-based Research Triangle Software. The CryptoStick is a portable encryption...

  • Domain Bank Opens Registration to .coop Users

    WASHINGTON-Credit unions and other cooperatives have been provided a new option for registering or renewing their .coop Internet addressees through Pennsylvania-based Domain Bank, Inc. "We really are pleased to have Domain Bank available for those in North America who want a local registration option," National Cooperative Business Association CEO Paul...

  • AFTECH Launches Service Bureau

    MALVERN, Pa. - In another indicator of the growing popularity of service bureau processing in credit union land, data processor AFTECH has announced that for the first time it is launching a service bureau solution, though AFTECH President Joe Antellocy said the company will take it slow until it gets...

Letters to the editor

  • Ulterior Motives in Converting to Bank Charter

    I applaud the folks who are standing up for the members of Columbia Community Credit Union and any other credit union whose board wishes to convert to a mutual stock owned bank. If it is not a get rich quick scheme by the board, I would challenge each and every...

  • CCUL Role in CUES Harvard School Deserves Credit

    Thank you for the wonderful coverage in your Jan. 7, 2004 edition of the upcoming Advanced Leadership Institute at Harvard Business School ("CUES Signs Up Harvard for 2004 CEO Education Series.") CUES feels fortunate to partner with such a prestigious university for the benefit of the industry and credit union...

  • CU Taxation Not Inevitable, Mr. Onesta

    I just finished P.J. Heller's article in the Jan. 7th issue on Operating Engineers (Local Union #3) FCU's retiring President/CEO Bill Onesta ("CU Tax `Inevitable,' Predicts Retiring CEO Onesta"), and am not sure how you can say that Mr. Onesta remains upbeat about the future of credit unions, when he...

Opinion

Publisher's Column

  • Well-Intended CU Board Actions Can Backfire

    If the primary responsibility of a credit union board of directors had to be boiled down into a single statement, it might read something like this: "To do whatever is in the best interests of the credit union's membership." As the policymakers of the credit union, every member of the...

Staking Out the Stats

  • STAKING OUT THE STATS

    According to a recent Mediamark Research survey, while some 68% of teens age 12 to 19 say they decide how they spend their own money, only 12% agree with the statement "credit cards are great". Here is a look at some other findings: * 59% believe "Credit cards are dangerous...

People

  • SOUTH

    Volunteer Corporate Credit Union, Nashville, Tenn., has promoted G. Janice Miller to vice president of consulting. Memphis Area Teacher's Credit Union, Tenn., has named Judy Bell senior vice president of administration.

  • WEST

    Meriwest Credit Union, San Jose, Calif., has named Mark Antonioli vice president of lending and collections. Columbia Credit Union, Vancouver, Wash., has named Brian Fleetwood vice president/ commercial loan officer. Credit Union Association of Oregon , Beaverton, Ore., has promoted Amy Drew to director of communications. Washington State Employees Credit...

  • SOUTHWEST

    Security Service Federal Credit Union, San Antonio, has named LeeAnn Jackson North Star Mall Service Center manager. City Credit Union, Dallas, has promoted Amy Ecker Ramirez to vice president of marketing and business development Unity One Federal Credit Union, Fort Worth, Texas, has promoted Greg Barnes to vice president of...

  • MIDWEST

    Heritage Federal Credit Union, Newburgh, Ind., has promoted Mark Hudson to vice president of consumer lending and Tony Freels to assistant vice president of internal audit. CUES, Madison, Wis. has promoted Kristina Mattson to vice president of membership; Teri Schacker to vice president of marketing; Jenny Mueller to Web/e-commerce manager;...

  • EAST

    Chartway Federal Credit Union, Virginia Beach, Va., has promoted Cindy Fulcher to director of office operations. In addition, Chartway FCU has named Sidney J. Baumann, director of member investments and insurance. The Central Credit Union Fund, Auburn, Mass., has named John J. Almeida senior investment representative to credit union brokerage...

Billlionaires Club

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