Credit Union Times Magazine July-28, 2004

In Other News

  • DONATIONS

    Travis Credit Union, Vacaville, Calif., has donated much needed furniture to the Antioch/Brentwood School system. Schools in Antioch/Brentwood received four steel case desks with returns and overhead shelves, six printer stands, two solid wood tables, two bookcases and 30 file cabinets. The furniture will be used in the administration offices...

  • AWARDS

    Fort Bliss Federal Credit Union, El Paso, Texas, has named Alexander Galaviz the 2004 Leo Ziegler Employee of the Year. Galaviz is part of the information systems department and manages the credit union's employee helpdesk and was selected for his great positive attitude. The Employee of the Year Award is...

News

News Briefs

  • Tinker FCU Card Portfolio Leaps $3 Million in Eight Weeks

    OKLAHOMA CITY - The $1.3 billion Tinker Federal Credit Union saw its card portfolio increase in value by $3 million after the credit union employed a mixture of credit line increases, new account acquisitions, pre-approved upgrades and balance transfers, the credit union said. This spring, the credit union mailed more...

  • House Lawmakers Approve $60 Million for CDFI

    WASHINGTON - The House VA-HUD Appropriations Subcommittee has appropriated $60.4 million for the U.S. Treasury Department's CDFI Fund in fiscal year 2005, this is equal to the FY 2004 appropriation and $12 million above the Bush Administration's request of $48.4 million. It is also a very pleasant surprise for CDFI...

  • Duffy Leaving Keefe, Bruyette & Woods

    NEW YORK - Peter Duffy, a senior vice president with Keefe, Bruyette and Woods is leaving the firm headquartered in New York City. Duffy declined to name the new company because some of the details had yet been finalized but said he expected there would be a formal announcement in...

  • Newport News Shipbuilding Employees' CU Adds Two Distressed Communities to FOM

    NEWPORT NEWS, Va. - Newport News Shipbuilding Employees' CU received approval from the State Corporation Commission, Bureau of Financial Institutions to expand its field-of-membership to include two areas considered to be "distressed communities." This makes Newport News Shipbuilding the first credit union to add an underserved community under the state's...

  • Senators to FDIC: Stop Letting Payday Lenders Rent Bank Charters

    WASHINGTON - The Consumer Federation of America applauded Sen. Charles Schumer (D-N.Y.) for urging Federal Deposit Insurance Corp. Chairman Donald Powell to "end the misuse of federally insured state banks to help payday lenders evade state usury and small loan laws." In a prepared statement, CFA Director of Consumer Protection...

  • 26 Navy FCU Branches Nominated for Best Navy CU of the Year

    VIENNA, Va. - A record-breaking 26 Navy Federal Credit Union on-base branches have been nominated for the "Best Navy Credit Union of the Year" award. Annually, the Office of the Assistant Secretary of the Navy recognizes the on-base financial institution-credit union and bank-that provided exceptional service to military and civilian...

  • CUNA to Update CUs on HSAs

    WASHINGTON - With talk of Health Savings Accounts on the rise, CUNA will host an audio-conference on HSAs on August 10 from 2:00 -3:30 p.m. EST. Approved as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, HSAs are designed to help individuals save for medical and...

  • Isner, EVP/COO of Arizona CU League, Dies

    PHOENIX, Ariz. - Gary Isner, executive vice president and chief operating officer of the Arizona Credit Union League died July 15 after a six month battle with cancer. He was 60 years old. Isner was with the ACUL for 19 years, beginning in May 1985 as vice president. He was...

Marketing

  • Arizona CU League, LEMMON-AID Marketing Win Pro & Blockbuster Award

    TEMPE, Ariz. -The American Association of Credit Union Leagues has presented the Arizona Credit Union League and LEMMON-AID Marketing Services a Pro & Blockbuster Award during the PR/Communications/GAPS Conference. The award honors excellence in public relations, marketing and advertising efforts, based on creativity and informational/educational value. The Arizona Credit Union...

  • Energy First CU Cleaning Up Environment-One Highway at a Time

    MONTEREY PARK, Calif. - Energy First Credit Union, in keeping with its "green" awareness philosophy, has recently adopted a two-mile stretch of the Long Beach (710) Freeway. This marks the second highway adopted by Energy First CU - in March the $399 million credit union adopted a two mile stretch...

  • SECU Mascot Welcomes State Legislators

    RALEIGH, N.C. - Who says youth club mascots are just for kids? State Employees' Credit Union is using its kids club mascot FAT CAT to not only have fun but help build relationships and brand awareness across the state. Recently SECU's FAT CAT mascot along with representatives from SECU's education...

  • DFCU Financial Promotes Green Education

    DEARBORN, Mich. - For DFCU Financial, educating youth takes many forms-including a green thumb. The $1.6 billion credit union has sponsored a hands-on science education program called TreeKeepers Kids organized by the non-profit organization The Greening of Detroit. The TreeKeepers Kids Program is an integrated, hands-on environmental education program that...

  • Santa Clara County FCU Makes Summer Fun for Young Members

    San Jose, Calif. - Santa Clara County Federal Credit Union kicked off the summer by hosting its Looney Tunes summer party for its LOONEY TUNES savings club members. To make the event a memorable one for kids the third annual Looney Tunes Summer party featured a who's who of cartoon...

  • Marketing a Dream Come True for North Island CU's Geri Dillingham

    CHULA VISTA, Calif. - While her start in credit unions may have been a fluke, North Island CU Executive Vice President of member relations Planning Geri Dillingham has always been drawn to marketing. "I took a marketing class my senior year of college and enjoyed the creativity and strategy of...

Tech Bytes

  • OSI Launches Version 3.9 of Core Platform

    GLASTONBURY, Conn. - Open Solutions Inc. has released Version 3.9 of its core platform - The Complete Credit Union Solution and The Complete Banking Solution. Improved risk controls, application integration and access to relationship data are among the highlights of the fast-growing core processor's flagship platform, the company says. "Financial...

  • Corillian Launches Solution Aimed at Preempting Attacks

    PORTLAND, Ore. - Corillian Corp. has put together a new anti-phishing solution it says features Web log analysis and methodology that can help proactively take on the problem of fraudsters sending e-mails to unsuspecting consumers who then go to phony Web sites and reveal personal information. The Corillian Fraud Detection...

  • EDS Focusing on the Big Boys

    PLANO, Texas - EDS is doing what it said it would do after selling off its community bank and credit union data processing businesses - it's focusing on large clients. EDS, which has been beaten up in recent years with weak earnings, mild stock scandals, and massive layoffs, recently announced...

  • Fiserv Imagesoft Releases Upgraded Anti-Fraud, Imaging Platform

    LAKE MARY, Fla. - Fiserv Imagesoft has released a new version of its Guardian Series software suite that it says will better able financial institutions to guard against fraud and meet the technology demands of Check 21. Guardian Series version 8.3 is browser-based and includes enhancements that allow credit unions...

  • Scheurman to Lead Corporate Item Processing CUSOs

    PORTLAND, Ore. - Mike Scheuerman has been named president of two corporate-owned CUSOs that could potentially play a key role in the creation of a national image exchange network. Scheuerman will lead Credit Union National Item Capture and CU eArchive Solutions, two CUSOs owned jointly by FirstCorp and Northwest Corporate....

  • Baxter CU to Deploy Image Processing, Check-Truncation Platform

    CLEARWATER, Fla. - Baxter Credit Union will deploy a back-office image processing and check truncation platform from TWS Systems that will help the $880 million Illinois CU prepare for Check 21, the company said. The credit union plans to fully implement IMAGECENTER before the Oct. 28 official enactment of the...

Opinions

Opinion

  • How Credit Unions Can Create a Successful Document Management Strategy

    Given the option, most credit union CEOs would elect to eliminate paper from their day-to-day operations. Many of the benefits of a seamlessly integrated paperless environment are readily apparent. However, beyond the elimination of paper, the full benefits of a successful document management solution have not been well understood by...

  • Credit Unions and "A Sense of Community"

    Marshall McLuhan, the world-renowned communications icon first coined the terms "global village" and "the medium is the message." Today the business of credit unions is the constant invention of new membership villages - community charters, global outreach, new messages, new mediums, and growing confrontations with old financial village merchants (banks)....

Publisher's Column

  • NAFCU Returns From North of the Border a Winner

    Every summer about this time, a large part of the credit union world focuses in on the Annual Conference and Exhibition of NAFCU. And for good reason; it attracts a lot of credit union movers and shakers under one roof. And a lot important to credit unions happens there. This...

Quotes Worth Quoting

  • Quotes Worth Quoting

    "Some of our members have told me that they feel we've thrown in the towel but that's not the case," - Bob Dorsa, NACUSO president on the Association's more than two-year effort to include CUSOs in an SEC proposal that recently extended broker/dealer exemptions to credit unions. "Our idea was...

People

  • MIDWEST

    Three Rivers Federal Credit Union, Fort Wayne, Ind., has appointed Jeff Meyer President/CEO. Meyer replaces James G. Mills, who has retired after serving in the President/CEO position since 1985. K.C. Police Credit Union, Kansas City, Missouri, has appointed Douglas L. DeGroot vice president/chief operating officer. Wisconsin Credit Union League, Pewaukee,...

  • IN MEMORIAM

    CME Federal Credit Union, Columbus, Ohio, former board director Carl Spaeth has died at the age of 78. During his 32-year tenure on the board, Spaeth served in a variety of leadership roles including five terms as board chairman. Spaeth retired from the Columbus Division of Fire after 33 years...

  • WEST

    Ventura County Credit Union, Calif., has named Peggy Pollard vice president of lending services. Fiscal Credit Union, Glendale, Calif., has named Don Turner vice president of lending; Tracey Marchand assistant vice president, sales and service; Avo Mkhitaryan lending manager; and Lisa Harmon-Collins assistant vice president, support services and compliance.

  • SOUTH

    Memphis Area Teachers' Credit Union, Tenn., has named Deborah Hughes member connect director. Spartanburg Regional Federal Credit Union, S.C., has named Omero DeLorenzo chief operating officer. Vystar Credit Union, Jacksonville, Fla., has named John Turpish executive vice president/ chief financial officer.

  • SOUTHWEST

    University Federal Credit Union, Austin, Texas, has named Michael Guthrie UFCU Financial Services associate register representative; Tom Cartwright senior manager of insurance services and Laurie Roberts real estate manager. Security Service Federal Credit Union, San Antonio, has promoted Donna Anderson to member contact center manager.

  • VENDORS

    CENTRIX Financial, LLC, a financial management and services firm, has appointed H. Dane Hooks executive vice president of financial operations. DealerTrack, Inc., a technology services company, has named Bryan Lewis vice president, national sales. United Guaranty, a mortgage guaranty insurance provider, has named Cindy Kirkley vice president and group executive...

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