Credit Union Times Magazine June-23, 2004

News

Tech Bytes

  • Core Processing Market Among Small Banks, Thrifts Has Some Familiar Faces, Trends

    NEEDHAM, Mass. -Vendor consolidation and a shrinking client base has resulted in a handful of nationwide operators now controlling most of the processing technology market for this sector of the financial services industry in the United States. Are we talking about credit unions? No, it's the core outsourcing market for...

  • KEMBA Financial, COWWW Software Craft New Alerts Solution

    COLUMBUS, Ohio - KEMBA Financial Credit Union doesn't necessarily take the beaten path when it comes to launching a new solution or solving an old problem, its chief technology officer says. For instance, unsatisfied with standard options for electronic statements and notices delivery, KEMBA Financial combined its archival system from...

  • Fine to be First: SACU Continues Blaxing Trail in Indirect Lending

    SAN ANTONIO - Eighteen years ago, San Antonio Federal Credit Union (SACU) became the first credit union in the country to do indirect auto lending, its key executives say, and it hasn't looked back since. The $1.7 billion, 16-branch CU has continued to build on that legacy, using in-house talent...

  • Big Banks See No Bear Market in Bill Pay

    Big banks bear close watching for credit unions, and their experience with online bill payment is no exception. A recent survey by Celent Communications of 21 big banks, including 20 of the 50 biggest in the country, found that free bill pay is considered a success, with 81% of the...

  • Realtime24 Makes Fiserv's MortgageServ System Up Around the Clock

    BROOKFIELD, Wis. - Credit unions and other mortgage loan processors can now use Fiserv's MortgageServ loan-servicing system in a hosted environment around the clock, the company says. Fiserv Lending Solutions Group says it launched Realtime24, as it calls its non-stop accessibility, to support servicing operations across time zones. "The Internet...

  • Four Credit Unions Like the Concept of Completely Electronic Membership Sign-Up

    PROVIDENCE, R.I. - Credit unions looking to sign up new members need to make the process as easy as possible. That's just what four credit unions think they have found with a new online enrollment solution they are implementing. Toyota FCU, FAA First FCU, Maine CU and Energy First CU...

  • Corporate One Selects Alogent For Image Capture

    ATLANTA - Corporate One FCU has selected Alogent for its Sierra Xpedite deposit automation. Corporate One will use the system as part of its overall Check 21 strategy. The Alogent system will assist credit unions in data capture, which will facilitate imaging. Sierra Xpedite automates deposits through the capture, validation...

  • IT Spending Shows Uptick at Big Employers

    "During the next 12 months, will you increase your deployments of the following technologies?" Spending on IT hardware, software and services is picking up steam among the nation's big employers, a harbinger of things to come for smaller enterprises, including credit unions, as the economy continues to regain momentum. That's...

  • Where Small Enterprises Look for Help

    Has your credit union suddenly found itself facing a major challenge while taking on a new technology project? Did you find yourself wrestling with change management? Turning to consultants for help? Relying on word of mouth when selecting vendors? You're not alone if you answered yes to any of those,...

  • Online Up North: Canadians More Likely to Use Web Channel

    Canadian consumers are banking and paying bills online at a much higher rate than their counterparts in the United States, according to a new report from Forrester Research. The Cambridge, Mass., research and advisory firm says that trend is likely to continue and is a natural result of Canadian financial...

  • DigitalMailer and Immediate Mailing Services Hook Up

    SYRACUSE, N.Y. and HERNDON, Va. - Two firms that serve credit unions with document management services are joining forces. Immediate Mailing Services, which provides document and information management services to 65 credit unions, and DigitalMailer, the popular credit union eStatements provider, have formed a marketing agreement. The marketing alliance calls...

  • U.S. Central Goes With COWWW for eStatements

    SPARTA, Mich. - COWWW Software, which has been making in-roads in the credit union industry of late (see page 58), has landed a big CU client in U.S. Central. COWWW will offer its eStatements Plus product to corporates using U.S. Central's new core system driven by Symitar Systems. COWWW will...

In Other News

  • DONATIONS

    Chetco Federal Credit Union, Brookings, Ore., has donated some $750 worth of souvenir water bottles to the 2004 Oregon Coast Cycling Festival. The Festival is a fundraiser for the American Heart Association and the Curry Health Foundation. The Festival's goal is to raise $5,000. Each cyclist receives a souvenir water...

  • SCHOLARSHIPS

    Truliant Federal Credit Union, Winston-Salem, N.C., has has awarded 10 scholarships to their members through the Carolinas Credit Union Foundation scholarship program. The Fred J. Sarda Scholarship was set up to honor Mr. Sarda, who is a founding member of the credit union. The recipients of the $1,000 Sarda Scholarship...

News Briefs

  • Off-Year Utah Task Force Ready to Revisit Credit Union Taxes

    SALT LAKE CITY - Even if it is an off-year with politicking under way in the hotly contested governor's race, a panel of the Utah legislature appears ready to air credit union taxation once again. After an eight-month hiatus, the legislature's Financial Institutions Task Force created under the defeated 2003...

  • Janclaes, Former SVP With Lockheed FCU, Named President/CEO of Vista FCU

    BURBANK, Calif. - John Janclaes has been named the new president/CEO of Vista FCU, effective June 14. He succeeds former Vista President/CEO Stan Abrams who left the credit union last November. Rick Skaggs, the CU's EVP/COO has been serving as interim CEO. Janclaes most recently worked for Lockheed FCU, Burbank,...

  • Mica Used as Example of Gipper's Persuasiveness

    WASHINGTON - During all the ceremony over the passing of former President Ronald Reagan earlier this month, a lot of ink was used to cover the events and his history. Of all the places Reagan had traveled, according to the Palm Beach Daily News, Palm Beach, Fla., was a particularly...

  • NAFCU Table Officers Remain Unchanged; Furnas Continues as Chair

    ARLINGTON, Va.-NAFCU Chair Diane Furnas and the other three members of NAFCU's executive committee were re-elected to their positions for the 2004-05 term. Furnas, who is the president of Southwest Airlines Federal Credit Union in Dallas, is serving her second one-year term as chair of the association. "After serving as...

  • NAFCU Board Shares Financial Literacy Efforts with Treasury

    WASHINGTON-While in town for its June Board meeting, NAFCU's Board of Directors joined Deputy Assistant Treasury Secretary for Financial Education Dan Iannicola for lunch to discuss financial education. At the June 10 luncheon, Iannicola exchanged information with NAFCU's board on financial literacy efforts. The credit union officials went around the...

  • Corrections

    A story in the June 9 issue, "NASCUS CU Council Vice Chair Named to Michigan CU Hall of Fame" included an incorrect spelling of JoAnne Fillwock's name. An article in the June 16 issue, "CUNA Says it Will Press On with Fed `CU Councils' Following Rejection from New York Fed"...

  • CUDL Expands Operations Into Illinois

    RANCHO CUCAMONGA, Calif. - Credit Union Direct Lending has begun operations in Illinois, bringing the number of states the CUDL program is fully operational to 13, serving more than 280 credit unions and counting 2,800 dealerships in its network. In addition to Illinois, the other 12 states are California, Nevada,...

People

  • EAST

    Empire Corporate Federal Credit Union, Albany, N.Y., has appointed Scott D. Lovelock, vice president, associate general counsel. Maine Credit Union League, Westbrook,has elected the following officers to its board: EMMC FCU President/CEO Ralph Ferland,chair; Rainbow FCU President/CEO Phil Moreau vice chair; Five County CU President/CEO Richard Dupuis, secretary; and Knox...

  • WEST

    Community One Federal Credit Union, Las Vegas, Executive Assistant Rebecca Koshnick has been elected division treasurer of The International Association of Administrative Professionals and Human Resources Education Coordinator Shelly Peterson has been named president of the Southern Nevada Chapter of the Nevada Credit Union League. Redwood Credit Union, Santa Rosa,...

  • MIDWEST

    Alliance Credit Union, Fenton, Mo., has named Kim Appel vice president of lending services. First Resource Federal Credit Union, St. Joseph, Mich., has named Deb Price Marion branch manager and Sue Rayner Marion branch coordinator.

  • SOUTHWEST

    San Antonio Federal Credit Union, Texas, has elected David S. Valesquez board director. In addition Carlton J. Mertens has been named the credit union's first director emeritus. Fort Bliss Federal Credit Union, El Paso, Texas, has named Kerry Stacy vice president of branch operations.

Letters to the editor

Opinion

Publisher's Column

  • Don't Get Carried Away With Cry For Succession Plans

    The much-ballyhooed succession planning process is not all that it is cracked up to be. With apologies to long time readers, yes, here I go again on a topic I wrote about in this space many years ago. My opinions about it haven't changed. If anything, witnessing numerous examples of...

Beyond the Job

  • Credit Union Leaders Do a Lot `Beyond the Job'

    WEST PALM BEACH, Fla. - So many of the people appearing in the pagers of Credit Union Times are known for just one thing - the role they play in the credit union Industry. But what happens when they're not conducing credit union business? In Beyond the Job, Credit Union...

  • Lavage Says `Take Me Out to the Ball Game'

    DANVILLE, Pa. - William Lavage, CEO of Service 1st FCU, never met a major league ball park he didn't like, but he wants to meet them all. Lavage and his 18-year old son Aaron are on a quest to visit all 30 major league baseball ball parks. "We started talking...

  • Lights.Camera.Action! For NCUA's Bennett

    FAIRFAX, Va.-NCUA Employee Development Specialist Ruth Bennett has taken her interest in women's issues to the small screen. Outside the halls of NCUA's Alexandria, Va.-headquarters, Bennett can be found either watching a video monitor or in front of the camera as producer of On the Go with AAUW. The show,...

  • Networking Whiz Spends Vacation Linking PCs in Sudanese Hospital

    CHAPIN, S.C. - Tom Campbell's job at PM Systems Corp. includes designing databases for credit unions to use in their electronic commerce operations, such as Internet banking, bill pay, that sort of thing. So he combined work and pleasure recently on a trip to the Sudan, where he spent about...

Staking Out the Stats

  • Staking Out the Stats

    Despite increased controls, insurance fraud continues to be an industry concern. A recent Accenture survey finds that the majority of Americans say insurance fraud occurs because people believe they can get away with it. Here is a look at current consumer attitudes toward insurance fraud: *32% said they believe that...

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