Credit Union Times Magazine March-17, 2004

In Other News

  • BRANCHING OUT

    Vantage Credit Union, St. Louis, has celebrated the grand opening of its high-tech Florissant branch. The facility includes a remote teller system, an Internet Caf and a special kids area complete with interactive computer games. Vantage CU donated $500 from its ribbon cutting ceremony to the St. Vincent Home for...

  • DONATIONS

    Spectrum Federal Credit Union, San Francisco, has collected over 11 barrels of clothing to Goodwill's Job Success Through Better Dress program. The program helps job seekers by providing low-income individuals with business attire for job interviews. Saugus Federal Credit Union, Mass., has raised $1,400 for the Credit Unions of Massachusetts...

News

  • Nontraditional Outlets Key To Life Insurance Future

    NEEDHAM, Mass. - Recent TowerGroup research suggests that non-traditional distribution outlets such as wirehouses, banks or even insurance CUSOs may revitalize the life insurance market. "It's imperative that insurers approach this market with a fresh perspective relative to products, distribution and operations," said Cindy Saccocia, senior analyst in the Insurance...

  • Restrictions are Continuing to Push CUs to Mutual Charter, OTS Official Says

    WASHINGTON-The flow of credit unions converting to mutuals is "alive and well," Office of Thrift Supervision Deputy Director Rick Riccobono told his audience at America's Community Bankers Government Affairs Conference. He told the bankers that they would probably see many smaller credit unions and a few larger ones make the...

  • Special Report: Insurance

    A special report on pages 20-21 reveals a potpourri mix of insurance news..

  • SWBC Hires New Executive

    SAN ANTONIO - Southwest Business Corporation (SWBC), an insurance, mortgage and investment provider, has appointed David Horne executive vice president/chief administrative officer. Prior to joining SWBC, Horne co-founded and served as chief operations officer for Orbis Online, a technology services company, over the past four years. A graduate of the...

  • LIMRA, NACUSO Team Up For Credit Unions

    WINDSOR, Conn. - LIMRA International and the National Association of Credit Union Service Organizations, have recently formed a marketing alliance. Under the agreement, some 400 NACUSO members will now have access to LIMRA's research and services to better support their insurance marketing initiatives. According to LIMRA International Director of Marketing...

  • Going Beyond the Job

    Turn to page 36 to see what credit union leaders do in their spare time in the latest installment of Beyond the Job.

  • DELCU Financial Services Partners to Launch Title Insurance Agency

    NEW CASTLE, Del. -DELCU Financial Services, LLC, a CUSO owned by 15 Delaware credit unions and managed by the Delaware Credit Union League, is getting into the title insurance business. DELCU has partnered with Parsippany, New Jersey-based Amerititle Agency Inc. to form Members Title Agency, which will be equipped to...

  • Bethpage Management Services Launches Land Bound Services, LLC

    BETHPAGE, N.Y. - Title insurance CUSOs are also hitting New York with Bethpage Management Services, a wholly owned subsidiary of Bethpage Federal Credit Union, forming its new CUSO named Land Bound Services, LLC. Land Bound Services, LLC will provide title insurance services for residential and commercial properties. "We are offering...

  • Williams Sticks to Preemption Guns

    Office of the Comptroller of the Currency Chief Counsel and First Senior Deputy Comptroller Julie L. Williams - shown here with Assistant Treasury Secretary Wayne Abernathy - defended the agency's recent preemptions of state anti-predatory lending laws at America's Community Bankers Government Affairs Conference last week. She noted that when...

  • Powell Says CUs Should Be Taxed, Mixed Feelings on CUs in Biz Lending

    WASHINGTON-Federal Deposit Insurance Corporation Chairman Don Powell reiterated his belief that credit unions should be taxed during a speech to America's Community Bankers Government Affairs Conference. He briefly showcased an advertisement ACB placed in The Hill newspaper and elsewhere, featuring a bright yellow rubber ducky with the usual "quacks like...

  • State Farm Sets Sights On Students

    BLOOMINGTON, Ill. - Credit unions may soon be watching their backs when it comes to financial literacy. State Farm has recently launched Common Cents a financial education Web site that provides fun ways for K-12 students to learn basic principles of financial responsibility and money management. Located in the Kid...

  • Health Care Benefits Key to CU Staffing?

    MADISON, Wis. - Credit unions looking for a competitive edge may want to take another look at their health care benefits. According to the CUNA E-Scan 2003-2004 Credit Union Staff Benefits Survey credit unions with competitive employee health care and benefits packages place themselves in the best position to both...

  • Six Execs

    ST. PAUL, Minn.- The Securian Financial Group has promoted the following employees: Brian Anderson to second vice president, group case underwriting; Barbara Baumann to second vice president mortgage marketing/ administration; Von Peterson to second vice president group client relationships; Steve Thor second vice president, individual/SFS/securian trust systems; and Bruce Shay...

  • PFCU Services LLC Growth Linked to Tapping Members' Needs

    PHILADELPHIA - If PFCU Services LLC President/CEO Mark Craven had to do it all over again, he wouldn't change one thing in launching the agency. "It was challenging opening our doors after the events of 9/11 and maybe 2002 was not an ideal time, but we've had good solid success...

  • Snow Welcomes Credit Union Tax Debate, Not Backing Down

    WASHINGTON-Treasury Secretary John Snow acknowledged that credit unions' tax exempt status is "teed up for a good debate," but he did not back away from the administration's position supporting credit unions' tax exemption. In clarifying the administration's backing of credit unions' tax exemption to America's Community Bankers Government Affairs Conference,...

  • Beales Updates Bankers on Coming Regs

    Federal Trade Commission Director of Consumer Protection Howard Beales apprised America's Community Bankers of upcoming issues for the agency that may impact the bankers, including Fair and Accurate Credit Transactions Act rules, CAN SPAM rules, and predatory lending. He also noted that this year, FTC must enforce, probably through regulation,...

News Briefs

Tech Bytes

Publisher's Column

  • Getting CURIA Co-Sponsors Should Be Top Priority

    It is rare for national credit union trade groups to go to Congress to propose separate credit union legislation. And for good reason. Tacking on a couple of credit union friendly proposals to even remotely related bills wending their way through the law-making process is much easier and a whole...

Letters to the editor

Publisher's Notebook

  • Happy Anniversary

    The column above is the 714th consecutive weekly publisher's column appearing in the pages of each issue of Credit Union Times. The first was written when volume one, number one, made its debut way back on March 26, 1990. That means that in a few days, Credit Union Times will...

Events Calendar

  • VENDOR CALENDAR

    APRIL APRIL 4-7 CU Internal Auditors' Association (CUIAA) 14th Annual Conference, Marriott Hotel & Marina, San Diego, Calif. For info: Rose Chaco, 925-447-5001, x 1183 or rose.chaco@unclecu.org. APRIL 6-9 Telesis Community CU and Business Partners (formerly Telesis Partnerships) Business Symposium co-hosted with California CU League, Fairmont Scottsdale Princess, Scottsdale, Ariz....

  • ASSOCIATION CALENDAR

    APRIL APRIL 1-3 Western Association of Technology CU's 43rd Annual Conference, Wyndham Emerald Plaza, San Diego, Calif. For info: Bob Spindler, 858-792-3883. APRIL 2-4 CUES Executive Technology Forum, Hilton New Orleans Riverside, New Orleans, La. For info: Cindy McKeown, 800-252-2664, x 5331 or cindy@cues.org. APRIL 3-6 CUES Marketing Operations &...

Opinion

People

  • MIDWEST

    Auto Body Credit Union, Lansing, Mich., has promoted Jim Nowak to senior vice president; Linda Smith to vice president of human resources; and Jamie Scaggs executive assistant. Purdue Employees Federal Credit Union, West Lafayette, Ind., has promoted Jackie Hofman to assistant vice president of human resources; Bill Arnold to assistant...

  • WEST

    Wescom Credit Union, Pasadena, Calif., has named Novelina Savellano Costa Mesa branch manager. North Dakota Credit Union League & Affiliates, Bismarck, has elected the following officers to its board: George Economon, chair; Stuart Higginbotham, vice chair; and Marjorie Lange, secretary. In addition, NDCUL has elected the following officers to its...

  • SOUTH

    First Resource Federal Credit Union, Ft. Smith, Ark., has named Tonya Rogers Roger's Avenue branch manager and Lisa R. Smith Jenny Lind Road branch manager. In addition, First Resource FCU has promoted Sylvia Spencer Van Buren branch manager.

  • SOUTHWEST

    Security Service Federal Credit Union, San Antonio, has elected the following officers to its board: Max Giovannini, chair; Bill Ballard, 1st vice chair; Bob Egger, 2nd vice chair; Allen Snyder, treasurer; and Mary Holub, secretary. In addition SSFCU has elected the following directors: Cliff Turner, Tim McCallum, Pete McNamee, Gwen...

  • EAST

    HarborOne Credit Union, Brockton, Mass., has elected Edward Kent board chair. Vermont Federal Credit Union, Burlington, has named Tom Crapo vice president of operations. Empire Corporate Federal Credit Union, has named Kristina Moran portfolio manager of its wholly-owned CUSO MemberTrade Advisory Services, LLC. Chartway Federal Credit Union, Virginia Beach, Va.,...

Billlionaires Club

Beyond the Job

  • XP Systems CEO Edwards Enjoys Life Up on his (Mini) Farm

    TIGARD, Ore. - On the side of Bull Mountain, overlooking the scenic Tualatin Valley, Wendy Edwards has found her dream home while husband, John, has learned useful skills - such as how to clean a dog after its close encounter with a skunk. Their four-acre homestead is just 15 minutes...

  • CUNA Mutual VP Earns his Stripes on the Hardwood

    MADISON, Wis. - Mike Bunge's idea of relaxing is spending a couple hours with 16,000 pairs of eyes watching his every move. By day, Bunge is account vice president-member services in CUNA Mutual's Midwest Marketing Division. By night (and weekends), he referees high school and college basketball games, including 55...

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

    WEST PALM BEACH, Fla. - So many of the people appearing in the pages 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 conducting credit union business? In Beyond the Job, Credit Union...

  • Not a Guzzler, But He Collects Beer Cans.Big Time

    TUCSON, Ariz. - When it comes to hobbies, James Knoff of Tucson, Ariz. has one that you might say.."ales" him. Knoff, president/CEO of Pima Federal Credit Union, is a beer collector extraordinaire. "I started collecting beer cans back in 1978 when I was an examiner for the old Falstaff Credit...

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