Credit Union Times Magazine March-24, 2004

In Other News

  • AWARDS

    Central Florida Educators' Federal Credit Union, Orlando, has recognized the following outstanding employees: Fran Perez, Manager of the Year; Nan Fogle, Employee of the Year; Mary Hensel, Employee of the Month; and Linh Dang Distinguished Manager of the Fourth Quarter. Award recipients were selected based on performance, teamwork and service...

  • BRANCHING OUT

    Mid-Atlantic Federal Credit Union, Gaithersburg, Md., has broken ground on a new headquarters building in Germantown, Maryland. The new facility is scheduled to be completed and open for business in Fall of 2004. Jennie Lazerov, Field Representative for U.S. Senator Paul Sarbanes and Candace Curie, President of the Gaithersburg-Germantown Chamber...

  • DONATIONS

    ESL Federal Credit Union, Rochester, N.Y., has helped raise $196,806.24 to benefit local charities here through the ESL Animal Scramble Auction. ESL Animal Scramble involved corporate sponsorships of 130 life-sized, fiberglass animals painted by local artists. The full purchase price of each animal was donated to charity. Fifty percent of...

News

Letters to the editor

  • Better Marketing Key to Growing CU Membership

    I enjoyed Mike Welch's column on the subject of Membership Growth in the March 20th issue ("Slowdown in Membership Growth Makes No Sense.") As a long time board member and active volunteer, it is a question my fellow volunteers, staff, and I have been pondering for some time. While on-going...

  • It's Not All About Greed

    Your question of the day on the Credit Union Times Web site - "Do you think the potential for individual profit is at all playing a role in the decision making process of the directors and upper management of credit unions who have decided to convert to a bank?" -...

  • Blaine's Remarks, Behavior Embarrassing for CU Industry

    After listening to Jim Blaine's comments at the GAC in his debate with the ABA's Ken Fergeson, not only was I not applauding, but I was embarrassed, humiliated and outraged by one of our industry `leader's' display of some of the most rude, crude and pompous behavior, the likes of...

  • Poll Question Could be Better Worded

    Please allow me this opportunity to express an opinion about the wording on the most recent poll on the Credit Union Times Web site regarding the credit union conversions to banks issue ("Do you think the potential for individual profit is at all playing a role in the decision making...

  • Blaine's Remarks Spoiled GAC

    Mike Welch wasn't the only person in the 3,000 plus audience at the GAC who felt credit unions came off an embarrassing second best. I for one thought the "debate" was the low spot of one of the best GACs in recent years. Everyone I talked to after the "debate"...

  • Blaine's Comments Harmful To CU Movement

    I am in complete agreement with Mike Welch regarding the debate at the GAC between Jim Blaine and Ken Fergeson. I thought the barbs and "brothel' remark by Blaine that was reported in Credit Union Times was very unprofessional and does harm to the movement. I feel the same about...

  • Blaine's "Crass" Remarks a Disservice to CUs

    I have just read Mike Welch's column, "GAC Again Setting for [Mostly] Highlights" in the March 3rd issue of Credit Union Times. Thank you for your comments regarding the "debate" between Ken Fergeson and Jim Blaine. I was anxious to read Welch's column, trusting that he would share his overall...

  • Blaine's Language Embarrasingly "Colorful"

    I wanted to comment on Credit Union Times' coverage of the debate at GAC between Jim Blaine and Ken Fergeson. The "colorful language" you refer to did fly - exclusively from Jim Blaine's mouth. His representation of our industry was immature at best, demonstrating an appalling lack of professionalism and...

  • Blaine Doesn't Represent Credit Unions

    I'm not sure where Mike Welch was sitting during the Blaine/Fergeson debate at the GAC, but any applause following that fiasco from the area where we sat was in appreciation that it was finally over. Several folks, including all those in our group, expressed the disgust with the tone the...

Opinion

  • For Best Results, Look for the Best Practices

    It had its roots in the manufacturing sector and the "process improvement" craze. Now it's spawned an entire industry offering research, consulting, seminars, and other materials. It's the concept of "best practices," and it's clearly gotten the attention of credit unions, especially when it comes to technology. Several factors make...

Publisher's Column

  • From Humble Beginnings, Marketing Has Arrived.But

    As hard as it might be for today's full-time management level marketing professionals currently working for credit unions to believe, at one point there was no such thing as credit union marketing. In fact, to many of those then involved with CUs, including most CEOs, marketing was a dirty word....

News Briefs

  • Utah Gov. Tells League She Supports Duality

    SALT LAKE CITY - The Utah League of Credit Unions said it is heartened by recent comments of Gov. Olene Walker supporting the dual chartering system and "equality" between state and federal charters. The state's new Republican governor made her comments at the League's annual meeting and were repeated in...

  • ICBA Elects New Officers; Guenther Retires

    SAN DIEGO, Calif. - The Independent Community Bankers of America Board said good-bye to their long-time CEO and welcomed its new officers for 2004-2005 at its 2004 National Convention and Techworld in San Diego. Last Tuesday, ICBA President and CEO Ken Guenther, a credit union foe who held the position...

  • CDFI Fund Will Perform Better, Abernathy Says

    WASHINGTON - The CDFI Fund, a program under the U.S. Treasury Department that has helped fund community development credit unions, will perform better in 2004 than in 2003, according to testimony from Assistant Secretary For Financial Institutions Wayne Abernathy. Testifying before the Subcommittee on VA, HUD and Independent Agencies of...

  • Fairfield County CU Approved to Convert Back To Federal Charter

    STAMFORD, Conn. - Fairfield County CU, chartered in 1934 as a federal credit union is once again a federal credit union. The $36 million state-chartered credit union received approval March 5 to convert back to a federal charter. The credit union converted from a federal to a state charter in...

  • Credit Union Division of California DFI Re-Accredited by NASCUS

    ARLINGTON, Va. - The Credit Union Division of the California Department of Financial Institutions, the regulatory authority of the California agency responsible for the examination and supervision of the state's 216 state-chartered credit unions, has earned a five-year re-accreditation by NASCUS. To earn NASCUS accreditation, an agency must meet or...

  • America First Can Still Use Talk Host in Ads

    SALT LAKE CITY - America First Federal Credit Union said it has reached an accord with a Salt Lake City radio station over using a popular talk-show host in its radio commercials after an ad agency for Zions Bank, a CU nemesis, objected to the deal. "The local papers didn't...

  • State-Sponsored 529 College Plans Under Scrutiny

    WASHINGTON -Credit union members may be among those concerned that the 529 college tuition savings plans they opened for their children may have too many fees to offset any tax advantages. House Financial Services Committee Chairman Michael Oxley (R-Ohio) recently wrote to SEC Chairman William Donaldson with concerns about the...

  • Trade Associations have a lot to say about Check 21 and Reg CC

    WASHINGTON-In extensive comments to the Federal Reserve regarding proposed changes to Regulation CC in light of the Check Clearing for the 21st Century Act, CUNA and NAFCU raised several concerns. Both groups' comment letters included a long list of subjects they wanted to express their views on from definitions to...

Tech Bytes

Looking Back

  • CREDIT UNION TIMES Vol. 11, No. 13 March 29, 2000

    Looking back four years ago finds NCUA Board Member Dennis Dollar's much anticipated Regulatory Flexibility and Exemption Program making its debut. Despite reservations by NCUA Board Chair Norman D'Amours over the advance notice of proposed rulemaking that would relieve FCU's of regulatory restriction in six distinct areas, Reg-Flex was given...

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