Credit Union Times Magazine November-17, 2004

In Other News

  • AWARDS

    First Financial Federal Credit Union, Lutherville, Md., Board Chairman J. Wesley Bone has been presented the National Association of Credit Union Chairmen, Eugene Ball Award. This award is given in recognition of commitment to country, credit union and the NACUC. Bone is the third recipient of this award. During Bone's...

  • SCHOLARSHIPS

    Indiana Members Credit Union, Indianapolis, has awarded a total of $4,500 in Legacy scholarships to five students. This year's recipients include Hillary Maynard, Mark Beedle, Jessica Faenzi, Amber Jones and Garrett Bouyett. Each semester, scholarships are given to those pursuing an undergraduate degree at an accredited college, university or trade...

News

News Briefs

  • CUNA's Kincer Leaving for a Higher Mission

    WASHINGTON-CUNA will be losing Political Director Karen Kincer to her next role in life: being a mom. Kincer is expecting twins around the beginning of the year, CUNA Vice President of Political Affairs Richard Gose explained in announcing her departure. "We applaud her decision, but we are definitely going to...

  • Shared Employees can be Considered in Lending Process Between CU and CUSO, SBA Says

    KEENE, N.H. - Shared employees can apparently be considered part of the SBA lender qualification process between a CUSO and a credit union. Northeast Member Business Services received guidance from the SBA's Office of Financial Assistance stating that it will consider a shared-employee concept. To do so, there must be...

  • CUES Exec of the Year Selected

    MADISON, Wis.- America First Credit Union President/CEO Rick Craig walked away from the CUES 26th annual CEO Network with the 2004 CUES Executive of the Year award. "I am fortunate to be able to work with a great team and supportive board as we provide innovative services to our membership....

  • Nassau County FCU Gets NCUA Nod for Community Charter

    GARDEN CITY, N.Y. - Nassau County FCU is now able to serve all of Nassau County, N.Y. The $245 million credit union which has more than 27,000 members, received approval from the NCUA to adopt a community-based charter, effective immediately. NCFCU's field-of-membership has included the employees of over 50 government...

  • NCUA Expands Georgia Central CU's Powers

    DULUTH, Ga. - NCUA has granted the $1.3 billion Georgia Central Credit Union Base Plus expanded authorities. This allows the corporate to take on additional interest rate risk, and provide it more flexibility in managing its balance sheet - and ideally earn more income when conditions are favorable. "The additional...

  • MAX FCU Names McClellan CEO

    MONTGOMERY, Ala. - Greg McClellan is the new CEO of the $625 million MAX FCU. McClellan succeeds Thomas E. Ballow, Jr. who retires Dec. 31. McClellan joined MAX in 1984 and is currently the Executive Vice President/ Chief Operations Officer. Previously, he was the Vice President of Internal Operations. McClellan...

  • CORRECTIONS

    In the "Credit Unions, Banks Granted March 2005 Deadline for SEC Broker Reg Compliance" news brief in the Nov. 10 issue, it was incorrectly reported that an SEC deadline was extended to March 31, 2005 for credit unions and banks to comply with broker registration requirements under the Gramm-Leach-Bliley Act...

Tech Bytes

  • S1 Buys Mosaic Software

    ATLANTA - S1 Corp. plans to buy Mosaic Software Holdings Ltd.. The deal brings S1, a global provider of ATM drivers and electronic payment solutions, to its lineup of integrated front-office applications for financial institutions. Mosaic has built a client base of about 210 financial institutions and retailers in more...

  • OSI Updates eCommerce Suite

    GLASTONBURY, Conn. - Open Solutions Inc., a processor popular with large credit unions, has launched its latest version of its eCommerce Banker, which features Internet banking and cash management. The three most notable enhancements include Account Reconciliation, Dynamic Alerts, WirePost, and Quick Enroll. The first three are primarily for business...

  • Oklahoma City CU Commits to XP2 for 2005 Platform Shift

    MOORPARK, Calif. - XP Systems will be converting Communication Federal Credit Union/Communication Credit Union of Oklahoma City to its new XP2 core platform soon, the Fiserv unit says. The dual-charter, $415 million CU, one of the state's five largest, has been using a Liberty FiTECH (now Open Solutions Inc.) core...

  • MortgageClick Now Supports Fannie Mae's MyCommunityMortgage Software

    WOBURN, Mass. - MortgageClick, a provider of lending technology to credit unions, now supports the MyCommunityMortgage suite of products from Fannie Mae, the company says. MortgageClick uses a Web-based platform from the Prime Alliance CUSO to streamline online mortgage applications and now will be able to serve more consumers "who...

  • Reed Data Partners with SecurePipe to Offer IT Storage, Security Services

    MIDWAY, Utah - Reed Data Inc., a provider of electronic document archiving and delivery solutions, has partnered with a Wisconsin-based IT security firm to offer network security solutions to credit unions and banks. Reed Data provides COLD storage, electronic statements and other paperless document archiving and delivery solutions to hundreds...

  • Fiserv Breaks 3,000 Net Banking Client Mark

    BROOKFIELD, Wis. - Fiserv said it now has over 3,000 clients for Internet banking. "We have moved through many phases with the Internet - from hype to reality and, now, to a growing acceptance," said Fiserv COO Norm Balthasar. According to TowerGroup, the number of online banking households is expected...

  • OSI Hires Ex-Fiserv Exec Krystowiak, Promotes Nicastro

    GLASTONBURY, Conn. - Open Solutions Inc. has hired Dave Krystowiak, a former Fiserv division president, to be OSI's senior vice president and general manager of its Strategic Solutions Group. His responsibilities will include sales and operations involving OSI's eSolution Internet banking and cash management tools, OSI's Check 21 and imaging...

  • eCU Technologies Offers Middleware for Symitar Client Programmers

    HARRISBURG, Pa. - eCU Technologies, the technology CUSO of Pennsylvania State Employees Credit Union, is offering credit union programmers a new middleware product to help them develop applications to integrate with the Symitar core system. Called PowerLink XML, the software allows programmers to work with Symitar's application protocol interface, SymConnect,...

Marketing

  • San Diego Metropolitan CU Works Member Referral

    SAN DIEGO - San Diego Metropolitan Credit Union has its members not only talking up the credit union experience but also encouraging new members to join. Playing up the idea that the best advertising is by "word of mouth," the $305 million credit union has launched a member referral program...

  • Diamond Awards Expand Categories

    MADISON, Wis. - While diamonds may be forever, next year's CUNA Marketing and Business Development Diamond Awards categories are changing with the addition of two new entries - Member Magazines and Diamond in the Rough. The "Member Magazine" category was added to spotlight four-or-more color magazines distributed to credit union...

  • EECU Goes Fishing for Loans

    FRESNO, Calif. - Have you heard the fish story of Educational Employees Credit Union pulling in over $28,264,000 in new loans? Well unlike other fishing stories this one is 100% true. Designed by Hollister, California-based brand consulting firm Redbeard Communications Inc., a fishing themed direct mail campaign has helped the...

Special Report

  • Londonderry a Series of Firsts for St. Mary's Bank

    LONDONDERRY, N.H. - Londonderry has its first and only credit union and it is fitting that it's St. Mary's Bank-the first credit union in the nation. The 3,800 square-foot facility, which features six teller stations, two drive-up lanes and a drive-up ATM, also marks the $482 million credit union's first...

  • Eastern Financial Branching Out

    BOCA RATON, Fla. - As part of a strategic move to provide more member convenience, Eastern Financial Florida Credit Union has recently opened its first Palm Beach County branch. Designed by Marietta, Georgia-based design/build firm KDA Holdings Inc., the 4,100 square foot high-tech/high touch branch features an Internet Caf where...

  • Municipal Credit Union Makes High-Tech, Warm, Welcome

    BRONX, N.Y. - Municipal Credit Union has opened the doors to its latest state-of-the-art facility here and members are loving it. The street-level 7,000 square foot branch features nine teller stations, 15 member service desks, interior ATMs and even kiosks where time-pressed members can manage accounts, apply for loans, access...

  • Inwood Credit Union Embodiment of CU Philosophy

    POINT ARENA, Calif. - It took not only a town but also the California Credit Union League and credit union leaders to help bring back financial services here. The city purchased an ATM and credit union staffers and locals literally worked side-by-side to helped build the facility. Residents haven't had...

  • High School CU Branch Now Mobile

    SAYREVILLE, N.J. - Raritan Bay Federal Credit Union has taken a cue from the mall for its South Amboy Middle High School student branch called the Lighthouse. What was once located in an old classroom in the Middle School wing of the school is now a freestanding kiosk located outside...

Opinion

People

  • VENDORS

    FCUL Service Group, Inc., the service corporation for the Florida Credit Union League, has named Jennifer Hazday business development manager for the South Florida region. IA Systems, Inc., a developer of software for the financial services industry, has named Tami Olheiser director of finance.

  • EAST

    HarborOne Credit Union, Brockton, Mass., has named Steven D. Washburn Bridgewater branch officer. Virginia Beach Schools Federal Credit Union, Va., has named Amy Wisilosky vice president of marketing Vermont Federal Credit Union, Burlington, President/CEO Joseph M. Finnigan has been named to an advisory panel for CUNA Mutual Group.

  • MIDWEST

    First Community Federal Credit Union, Parchment, Mich., has appointed Cheryl DeBoer President. Dane County Credit Union, Madison, Wis., has elected Jesse Sandoval board director.

  • WEST

    Point Loma Credit Union, San Diego, has named Peter S. Butler vice president of lending/collections. First Edition Community Credit Union, Phoenix, has appointed John I. Cassise president/CEO. Tucson Old Pueblo Credit Union, Ariz., has named Gary Lee Fischer vice president of sales/lending. California Coast Credit Union, San Diego, has named...

  • SOUTH

    Alabama Central Credit Union, Birmingham, has promoted Kim Warner and Melissa Hargett to regional vice president.

  • IN MEMORIAM

    SAFE Credit Union, North Highlands, Calif., has announced that longtime board member Robert Richard Reilly has died. Reilly joined the credit union movement more than 40 years ago while serving with the U.S. Air Force at Sacramento's McClellna Air Force Base and has always stood for the power of credit...

Letters to the editor

Publisher's Notebook

  • Good Starting Point

    To better serve their members and give expanding staffs room to work, more and more credit unions are finding the need to build completely new headquarters buildings, new branches, and new administrative centers. Or, to remodel and enlarge existing facilities. The usual starting point before undertaking such extensive and costly...

Voting Poll

Publisher's Column

  • A Name Out of the Past Blasts Credit Unions

    Listen to this latest barrage of anti-credit union rhetoric: "The credit union industry is controlled by well paid insiders of a few trade groups which themselves are controlled by a relatively small minority of very large dues paying credit unions. It is the smaller credit unions that tend to stick...

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