Credit Union Times Magazine April-27, 2005

News

Letters to the editor

Tech Bytes

  • Prime Alliance Becomes Shareholder in MortgageClickT

    WOBURN, Mass. -Prime Alliance Solutions has become a minority shareholder in MortgageClick, the mortgage decisioning platform distributed to credit unions. MortgageClick, which is powered by Prime Alliance, was created in 2003 as an extension of Members Mortgage Company. The technology was spun off as a separate entity in January 2004....

  • Orange County Teachers FCU Uses New Training Software to Cut Costs

    SANTA ANA, Calif. - Orange County Teachers Federal Credit Union says it plans to save $200,000 a year in compliance training costs with an automated knowledge-sharing system from OutStart Inc. The $5.2 billion CU is using OutStart Studio to create, deploy and manage training for its staff and says it...

  • Simplified Wire-Transfer Solution Rolled Out by IntegraSys

    FRISCO, Texas - IntegraSys is now offering credit unions a browser-based tool to simply the process of making wire transfers, the Fiserv core processing unit says. The WireXchange solution offers one-time data entry into an end-to-end wire transfer process that includes OFAC screening, host system posting, Federal Reserve delivery and...

  • Open Solutions' New Integrated Contact Management Platform

    GLASTONBURY, Conn. - Open Solutions Inc. is now offering a browser-based way for tellers and call center staffers to have integrated access to CRM, transaction and business process management tools. Called the Interaction Management Center (IMC), the relationship management system integrates capabilities that normally have to be accessed by going...

  • Summit Selects HP for Business Continuity

    CORVALLIS, Ore. - Credit union data processor Summit Information Systems has selected Hewlett Packard for business continuity planning and annual recovery training for the company's Florida-based data centers, which are vulnerable to hurricanes and other disasters. "We go through disaster recovery training and prepare the staff each year for any...

  • Compliance EAGLE Offers Automated Reviews for Mortgage Lenders

    LAGUNA HILLS, Calif. - QuestSoft Corp. is adding what it calls an end-to-end, fully automated compliance review solution to its lineup of Home Mortgage Disclosure Act and Community Reinvestment Act compliance solutions and geocoding services for lenders. Compliance EAGLE automates the entire mortgage lending process in a single system and...

  • Mountain America Signs for Three More Years with DI

    WEST JORDAN, Utah - Digital Insight has retained one of its long-time clients, as Mountain America Credit Union renewed its relationship with the Internet banking vendor for three more years. The $1.4 billion CU, Utah's second largest, has been a DI client since 1999. Mountain America has been using DI...

  • Fiserv Converting Community Cu in Third Quarter

    LAKE MARY, Fla. - Fiserv doesn't just dominate in the credit union space with its seven core processors, it's also doing very well in the bank processing arena. The company announced today that its Fiserv CBS Worldwide completed nine conversions in 2004 and has 11 scheduled for this year. Upcoming...

  • qbt Systems Signs with PSCU, Retains Relationship with Open Solutions

    NEW YORK - qbt Systems has added one big new customer and kept a second. The Manhattan-based provider of middleware solutions will be providing its MultiPoint Integrator solution to PSCU Financial Services to allow the big CUSO's contact centers to expand and integrate its CUAlways member support services program with...

  • Fed Redesigns Financial Education Web Site

    WASHINGTON-The Federal Reserve System announced last week that it had overhauled its financial education Web site. The effort was made in hopes to increase the usage of Federal Reserve educational materials and promote financial education in the classroom. The new site, www.FederalReserveEducation.org, incorporates four Federal Reserve Web sites under one...

  • LANCO FCU Farms Out Fraud Fight to COWWW Software

    LANCASTER, Pa. - LANCO Federal Credit Union here is fighting fraud while lessening hassles for its members by scanning in images of drivers' licenses for easy retrieval at the teller window. The $41 million CU is using a Web-based check and drivers' license electronic capture solution from COWWW Software (www.cowww.com)...

  • Automated Advisors to Join Service Lineup at Affinity Plus

    ST PAUL, Minn. -Affinity Plus Federal Credit Union will be offering its 123,000 members some free financial advice soon, online and automated. The $973 million credit union has signed on with Experion Systems to use its Loan and Deposit Account Advisors tool. The interactive solution emulates the dialogue of a...

  • Integrated Member Contact Center Software Offered by OSI

    GLASTONBURY, Conn. - Open Solutions Inc. is now delivering a browser-based platform that gives tellers and call center staffers integrated access to CRM, transaction and business process management tools. The Interaction Management Center (IMC) integrates capabilities that normally have to be accessed by going from application to application, the company...

Quotes Worth Quoting

  • Quotes Worth Quoting

    "All in all we're pleased. It was a broad general overview." -CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn said following a hearing last week in the House Ways and Means Committee on the tax-exempt sector. "[T]here is little or no evidence credit unions are better...

From the Board Room

  • NACUC Issues Call to Credit Union Board Leaders

    DEL MAR, Calif. - The National Association of Credit Union Chairmen is set to unveil what it takes to be an effective credit union chairman during its Leadership Development Seminar June 12-14 at the L'Auberge Del Mar Resort and Spa. The seminar will be led by Dan Clark, president of...

  • MaPS CU Elects Supervisory Committee Officers

    SALEM, Ore. - Community leaders Gary Nelson, Brad Tedrow, and Brant Wolf recently were elected to the Marion & Polk Schools Credit Union Supervisory Committee. Gary Nelson, a retired Salem businessman and MaPS member since 1988, was elected chairman of the committee. He has been a Supervisory Committee member since...

  • Paragon Group Institutes Focus on Improving Leadership Skills

    OLYMPIA, Wash. - The Paragon Consulting Group, LLC has recently announced three conferences for credit union leaders. The Supervisory Committee Institute, co-sponsored by the Washington Credit Union League will be held August 8-10 at the Seattle Marriott Waterfront Hotel. With the demand on Supervisory Committee members rising given mounting regulations...

  • CUES Unveils Director Education Center

    MADISON, Wis. - In an effort to help credit union boards stay current, CUES has launched the Director Education Center. The online program of comprehensive governance courses consist of 13 core and 12 elective classes designed to only address topics relevant to directors. Participants have the choice to take courses...

News Briefs

  • OTS Director Gilleran Makes Exit

    WASHINGTON-Office of Thrift Supervision Director James E. Gilleran recently announced that he will leave his post at the regulatory agency as of April 29. Gilleran has served at OTS for more than three years. Under his tenure, the thrift industry grew and is the healthiest in its history. He credited...

  • Alabama Credit Union League First League to Join MDC

    BIRMINGHAM, Ala. - The Alabama Credit Union League Board of Directors has unanimously approved a $100,000 investment to purchase one Class A share in the Members Development Company, LLC, making the ACUL the first U.S. league to join MDC. Alabama Credit Union League President/CEO Gary Wolter commended the board for...

  • CU National Mortgage Taps CUMAnet President as Their New VP of National Sales

    PINE BROOK, N.J. - CU National Mortgage, a wholly-owned subsidiary of US Mortgage Corp., which provides mortgage lending services to credit unions throughout the U.S., has named Ira Oskowsky its new Vice President of National Sales. Oskowsky has spent the last five years as president of Credit Union Mortgage Alliance...

  • CCUL Charges Search Committee with Finding Chatfield's Successor

    RANCHO CUCAMONGA, Calif. - It won't be easy finding a new president/CEO of the California Credit Union League, but that's the job assigned to a seven-person search committee the League has formed to implement its succession plan and recruit and select CCUL's new leader. Chatfield recently announced his plans to...

  • Texans Financial Taps Former CUNA Mutual Exec Kirkindoll as President

    RICHARDSON, Texas - Gary Kirkindoll, a former vice president at CUNA Mutual Group, has left to become the new president of Texans Financial. Texans Financial is the wholly-owned subsidiary of $1.5 billion Texans Credit Union. Kirkindoll will be responsible for overseeing the overall planning, development, operations and financial results of...

  • CORRECTIONS

    An article in the April 6 issue, "New CU Car Loans Program Helps Declined Auto Loan Applicants" mistakenly identified the credit union involved as 1st Community Credit Union. The CU has a federal charter and is called 1st Community Federal Credit Union. This is the correct logo for 1st Community...

  • Pulse Adopts Tiered Interchange Schedule

    HOUSTON - Credit unions which use the PULSE EFT network, will see an average 20% increase in their PULSE interchange starting June 1, 2005 as the debit network adopts a tiered interchange structure similar to that used by MasterCard and Visa. Previously the network, which had been owned by financial...

People

  • MIDWEST

    Postal Credit Union, Woodbury, Minn., has promoted Patty Kamas to business development manager. Community Choice Credit Union, Livonia, Mich., has appointed Leonard Carleton chief financial officer. First Ohio Community Federal Credit Union, North Canton, CEO Kim Lapinski has been elected Ohio Credit Union League Stark County Chapter board director. IU...

  • WEST

    Global Credit Union, Spokane, Wash., has promoted Sue Welberry to business and member development manager and Ronda Reichert to MBSC operations manager. The Golden 1 Credit Union, Sacramento, Calif., has named Lisa Marie Florie Elk Grove Commons branch manager. Alliance Credit Union, San Jose, Calif., has named Bruce Fox chief...

  • SOUTH

    Dow Louisiana Federal Credit Union, Plaquemine, has promoted David Blazier to vice president of marketing and Mary Coghlan to vice president of human resources. Florida Credit Union League, Tallahassee, has named Julianne Talley conference director for KNOWMORE, the League's education department and Mike Silvers KNOWMORE sales and performance consultant.

In Memoriam

  • In Memoriam

    Credit Union of Southern California, San Diego, Calif., former CEO Joe Incorvaia has died at the age of 85. The CU pioneer took over the Assistant Treasurer/Manager position of the Whittier Area Schools FCU in the 1950s when it had less than $100,000 in assets. While teaching full time at...

  • Williams, President/CEO Listerhill CU, Dies

    BIRMINGHAM, Ala. - Charlotte Young Williams, former president/CEO, Listerhill CU, died April 17 after a long but courageous battle with cancer. She was 56. An employee of Listerhill CU, Muscle Shoals, from 1974-2002, she headed the credit union - one of Alabama's largest with more than $268 million in assets...

Voting Poll

In Other News

  • DONATIONS

    Postal Credit Union, Woodbury, Minn., has raised $4,075 to Hunger Solutions, a statewide partnership of organizations dedicated to eliminating the root causes of hunger. Funds were raised during a "skip a payment" promotion where $20 would be donated to Hunger Solutions for each member who opted to skip a payment....

Opinions

Publisher's Column

  • CUNA Credit Union Name Change Long Overdue

    Although it is a huge and sometimes emotional step, hundreds of credit unions have undergone a name change in recent years. But when a credit union traces its founding back to two of the credit union "movement's" most revered pioneers, Roy Bergengren and Tom Doig, and when that CU has...

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