Credit Union Times Magazine August-03, 2005

In Other News

  • AWARDS

    BAI, Chicago, has announced its Credit Union Training program has won one Telly Award and three Videographer Awards. "Teller: Exceptional Service in Action," was awarded a Silver Telly in the video productions category, and the same production also received an Award of Excellence in the Videographer's video production category. Credit...

  • DONATIONS

    EDS Credit Union, Plano, Texas has sponsored the 15th annual North Texas Komen Race for the Cure, which benefits the work of the Susan G. Komen Breast Cancer Foundation. Some 40 employees and their families represented the credit union. To help spread the word that EDS Credit Union membership is...

News

News Briefs

  • NAFCU Brings in Financial Services Movers and Shakers for Caucus

    ARLINGTON, Va.-NAFCU is proceeding on toward a clean sweep of financial services leaders in the House for its 2005 Congressional Caucus slated for Sept. 18-21. NAFCU Director of Political Affairs Murray Chanow recently announced that House Financial Services Committee Chairman Mike Oxley (R-Ohio), Financial Institutions and Consumer Credit Subcommittee Ranking...

  • Shell Employees FCU Changes Name to People's Trust FCU

    HOUSTON - Shell Employees FCU has broken away from a 70-year old link. The $300 million CU has changed its name to People's Trust Federal Credit Union. It also recently expanded its membership to residents of the city of Houston. "The credit union is proud of its long association with...

  • NCUA Greets Fall with Two Economic Empowerment Summits

    ALEXANDRIA, Va.-NCUA Chairman JoAnn Johnson has announced two Access Across America Economic Empowerment Summits so far for this fall. NCUA will be hosting one of these free, one-day events in Nashville, Tenn. on Sept. 20. Credit unions from Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Puerto Rico, Ohio, South...

  • TNB CUs Heading to STAR

    DALLAS - The credit unions that process their credit card services with TNB Card Services have been able to move their debit processing to First Data's STAR Network since May 31, when the credit union-owned bank announced the platform's availability. Now the card processing firm has announced the first five...

  • CORRECTIONS

    * A story in the July 13 issue, "Overseas Branches Serve USA Federal's Key Military Market" featured the wrong logo for the credit union. This is USA FCU's correct logo. * In a listing of partners of the Callahan Credit Union Financial Services Limited Partnership in the July 13 issue,...

  • Senate Banking Hears from Six Financial Services Nominees, Hood Still Waiting

    WASHINGTON-The Senate Banking Committee, chaired by Senator Richard Shelby (R-Ala.), took the bulk of the day July 26 for hearings on presidential nominees to various positions in government. John C. Dugan had been nominated to head up the Office of the Comptroller of the Currency. Federal Deposit Insurance Corporation Vice...

  • Senate Appropriations Clears CDFI, CDRLF, CLF Funding

    WASHINGTON-The Senate Appropriations Committee has approved funding for NCUA's low-income grant program and Central Liquidity Facility, as well as Treasury's Community Development Financial Institutions Fund Program. On July 21, the committee approved $950,000 for Community Development Revolving Loan Fund grants, as NCUA had requested. The agency has two years to...

Marketing

  • American 1 FCU Safety Fair Largest Event for Credit Union

    JACKSON, Mich. - American 1 Federal Credit Union's recent safety focused events has attracted over 7,000 attendees. Held over three weeks in June, each Wednesday American 1 held a kids day, where companies, fire and police departments, and organizations presented health and safety information via interactive and educational booths. This...

  • United Consumers CU Gets Creative with Member Appreciation

    INDEPENDENCE, Mio. - For United Consumers Credit Union nothing says thanks like Member Appreciation Days held at its branches. "We know our members have many choices when it comes to taking care of their personal finances," said UCCU President/CEO Chris McCreary. "Member Appreciation Day is just a small token of...

  • US Federal Credit Union Helps Residents Relive the Old West

    NORTHFIELD, Minn. - Thanks to U.S. Federal Credit Union, a new band of cowboys will ride into town here as part of an annual "Defeat of Jesse James Days" event. Slated for September 10, the event celebrates when citizens of Northfield foiled a robbery attempt by Jesse James and his...

  • HCU Counts on Yellow to Reach Memebers

    MADISON, Wis. - Heritage Credit Union (HCU) has a new mascot and it is "Yellow Dude". "We are not a one-size-fits-all financial institution and we have a personality that makes our members feel comfortable coming to us for their financial needs. Yellow Dude will help us promote that mentality to...

  • Travis Credit Union, Solano Thunderbirds Gear Up for Summer Fun

    VACAVILLE, Calif. - Travis Credit Union wants to make sure residents here have 43 nights of family fun at Travis Credit Union Park. Travis CU's season-long sponsorship with Collegiate League's Solano Thunderbirds began with the first pitch thrown by Travis CU Board Chairman Stuart McIntosh followed by former A's pitcher...

  • Paragon Federal Offers "Market Wednesdays"

    MONTVALE, N.J. - With an atrium located in the center courtyard of its 100,000 square-foot headquarters, Paragon Federal Credit Union has launched "Market Wednesdays." The first Wednesday of every month, visitors enjoy free lunch, live music and unique shopping from local artisans and merchants selling items such as handmade crafts,...

Letters to the editor

  • Woodstock is Not a Foe of Credit Unions

    The story on the difference between credit cards issued by banks and those issued by credit unions in the July 13 issue was a clear exposition of the Woodstock Institute study on this subject. Terms and conditions are much clearer and hence fairer for cards issued by credit unions. But...

  • Kudos, There Certainly is a lot of Young Talent out There

    I wanted to congratulate Credit Union Times on recognizing some of the young talent that work within our industry in Paul Gentile's story on CEOs under 40 in the July 13 issue. As an under-40 president/CEO, I believe my peer group has significant talent within the credit union movement that...

  • Now Welch is a Mind Reader?

    Having been present when Debbie Matz made her statement, "Community Development Credit Unions represent not only the past but the future of credit unions," I want to do as Mike Welch did in his July 6 column and read her mind: She was referring to philosophy, a broader term than...

  • Sir, CUNA is "Not out of Bounds"

    I disagree with the viewpoint of Wally Murray in his letter to the editor in the July 20, 2005 issue. I do think that CUNA and our leagues need to prepare and adopt a conversion policy for credit unions converting to another type of financial institution. The policy statement is...

  • Thanks for Bringing Back the Memories

    Many thanks for the profile of me included in your look at past NCUA Board members in the July 13 issue, and for including the handsome portrait (color photography had not yet been invented when that one was taken!). July 13 was my mother's 93rd birthday - I expect reading...

  • Welch Nailed the Conversion Issue

    Thanks to Mike Welch for highlighting this bank conversion issue in his July 13 column. His comments are spot on. It's a very simple equation - follow the money. Keep ringing that bell - maybe some directors will get the message. I know the same process is occurring in other...

Publisher's Column

  • There Are Some Things CUs Can Do Without

    There are so many things credit unions want and need. Getting them is what keeps the individual credit unions and the dozens of credit union groups, especially the CU trade associations, running at top speed. But there are some things credit unions could do without. For example, every time I...

Voting Poll

Opinions

Staking Out the Stats

  • Staking Out the Stats

    As credit unions court Hispanic members, here's one study they need to pay attention to. According to the third annual AOL/Roper U.S. Hispanic Cyberstudy, a growing number of Hispanics are comfortable going online for everything from information gathering to downloading music. Hispanics now turn to the Internet to learn more...

People

  • WEST

    Dupaco Community Credit Union, Dubuque, Iowa, has named Kelly Newton mortgage consultant. Global Credit Union, Spokane, Wash., has named Kevin Bacon commercial loan officer. High Desert Federal Credit Union, Apple Valley, Calif., has appointed Frank J. Cunningham chief operations officer. Meriwest Credit Union, San Jose, has named Maria Sanchez assistant...

  • MIDWEST

    Massillon Area Credit Union, Ohio, has named Howard A. Wacker Wales Square branch manager. Prairie Trail Credit Union, Joliet, Ill., has named Vanessa Vercimak branch manager/business development; Sybil Gibson Frankfort branch supervisor; and Teresa Salyer Plainfield branch supervisor.

  • SOUTH

    CFE Federal Credit Union, Orlando, has named Brian Hartwigsen senior vice president of lending. Louisiana Credit Union League, Harahan, has elected the following officers to its board: Glen Beard chairman; Charles Kramer first vice-chairman; Virgil Allen second vice-chairman; Anna Grado treasurer; and Bobby Major Jr. secretary. In addition the following...

  • EAST

    Franklin Mint Federal Credit Union, Broomhall, Pa., has promoted Cindy Wanamaker to chief operating officer. In addition, FMFCU Community Relations Manager Richard Elam has been elected president of the Chester Rotary. Empire Corporate Federal Credit Union, Albany, N.Y., has named Matthew J. Behar financial analyst at its CUSO MemberTrade Advisory...

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