Credit Union Times Magazine August-24, 2005

In Other News

  • DONATIONS

    American First Credit Union, La Habra, Calif., has donated $9,600 to the Childrens Hospital Los Angeles. Funds were raised through weekly contributions to the "Credit Unions For Kids" program by employees over the past year. By participating in the program for the past eight years, American First CU staffers have...

  • AWARDS

    Insight Financial Credit Union, Orlando, Fla. has been awarded the Dora Maxwell Award for Outstanding Achievement in Social Responsibility by the Florida Credit Union League. The credit union received this year's second place honor for their efforts during the "Making Strides Against Breast Cancer" fundraising campaign to benefit the American...

  • BRANCHING OUT

    Delta Employees Credit Union, Atlanta, Ga., has broken ground on its fifth Atlanta branch. The new branch is slated to open in the fall of 2005 in the Summit Point Shopping. Atlanta based design/build firm Level 5 has been tapped to develop and implement a complete branding and retail delivery...

News

News Briefs

  • FinCEN Clarifies CTR Filing with FAQ

    WASHINGTON-The Financial Crimes Enforcement Network sought to clear up confusion about how to file currency transaction reports with guidance based on `Frequently Asked Questions.' To help financial institutions better understand how to file currency transaction reports seven-question document. The guidance seeks to clear up when the reporting of transactions using...

  • Louisiana Corporate's Savoie Aims for Chief Status

    METAIRIE, La. - Louisiana Corporate CU CEO David Savoie is set to earn a few more stripes. Savoie, who spent a year away from the corporate to work at the Pentagon during the military's Operation Enduring Freedom campaign, is currently a Navy reservist with the rank of First Class Petty...

  • Horizon FCU Picks Up Membership of Insolvent CU

    ALEXANDRIA, Va.-NCUA liquidated $11 million Lock Haven Area Federal Credit Union August 8 and transferred member accounts to Horizon Federal Credit Union of Williamsport, Pa. The agency had determined that the credit union was insolvent. According to the March 2005 Call Report, Lock Haven had -3.81 net worth. NCUA was...

  • HUD Notice Means CUSOs to Send HMDA Data Directly to Fed

    WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) has notified non-supervised lenders that currently submit their Home Mortgage Disclosure Act data to the agency, to send their data to the Federal Reserve Board starting Sept. 15. NAFCU Regulatory Affairs Director Gwen Baker said the notice applies to...

  • Pennsylvania State Regulator, PCUA, CUs File Briefs in Community Charter Case

    HARRISBURG, Pa. - The Pennsylvania Department of Banking, the Pennsylvania Credit Union Association and three state-chartered CUs filed briefs in Commonwealth Court on Aug. 10 regarding the ongoing litigation with the bankers over community charters. The three credit unions were Corry Jamestown CU, Freedom CU and TruMark Financial CU, the...

  • HVHS Credit Union Receives TIP Charter

    SEWICKLEY, Pa. - HVHS Credit Union has a new charter and a new name. The $21 million CU has changed its name to PA HealthCare Credit Union after receiving approval from the state's regulator to convert to a trade, industry or profession charter. Chartered in 1973, the CU previously served...

  • Letter to CUs States NCUA 5300 Review Yields Improvements

    ALEXANDRIA, Va.-NCUA found "significant opportunities to increase efficiency and effectiveness" in its 2004 "comprehensive review" of the 5300 Call Report data collection, analysis, and reporting processes. NCUA will implement "innovative technological improvements beginning with the Sept. 30, 2005 reporting cycle. "These improvements will reduce costs, increase data integrity, expedite information...

  • CURIA Sponsor Comes Under Attack

    BATON ROUGE, La. - Seeking to bolster a CURIA co-sponsor under attack from the banking lobby, the Louisiana Credit Union League said it has generated nearly 200 "thank you" letters to U.S. Rep. Rodney Alexander (R-Monroe) to demonstrate the industry "is behind this bill." "The response from our credit unions...

Marketing

  • Robins FCU E-Statement a Hit

    WARNER ROBINS, Ga.- A "See the Big Picture" E-Statement promotion has not only benefited Ellis Brezial who won a Samsung 42" Plasma television but Robins Federal Credit Union's bottom line. "We've seen great results from the E-Statement promotions, gaining thousands of new accounts and it's teaching the members that they...

  • US FCU to Jazz Up Community Event

    BURNSVILLE, Minn. - As title sponsor of the popular Art and All That Jazz Festival, US Federal Credit Union is building its presence in the community. The festival, free and open to the public, offers jazz music by national talent Nick Colionne and local high school all-star musicians along with...

  • Visions FCU Sponsors Music Festival

    ENDICOTT, N.Y. - Visions Federal Credit Union has recently teamed up with the Tioga County Council on the Arts to sponsor the Annual Hickory Smoked Music Festival. Musical artists included Mike Albert & the Big E Band with a tribute to Elvis, Steve Southworth & the Rockabilly Rays and many...

  • Louisiana CUs Team Up for Financial Literacy

    HARAHAN, La. - The Louisiana Credit Union League, Neighbors Federal Credit Union and Campus Federal Credit Union had a presence at the Youth Financial Educators' Summit in Baton Rouge. The conference, hosted by the Louisiana Jump$tart Coalition, was designed to provide information about new developments in literacy education to Louisiana...

  • Corporate Design Associates Ad Agency for Insight Financial CU

    ORLANDO, Fla., - Insight Financial Credit Union has named Corporate Design Associates (CDA) the agency of record for its advertising needs. "We chose Corporate Design Associates as our agency of record due to the agency's fresh approach during the credit union's name change in 2003, and for their work to...

  • Hopewell FCU Takes Time to Show Members Appreciation

    HEATH, Ohio - To thank members for their loyalty, Hopewell Federal Credit Union provided a fun day of appreciation. With an eye on "pampering", the credit union treated members to free food, drinks, ice cream, and free chair massages. In addition members had the chance to win prizes, which included...

  • Fort Belvoir FCU Helps Kids Have "Fun with Money"

    FORT BELVOIR, Va. - Fort Belvoir Federal Credit Union is connecting with its younger future consumers by hosting a "Fun with Money" day. As part of its partnership with Minnieland Private Day School and Christian Hope Early Development Center, the credit union treated over 50 children to learn first hand...

  • Workers' CU Keeps Community Cool

    FITCHBURG, Mass. - Forget the old fashioned ice-truck, Workers' Credit Union has recently hosted an ice cream extravaganza at its latest branch. The credit union tapped the Magic Bus, an authentic British double-decker bus, which has been converted into a full-service mobile ice cream parlor. Picture here Thomas Trahan and...

  • MAC Hosts PR Best Practices Workshop

    INDIANAPOLIS - The Marketing Association of Credit Unions (MAC) wants to help credit unions brush up their public relations skills. MAC will host workshops on "Best Practices in PR: Affordable and Efficient Ways of Maximizing Your Credit Union's Presence in the Community" on September 13 and 14 in Northern and...

Tech Bytes

Special Report

  • Cincinnati Magazine Honors DEI Inc.

    CINCINNATI - Design/build firm DEI Incorporated has picked up an award for "Commercial Design Under 3,500 Square Feet" in Cincinnati Magazine's 3rd Annual Interior Design Competition. Thirty-one interior design projects received top honors. Cincinnati Magazine's interior design competition honors outstanding and innovative residential and commercial interior design in Cincinnati, Dayton...

  • MVFCU Redefines Drive-Thru Service

    NORTH ANDOVER, Mass. - Merrimack Valley Federal Credit Union recently helped its members stave off the summer heat while waiting in the drive-up with cool drinks. The idea behind the move is that if members have to leave their homes to do their transactions then the credit union would make...

  • SSFCU Boerne Service Center "Best of the Best"

    SAN ANTONIO - Security Service Federal Credit Union's Boerne Service Center has taken home second place honors in the "Best of the Best" Reader's Choice Awards competition published annually in the Boerne Star & Hill Country Recorder, the city's local newspaper. Each year, the competition allows the local residents to...

  • Pen Air FCU Hosts Grand Re-opening

    PENSACOLA, Fla. - With its North branch re-opening, there's plenty for Pen Air Federal Credit Union to celebrate. The facility, which is one of the credit union's busiest branches, has been closed since Hurricane Ivan devastated the area on September 16, 2004. Located in the heart of what is known...

Letters to the editor

Opinion

Publisher's Column

  • A Potpourri Look At the World of Credit Unions

    It is time to take another potpourri look around the credit union world and make some observations. Most reactions to a recent column highlighting some of the things I think credit unions can do without have come in on an off the record basis. Understandably. A credit union CEO said...

Publisher's Notebook

  • We Want Your Mug

    A picture is worth a 1,000 words goes the old adage. Maybe that's why the use of good quality color photographs in the editorial pages of Credit Union Times has increased so dramatically over the past 18 months or so. Even the greatly expanded letters to the editor section now...

People

  • SOUTH

    South Carolina Federal Credit Union, North Charleston, S.C. has named Troy Hall chief operating officer. GTE Federal Credit Union, Tampa, Fla., has named Dr. Zigmund Kryszak senior vice president organizational development. Georgetown Kraft Credit Union, S.C., has promoted Tracy Cameron to head teller and Olivia Williams to technology services manager....

  • MIDWEST

    MidWest Financial Credit Union, Ann Arbor, Mich., has named Jon Kabel vice president of financial services. Iowa Credit Union League, Des Moines, has named Emily Oliver public affairs specialist. Mazuma Credit Union, Kansas City, Mo., has named Eric Jones vice president of business services.

  • SOUTHWEST

    EECU, Fort Worth, Texas, has named Joe Rossa vice president of lending. University Federal Credit Union, Austin, Texas, has named Edward J. Christians senior manager of information technology.

  • WEST

    Valley Credit Union, San Jose, Calif., has named Jess Gutierrez vice president of finance and Althea Morris assistant vice president of lending.

  • VENDORS

    Countrywide, a wholesale lender, has promoted Jeff Garrison to executive vice president prime lending. FICS, a mortgage technology provider, has promoted the following employees: Susan Graham to vice president of customer service; Anita Bush to assistant vice president of mortgage servicer development; Sherri Carr to assistant vice president of commercial...

Beyond the Job

  • Swimming, Biking, Running Everyday Exercise for CU Operations Officer

    HOUSTON -Debbie Weir, VP of Operations for StarTrust Federal Credit Union works hard at the office, but outside the office she really goes the distance. Debbie recently competed in and finished her first IronMan Competition, a grueling combination of a 2.4-mile swim in open water, a 112-mile bike ride and...

  • `Dirt Racing' Ideal Fit for West Virginia CFO

    PROCTOR, W. Va. - Talk about "eating dirt" and racing cars and you have the perfect recipe for fun and excitement enjoyed by Ronald Rush, vice president and chief financial officer for the $172 million Bayer Employees Federal Credit Union, here. "Sure, it's kind of a family affair since my...

  • NIH FCU's Forsyth Bikes for Conditioning, Adventure

    ROCKVILLE, Md. - Mark Forsyth finished a few hours ahead of Lance Armstrong in one of the grueling mountain stretches of the Tour de France last year. Not bad for a 43-year-old senior manager at a suburban Washington credit union. Of course, Forsyth had quite a head start. An avid...

Billlionaires Club

From the Board Room

  • First Florida CU Board Director Elected NACUSAC Chair

    JACKSONVILLE, Fla. - First Florida Credit Union Board Director and audit committee member Linda Treml has been elected chairman of the National Association of Credit Union Supervisory and Auditing Committees. Treml has served First Florida CU in various capacities for over 25 years. NACUSAC is the only national trade association...

  • Altura Credit Union Elects New Officers

    RIVERSIDE, Calif. - While new officers have been elected to the Altura Credit Union board, the CU hasn't forgotten its former chairman. In a show of support for former Board Chairman Larry Ward, who has been appointed interim Riverside County Recorder/ Clerk/Assessor to replace Gary Orso, who retired earlier this...

  • Visions FCU Volunteers of the Year Honored

    ENDICOTT, N.Y. - Visions Federal Credit Union staffers' volunteer efforts have recently been recognized. Business Development Specialist Vickie Mauro has has been awarded the "Volunteer of the Year" award from the American Heart Association. Mauro has been working with the American Heart Association for seven years and was recognized with...

  • NYIB Adds Swope to Board

    BAY CITY, Mich.-FinancialEdge Community Credit Union Marketing Manager Pam Swope has recently been elected North Central regional coordinator and treasurer for the National Youth Involvement Board (NYIB). The NYIB is a network of volunteers and professionals who help credit unions effectively attract, serve and educate young members. Swope brings over...

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