Credit Union Times Magazine July-20, 2005

  • Wescom CU Aligns with Bankers Systems for Business Lending Documentation

    PASADENA, Calif. - To facilitate its business lending documentation, Wescom Credit Union has partnered with Bankers Systems. The $3 billion CU will use the Rembrandt Lending System, which is based on Bankers Systems' Expere, a compliance knowledge base as well as industry best practices, the company said. Rembrandt Lending aims...

  • Santorum Addresses Federal Home Loan Bank of Pittsburgh Forum on Affordable Housing

    PALMYRA, Pa. - U.S. Sen. Rick Santorum (R-Pa.), a member of the Senate Banking, Housing and Urban Affairs Committee, addressed attendees at a forum hosted by the Federal Home Loan Bank of Pittsburgh on affordable housing and community development on July 6. Joining Santorum were officials of the Pennsylvania Housing...

  • New Faces, and Departing Faces

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  • CU Cites `Big Shoes' as BofA Departs Washington Towns

    COULEE DAM, Wash. -The splashy headlines from Bank of America about acquiring Delaware credit card giant MBNA don't mean much in rural Washington State where the news is more about credit unions filling the void left by BofA closing branches and leaving bankless towns with the prospect of economic decay....

  • Blaine and Conversion Lawyer Debate the Conversion Issue; CU Identity at Stake?

    ARLINGTON, Va. - Just over 100 executives with credit unions, credit union organizations and other groups gathered in a hotel meeting hall in Arlington, Virginia on July 11 to hear Jim Blaine, CEO of the $13 billion State Employees Credit Union, and Richard Garabedian, a lawyer with the Washington D.C....

  • Bruen Defends Tax-Free Status In Guest Editorial

    TRONA, Calif. - The battle of credit unions vs. banks is being fought on many fronts, including this 25,000-member desert community located on a state highway between Bakersfield and Death Valley. Eric A. Bruen, CEO of $14 million Searles Lake Community Federal Credit Union, published a guest editorial July 7...

  • Freddie Mac Offers Relief to Borrowers Affected by Dennis

    MC LEAN, Va. - Freddie Mac is extending its full menu of relief policies for borrowers affected by disasters to those families whose homes were damaged or destroyed recently by Hurricane Dennis. Freddie Mac VP of Default Asset Management Ingrid Beckles said borrowers affected by Hurricane Dennis can contact their...

  • First U.S. Community Ups the New Member Ante in Sacramento

    SACRAMENTO, Calif. -They say $100 doesn't buy much these days, but First U.S. Community Credit Union is hoping it will buy one new member - and result in about 1,200 new members by the end of the year. The $160-million institution is marketing the three-figure incentive to residents who live...

  • Supervisory Committees Take Role as Protector Seriously

    WEST PALM BEACH, Fla. - Regardless of the changing times, some say one constant is the credit union supervisory committee. "Our role today in a word is watchdog," said CEFCU Supervisory Committee Chairman Jim Gleich. "We are watching how the board goes about its business and staff to assure internal...

  • Texas Credit Union Regulator Keeping an Eye on Influx of Banks into State

    FORT WORTH, Texas - Amid profound shifts in the financial landscape that have made Texas a prime target for mergers and acquisitions, the state's 641 credit unions are feeling the impact of a banking boom that resounds from North Carolina to New York. Credit union managers and regulators across the...

  • Walls Named President/CEO New Jersey League

    HIGHTSTOWN, N.J. - After operating under an interim president for nine months, the New Jersey Credit Union League has named Robert Walls, former president of the Delaware Credit Union League, as its new president/CEO effective July 25. He takes over the leadership reins of the organization from League VP Mary...

  • U.S. Central's Corporate Network eCom Sells Off Tech Products to qbt

    NEW YORK - U.S. Central's Corporate Network eCom - in one deal - has gone through a major transformation. Corporate Network eCom is a majority owned tech-focused CUSO of U.S. Central. There is also an ownership interest from R&D CUSO Open Financial Solutions, which is led by Rae Miles and...

  • Prime Alliance Real Estate Services Celebrates First Anniversary; PA "Right on Intended Path"

    TUKWILA, Wash. - Twelve months after opening the first of its ancillary services for business, Prime Alliance Solutions has good reason to celebrate. Prime Alliance Real Estate Services, which celebrated its first-year anniversary July 4, issued a record number of rebates to members in June - more than $100,000. That's...

  • Pennsylvania Banking Secretary, Governor Withdraw Support for Payday Lending Legislation

    HARRISBURG, Pa. - Four months after he announced tough steps to address predatory lending in Pennsylvania and joined with Gov. Ed Rendell in supporting legislation that was intended to legalize the practice in the state while enforcing restrictions on loan amounts and providing consumer protections, Pennsylvania Banking Secretary Bill Schenck...

  • McHenry Legislation Would Curtail NCUA's Ability to Regulate Charter Conversions

    WASHINGTON - A bill which would strip the NCUA of some of its authority to regulate credit union-to-bank charter conversions arrived on the House of Representatives' agenda last week, courtesy of Representative Patrick McHenry (R-N.C.), the legislator who has taken NCUA Chairman JoAnn Johnson to task for her agency's stance...

  • Know Smart Moves, Bad Moves When You're Sued

    SAN JOSE, Calif. - You suddenly learn the credit union is being sued. What do you need to know, what should you do? The first step in most credit unions is to tell the boss. It makes perfect sense to alert the CEO and board chairman and get word to...

  • Florida Panhandle Credit Unions Start Hurricane Recovery Efforts - Again

    TALLAHASSEE, Fla. - For the thousands of people living in the Panhandle area of Florida, dealing with Hurricane Dennis that made landfall the afternoon of July 10 and the aftermath left in its path was far too reminiscent of what they'd gone through less than a year earlier during the...

  • NCUA Fires Back at FDIC Vice Chair's Anti-CU Testimony

    WASHINGTON-The NCUA chairman has refuted anti-credit union rhetoric put forth by FDIC Vice Chair John Reich in testimony for hearings last month on regulatory relief. As follow-up to the hearing in the House June 9, House Financial Services Committee Member Brad Sherman (D-Calif.) wrote Johnson later that month to respond...

  • Payday "Tactics" Get Aired in NAFCU Session

    LAS VEGAS - The court and regulatory skirmishing over payday loans - as well as their legitimacy - became a prime topic for attendees at a pre-opening day session of NAFCU's Annual Conference and Exhibition convening here last week. Providing a litany of the most recent legal actions by states...

  • NCUA Formally Invalidates Community's Vote; Court Action Appears Inevitable

    ARLINGTON, Va. - The chances that the dispute between the $1.4 billion Community Credit Union and NCUA over the credit union's attempt to change its charter to that of a mutual bank will wind up in court went up sharply last week as the agency formally invalidated the credit union's...

  • Security Service FCU Supervisory Chairman Honored by NACUSAC

    DEL MAR, Calif. - Robert Egger, chairman of the supervisory committee of Security Service FCU was honored with the 2005 Golden Service Award from the National Association of Credit Union Supervisory and Auditing Committees. Egger was presented with his award during the opening session of the association's recently held 2005...

  • Indirect Lending Helping CUs Pick Up Non-revolving Marketshare

    ARLINGTON, Va.-Indirect lending can be a boon to credit unions when done right. That's the message NAFCU, as well as NCUA has been trying to spread. In May, credit unions grew their non-revolving market share to 14.8% from 14.5% at the end of 2004. Though the increase as a percentage...

  • Members 1st FCU to Provide Financing for County's New Business Lending Project

    MECHANICSBURG, Pa. - A new business lending project in Cumberland County here has partnered with Members 1st FCU. The $1 billion CU along with F&M Trust have committed to providing funds to the new lending program. The loans will be available to eligible businesses seeking to finance growth-oriented expansion projects...

  • Bethpage Latest CU to be Reissuing Cards

    NEW YORK - Over six weeks after it came to light, still more credit unions are replacing credit and debit cards whose numbers were among the 40 million found to be compromised in a card security breach at CardSystems Solutions. The latest is the $2 billion Bethpage FCU which will...

  • Ithaca Joins with Albany, Syracuse in Support of Allowing NY CUs to Accept Municipal Deposits

    LATHAM, N.Y. - Add the City of Ithaca's Common Council to the list of supporters of proposed legislation that would amend state law and permit the deposit of municipalities' funds in credit unions and thrift institutions. The City of Ithaca's Common Council unanimously passed a resolution in favor of the...

  • Legislators Kick CU Board Meetings Up a few Notches

    TREVOSE, Pa. and Kent, Ohio -The credit union industry's political profile has blossomed in recent years, and there's no better indication of how strong it has become than the solid relationships many credit unions and credit union organizations now have with lawmakers. Take TruMark Credit Union for example. At the...

  • Prime Alliance Real Estate Services After One Year

    TUKWILA, Wash. - After just one year in business, Prime Alliance Real Estate Services can boast the following: * The service is used directly by 15 credit unions plus two organizations that exclusively serve CUs - CU Members and Members Mortgage. * The 15 CUs include: Addison Avenue FCU; Anheuser-Busch...

  • CUNA Opposes Specifics in Fed Check 21 Survey

    WASHINGTON-CUNA wrote the Federal Reserve Board in response to a request for comment that its proposed survey of institutions on Check 21 gets too much into the nitty-gritty. CUNA applauded the Fed's initiative to obtain feedback on Check 21 but feels the specific data the Fed is requesting would be...

  • HUD to Collect Largest Amount Ever in Agency's 30-year History of Mortgagee Review Board

    WASHINGTON - HUD has reached a "landmark" settlement with KB Home Mortgage Company in connection with a series of alleged violations of HUD requirements. The agency will collect $3.2 million - the largest amount ever collected in the 30-year history of HUD's Mortgagee Review Board which takes administrative actions against...

  • U.S. Soldiers Thank CU National Mortgage for its Support

    PINE BROOK, N.J. - Soldiers of Task Force 1-77 stationed in Balad, Iraq have sent a statement of appreciation to CU National Mortgage for the company's recent donation of care packages and its overall support of U.S. soldiers serving in the Middle East. Over the last few months, CU National...

  • Keesler FCU Board Director Ready to Serve MCUA

    BILOXI, Miss. - Keesler Federal Credit Union Board Director Dean Todd has been elected to a three-year term on the Mississippi Credit Union Association (MCUA) board of directors. This marks Todd's first term to serve on the MCUA board of directors. The Mississippi Credit Union Association is the state trade...

  • Ent Hopes New Brand Shows Members "Where You Belong"

    COLORADO SPRINGS, Colo. - After 48 years, Ent Federal Credit Union is revamping its brand with a new logo and tagline: Ent - Where you belong. The new logo features a stylized "E" surrounded by a solid red circle. The move for a new image was sparked from surveys conducted...

  • CUNA Meets with Treasury Officials to Reinforce CU Financial Education Efforts

    WASHINGTON-CUNA representatives met with Treasury officials recently to help boost credit unions' profile when it comes to financial education. CUNA Associate General Counsel Mary Dunn and Senior Regulatory Counsel Catherine Orr comprised the trade association's team at the July 6 meeting with Treasury Deputy Assistant Secretary for Financial Education Dan...

  • Visa Names New CEO

    SAN FRANCISCO - Visa USA has named a new CEO to replace Carl F. Pascarella, who held the CEO and president positions for Visa USA since 1993. Last July, Pascarella announced his intention to retire from the organization by September 2005. The new CEO is John Philip Coghlan, who comes...

  • Hurricane Dennis Forces NCUA Disaster Response

    ALEXANDRIA, Va.-NCUA has activated its disaster assistance relief policy to help credit unions and their members recover from damage caused by Hurricane Dennis. President George W. Bush declared major disasters in Alabama, Florida and Mississippi as a result of Dennis and ordered federal aid to supplement state and local efforts....

  • NAFCU Annual Conference Opens in Las Vegas

    LAS VEGAS - At press time, NAFCU's Annual Conference and Exhibition was opening in Las Vegas. Here are a few shots from the early hours of opening day. Also, see story on page 5.

  • MBA Projects "Robust" Economic Growth Through 2007

    WASHINGTON - The Mortgage Bankers Association released its three-year economic forecast update last week, and based on its findings the U.S. economy is in good shape. The MBA is projecting a "robust" economic growth of 3.5% through 2007. In addition, total residential mortgage production in 2005 will be $2.74 trillion,...

  • Wall Street Journal Offers A Profile On Eakes

    NEW YORK - The July 11 Wall Street Journal ran a profile of Martin Eakes, the CEO of the $188 million Self Help Credit Union, headquartered in Durham, North Carolina. Eakes and his former fianc, now wife, began Self-Help in 1980. The profile, which ran in the paper's Money and...

  • eCU Technologies Offers `Compromised Credit Card Services'

    HARRISBURG, Pa. - eCU Technologies is going first again, offering what it calls a uniquely proactive service for credit unions who want to protect their members against credit-card fraud. The tech CUSO of Pennsylvania State Employees Credit Union calls the offering "compromised credit card services" and says it includes customized...

Letters to the editor

  • CUNA is Out of Bounds

    As a credit union CEO, I am hard-pressed to envision circumstances that would cause me to recommend to my board of directors that we convert to something other than a credit union charter. However, having read the June 29 article entitled "CUNA Adopts New Conversion Policy," I am disappointed that...

  • Community Reporting Didn't Add Up

    Memo to correspondent Jana Fowler and whoever edited her story. Your headline reads: "Community Credit Union Members Overwhelmingly Vote in Favor of Conversion, ...." I'm sorry, I'm a little slow, so please help me here -36,000 members (20% of 177,000) voted; 25,560 votes were in favor of conversion (14.4% of...

  • Automotive and Firefighter CUs Have Proven Joint Conferences Do Work

    I'm writing in regards to two recent items in Credit Union Times - one entitled "Joint Automotive/Firefighter CUs Meetings to End" in the June 22 issue and the second, a letter to the editor in the July 6 issue entitled "Contrary to Story, Automotive and Firefighter CU Groups Getting Along...

  • MasterCard Taking Breach Too Lightly?

    I would just like to comment on the article written by David Morrison in the June 29th issue regarding the major credit card security breach. The security breach was caused by CardSystems Solutions keeping data "for research" - even though it was in violation of card regulations. CardSystems Solutions acknowledged...

  • Stick to Your Guns NCUA

    Regarding your voting poll inquiring whether NCUA has been too strict with the disclosure issues in the conversions of the two billion dollar Texas CUs, I say no they have not. I support the NCUA action concerning the conversion process in Texas. If the Texas credit unions chose not to...

  • Don't Bury CDCUs, Many are Thriving

    Mike Welch's column of July 6 takes NCUA Board Member Debbie Matz to task for remarking that community development credit unions (CDCUs) "represent not only the past, but the future of credit unions." He notes that this is a "pretty tall order for those little, often struggling folks." Well, yes...

  • From the Editor: Keep Those Letters Coming!

    Credit Union Times is proud to report that so far in 2005 every issue has contained letters to the editor. We're proud of this for two reasons. First, it's an indication that Credit Union Times is providing thought-provoking editorial coverage that is inspiring more readers than ever to write letters....

  • Brokers Help Bring Multiple Buyers

    David Morrison's article in the July 6th issue offered a good discussion of credit card portfolio sales. I'd like to answer a couple of questions that were raised. In many cases, a firm assisting buyers with the process is paid even when a credit union goes directly to a buyer....

  • Card Portfolio Brokers do Bring Value

    David Morrison's recent article, "MBNA's Decision Not to Work With Brokers Raises Independent Vendors' Profile and Highlights Kessler's Role" in the July 6 issue raised the question of the value independent brokers bring to credit card portfolio sales. InfiCorp has worked with independent brokers for years, and we find that...

News

  • Combating Predatory Lenders Can Start Small

    BALTIMORE-Medical Area Federal Credit Union is out to prove that a little can go a long way. Despite MAFCU's size at just $42 million in assets, it can compete with the big boys in the fight against predatory lending. "Whatever the resources that we have we do the best we...

  • Super Committees

    Supervisory committees represent an important check and balance for credit unions. Page 6.

  • Century Heritage FCU Using Community Charter to Better Serve Community

    BALTIMORE-Century Heritage Federal Credit Union President and CEO Vin Cerasuolo told Partnering and Leadership Successes workshop attendees that his credit union is using a community charter to better serve the area and improve the health of the credit union. There are 33 communities within Century Heritage's field of membership, Cerasuolo...

  • Matz Bids Farewell to her PALS

    BALTIMORE-Realizing that her term on the NCUA Board is coming to an end, NCUA Board Member Debbie Matz announced that the July 7 Partnering and Leadership Successes workshop would be her last. She quipped that she would be autographing programs at the end of the day. Despite her good-byes, Matz...

  • Study Recognizes CUs, Matz' Efforts to Fight Payday Lending

    BALTIMORE-Five credit unions were recognized in a recent study for their efforts to combat payday lending, while NCUA Board Member Debbie Matz was commended for speaking out on the issue. Sheila Bair, the dean's professor of financial regulatory policy at the University of Massachusetts-Amherst School of Management, released a study...

  • Members React Favorably to Landmark Credit Union's Investment Service In-House Move

    NEW BERLIN, Wis. - It's only been a couple of weeks since Landmark Credit Union's investment services were revamped but member feedback has been overwhelmingly positive. Effective July 1, the $975 million credit union made its investment services program a department within the fold rather than through its previous arrangement...

  • NCUA's Insurance Rule on College Savings Plans Stands, FDIC May Amend its Reg

    ALEXANDRIA, Va. - An NCUA rule that allows pass-through share insurance coverage for college savings plans is sufficient as long as the account owner is a member of the federally insured credit union where the account is maintained and the account is properly titled, the regulator recently said. The Wisconsin...

  • Ceto Sees Strong CU Interest in Deposit Reclassifications

    ATLANTA - Ceto and Associates, a national consulting firm providing revenue enhancement solutions for the financial industry, announced that it has increased its credit union Deposit Reclassification clients by more than 400% this year. Here's how deposit reclassification works: interest and non-interest checking accounts are segmented into separate subaccounts unique...

  • Top CUs in Investments as Percentage of Assets

    WASHINGTON - When it comes to investments as a percentage of assets, the industry average is nearly 32% for the top credit unions in that category with the average yield at 2.82%, according to Callahan & Associates, Inc. Below is the top 25 in this category.

  • USA FCU Sees Success with `Retire Secure' Plan

    AUBURN HILLS, Mich. - USA FCU recently shared the success it's having with Principal Financial Group's Retire Secure plan. The CU has been offering Retire Secure since 1996 and participation rates among employees are as high as 96%, Tina Marie Wohlfield, USA Federal's HR administrator recently told Employee Benefit News....

  • Payday Borrowers Not Who You Think They Are

    BALTIMORE-Things are not always as they seem. Maryland Credit Union League President and CEO Mike Beall explained this to attendees of the latest Partnering and Leadership Successes workshop, like payday loan borrowers. Beall related Energy Federal Credit Union's experience with its alternative payday loan program, which has done 4,000 such...

  • Investors May Not be Using 401(k) Preset Asset Allocation the Right Way, Study Shows

    NEW YORK - Even though more 401(k) plans are offering mutual funds with preset asset allocation features, some aren't using them the way they were intended. Ideally, the funds are established to be stand-alone but investors are using them, commonly referred to as asset-allocation of lifestyle funds, as another investment...

  • Agencies Still Tops With CUs

    WASHINGTON - Continuing the trend from year-end 2004, federal agency securities continue to retain the top spot on where credit unions are investing followed a distant second by corporate credit unions, Callahan reports. Mutual funds were the least likely spot for investments at 1.3%.

  • We're All PALS Here

    Turn to pages 24-25 for the latest edition of NCUA's PALS workshop.

  • ASI FCU: Not your Typical CU

    BALTIMORE-With only $203 million in assets and 80,000 members, ASI Federal Credit Union is not your ordinary credit union. Even though 50% of the credit union's loan portfolio is in mortgages and small business loans, according to ASI FCU President and CEO Audrey Cerise, their average loan is $10,000. Part...

Tech Bytes

  • National Internet Usage Study Shows Spyware Takes a Toll

    WASHINGTON - The continuing assault of spyware, adware and other intrusive programs on Internet users is having an effect, something credit union managers may want to keep aware of as they work to keep that channel open for communication and transactions with their members. A new report from an authoritative...

  • BECU Launches Use of CashEdge Inter-Institution Transfer Tools

    SEATTLE - BECU has deployed the inter-institution transfer solution TransferNow from CashEdge Inc. to allow the CU's more than 400,000 members to transfer money to or from accounts at more than 20,000 other financial services. "With our high penetration of online banking users, adding the CashEdge inter-institution transfer capabilities is...

  • CUTEK Consultancy Announces Initial Client List

    MURRIETA, Calif. - CUTEK, a tech consultancy specializing in Symitar Episys deployment and integration, says it has signed six credit unions, including $2.8 billion San Diego County CU, in its first two months. CUTEK was formed by a group of former Symitar staffers who left eCU Technologies, the tech CUSO...

  • eCU Technologies Hires Eastern U.S. Sales Director from Maryland CU

    HARRISBURG, Pa. - eCU Technologies has hired the IT director of Atlantic Financial Federal Credit Union to handle sales of the tech CUSO's products and services east of the Mississippi. Dana Keller had joined Atlantic Financial in 1999 and was responsible for a number of award-winning initiatives at the $60...

  • Partners FCU Becomes Third Adopter of Compliance Commander

    ANAHEIM, Calif. - Partners Federal Credit Union has become the third CU to announce it is deploying the Compliance Commander network traffic monitor from Intrusion Inc. The $240 million CU will use the device to detect and block unencrypted transmissions of non-public information - including addresses, Social Security and account...

News Briefs

  • California HSA Bill on Way to Schwarzenegger's Desk for Signature

    SACRAMENTO, Calif. - On July 11, the California Senate unanimously approved AB 434, legislation that will allow state-licensed credit unions to offer health savings accounts, giving them parity with federal credit unions that can already offer the accounts. The bill now requires the signature of Gov. Arnold Schwarzenegger within 10...

  • Bush Appoints Stephen Galvan as SBA Acting Deputy Administrator

    WASHINGTON - Stephen Galvan has been named the SBA's acting deputy administrator by President Bush. Galvan, who is currently serving as the SBA's chief of staff and chief operating officer, has been with the agency since July 2004. He is taking over the deputy administrator spot from Melanie Sabelhaus, who...

  • Banks will Succeed in Halting MBL Cap Increase, Kiplinger's Predicts

    WASHINGTON - Once again, banking lobbyists will be successful in their attempts to stop the member business lending cap from being increased to 20%, according to Kiplinger's. In its July 1 issue, the publication wrote "credit unions won't win a bigger share of business loans...again." "Every year, they try to...

  • Dollar Associates Adds Alabama CU League

    BIRMINGHAM, Ala. - Dollar Associates, LLC continues its successful run of bringing on new clients. The consultancy, led by former NCUA Chairman Dennis Dollar and former NCUA exec Kirk Cuevas, has added the Alabama CU League to its client list. Just recently Dollar Associates signed up Centrix Financial, which is...

  • Belco CCU Gets Community Charter

    HARRISBURG, Pa. - Membership in Belco Community CU, which has only been available to employees and members of over 700 partner companies and organizations, is now open to seven counties in Pennsylvania. On July 8, the Pennsylvania Department of Banking approved a community charter for the $237.3 million credit union...

  • Evansville Teachers FCU Surpasses $500 Million in Assets

    EVANSVILLE, Ind. - From its humble beginnings in 1936, Evansville Teachers FCU has grown to surpass the $500 million in assets mark. The credit union said the milestone was achieved in large part due to "phenomenal growth" in recent years. In 2004, assets increased $54 million and as of June...

People

  • SOUTH

    South Carolina Federal Credit Union, North Charleston, SC has promoted Art Harper to vice president of electronic services. Jax Federal Credit Union, Jacksonville, Fla., has named Jasmine Hapgood business development specialist. Safe Federal Credit Union, Sumter, S.C., has named Nathan Stevens vice president of mortgage services. North Carolina Credit Union...

  • MID WEST

    Emery Federal Credit Union, Cincinnati, Ohio, has promoted Joseph D. Lind, Jr. to CEO. He replaces John Wagner who retired on June 1. Security Federal Credit Union, Flint, Mich., President/CEO Terry Pierce has been elected vice chairman of the Michigan Credit Union League.

  • SOUTHWEST

    San Antonio Federal Credit Union, has promoted Francine Ball to assistant vice president / product manager for SACU Financial Solutions, Ltd., a wholly-owned subsidiary of the credit union. First Financial Credit Union, Albuquerque, N.M., has named Sharon Magee vice president of human resources and Dale Dedrick assistant vice president, Western...

In Other News

  • SCHOLARSHIPS

    Electro Savings Credit Union, Maryland Heights, Mo., has awarded $1,000 college scholarships to three of its members. Receiving the scholarships were Lea Ruppert, O'Fallon, Adam Boehmer, and Michael Ringkamp. Students were selected based on their academic achievement, extracurricular involvement, and a written essay on what they hope to accomplish through...

Special Report

  • Students Run the Show at SAFE FCU H.S. Branch

    RIO LINDA, Calif. - When students return to classes next month at Rio Linda High School, they'll not only be getting an education they can bank on, but an education about credit unions as well. That's because a branch of SAFE FCU will be operating at the school, staffed and...

  • Alabama Credit Unions Kick off The CU House Project

    GADSEN, Ala. - Alabama Teachers Credit Union has helped break ground on "The Credit Union House" project. The house is a combined project of four local credit unions: Alabama Teachers CU, Family Savings Federal CU, Community CU and United Fellowship Federal CU. Each credit union donated funds and Alabama Teachers...

  • MaPS Credit Union Unveils New Administrative Center

    SALEM, Ore. - Marion and Polk Schools Credit Union has recently celebrated turning 70 with the opening of its new Administration Center here in downtown Salem. The new 43,000 square-foot building is located at the former site of a PGE line depot, shop and warehouse. MaPS administrative employees now occupy...

Opinions

Publisher's Column

  • To Put It Politely, Mind Your Own Business

    There are probably very few among us who at some point while growing up were not on the receiving end of being told to "mind your own business." Perhaps it is time to send that same message to the long list (and getting longer) of individuals and organizations who seem...

Looking Back

  • CREDIT UNION TIMES Vol. 9, No. 29 July 22, 1998

    Looking back seven years ago finds some 6,000 people descending on the Capitol to make one last impassioned plea in support of the passage of the Credit Union Membership Access Act (H.R. 1151). "We have not had a credit union gathering like this since 1991 when Operation Grassroots assembled in...

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