Credit Union Times Magazine July-27, 2005

In Other News

  • MILESTONES

    Hudson Valley Federal Credit Union, Poughkeepsie, N.Y., has taken home the grand prize in the first annual Beacon Hat Parade. Sponsored by the Beacon Arts Community Association, the parade was created to celebrate Beacon's heritage as the hat making capital of the Northeast. Some HVFCU employees spent about 40 hours...

  • NAME CHANGES

    Fort Bliss Federal Credit Union, El Paso, Texas, has celebrated turning 50 by changing its name to FirstLight Federal Credit Union. Food Processors Credit Union, Modesto, Calif., has recently changed its name to Community Trust Credit Union. United Teletch Federal Credit Union, Tinton Falls, N.J. has changed its name after...

  • DONATIONS

    Holy Rosary Credit Union, Rochester, N.H., has presented Wentworth-Douglass Hospital and Health Foundation with a donation of $5,000 in support of the new Community Dental Center. The Community Dental Center will provide low-income, uninsured and underinsured residents living in the hospital's service area with dental care. Credit Union West, Glendale,...

News

News Briefs

  • BJ's Seeks to Have Suit Dismissed

    MADISON, Wis. - BJ's Wholesale Club and its card processing firm, Fifth Third Bank, have made a motion to the Massachusetts court seeking to have a lawsuit from CUNA Mutual Group and 163 credit unions dismissed, according to a spokesman for CUNA Mutual. The insurer and credit unions are trying...

  • NCUA Permits Travel Reimbursement, IRS May Tax It

    ALEXANDRIA, Va.-According to a recent Letter to Federal Credit Unions, NCUA gives federal credit unions the authority to reimburse volunteer board members for reasonable travel expense, but that does not mean the IRS is not going to get their hands on it. NCUA Letter to Federal Credit Unions 05-FCU-02 states...

  • Heyward Named First Financial CU's New President/CEO

    ALBUQUERQUE, N.M. -Ben Heyward Jr., a 26-year veteran of the credit union movement, has been named president/CEO of First Financial Credit Union. He succeeds Jeff McDaniel who retired June 30 after serving as president/CEO of First Financial for nearly two decades. Heyward comes to First Financial from $1.1 billion California...

  • Pending Nominations on Senate Banking Docket

    WASHINGTON-The Senate Banking Committee last week announced hearings for pending nominations. According to the committee Web site, members will be considering pending nominations in morning and afternoon sessions on July 26. A Senate Banking staffer said the committee would likely announce exactly which nominations will be considered by the end...

  • Utah Earns NASCUS Re-accreditation for Another Five Years

    ARLINGTON, Va. - The Utah Department of Financial Institutions has earned a five-year re-accreditation by NASCUS. Utah was first accredited in 1995 and earned its first five-year re-accreditation in 2000. Accreditation is valid for a five-year period, subject to an annual review process that allows the accredited state agency and...

  • InfiCorp Picks Up Another

    ROYAL OAK, Mich. - The $124 million Royal Oakland Community Credit Union has sold its credit card portfolio to InfiCorp, according to Brookwood Financial, the card portfolio brokerage that facilitated the sale. The sale of the $7 million portfolio brings just over 4,000 accounts to InfiCorp, which has entered into...

Credit/Debit/ATM

Opinion

  • Protecting Your Web Site Grows in Importance

    Did you hear about the credit union Web site that installed viruses on members' PCs? Or the one that supplied graphics used in a successful phishing expedition? Or the site that captured member information and sent it overseas? Hearing these and other horror stories make credit unions want to turn...

Tech Bytes

  • USERS Names Benavidez SVP/CTO

    VALLEY FORGE, Pa. - Theresa Benavidez, one of the first employees of credit union data processor Symitar Systems, has changed coasts and joined USERS as SVP and chief technology officer. She was director of operations for Symitar when she left the company, a company where she spent 20 years. "This...

  • DI Extends Marketing Pact with LivePerson

    CALABASAS, Calif. - Digital Insight Corp. says it has extended through 2007 its marketing agreement with online help specialist LivePerson Inc. (www.liveperson.com). The New York-based company's Timpani platform combines live chat, email management and a self-service knowledge base to manage online sales and support. Digital Insight says the agreement will...

  • TransUnion Unveils Fraud Response Services

    WASHINGTON- With consumers increasingly holding all companies accountable for data breaches-regardless of fault-information solutions firm TransUnion has recently launched Fraud Response Services. The program is designed to alleviate the potential of data compromises while helping to protect both the consumer and the company's reputation. Fraud Response Services provides both proactive...

  • OSI's Canada Wing Extends Deal with Saskatchewan Cooperative

    GLASTONBURY, Conn. - Open Solutions Inc.'s Canadian operation has won a three-year extension of its data services contract with Credit Union Electronic Account Management Services (CEAMS), which represents 49 credit unions in Saskatchewan. Open Solutions Canada, which was Datawest until it was acquired last October by OSI, has been providing...

  • CCUL Donation to Fund Production of Web-Based Elder Abuse Protection Training

    RANCHO CUCAMONGA, Calif. - The California Credit Union League has donated $5,000 to the Elder Financial Protection Network to help finance the production of a Web-based version of the organization's award-winning Be Wise video training program, which trains employees of financial institutions to recognize and report suspected financial abuse of...

  • Space Coast CU to Deploy Corillian for Online Services

    MELBOURNE, Fla. - Space Coast Credit Union is converting to the Corillian Consumer Banking platform to serve the online needs of its more than 132,000 members, the $1.3 billion CU says. Space Coast also will deploy bill pay, integrated self-service functions and Corillian Family Banking, which allows members to grant...

  • BofA Rolls Out Multi-Factor Online Security System

    CHARLOTTE, N.C. - Bank of America says its new online security system, SiteKey, will be rolled out in Maryland, Virginia and Washington, D.C., and should be available nationwide by this fall. The Charlotte-based megabank, with 13.2 million online bankers, launched the service in Tennessee recently. Using technology from PassMark Security,...

Publisher's Column

  • From NAFCU to CAGW to Poll, CUs Make News

    Despite the lazy, hazy days of summer, there is still lots of news being made in credit union land during these traditional vacation days. As usual, the NAFCU Annual Conference and Exhibition was again a big newsmaker. (See most timely and comprehensive coverage in this issue.) A couple thousand credit...

People

  • WEST

    Alaska USA Federal Credit Union, Anchorage, has named Laurie Gardner Alaska USA Mortgage Company senior mortgage loan originator/Juneau office manager. America First Credit Union, Ogden, Utah, has named Jeri Griess Ogden IRS branch manager. Sterlent Credit Union, Pleasanton, Calif., has named Sue Raines vice president of loan administration and Wallace...

  • SOUTHWEST

    Texas Credit Union League, has named Jill Pharr Texas Credit Union Foundation executive director; Jack L. Blachly corporate counsel; and Lucinda Rocha director of chapters and councils in the member relations department. First Financial Credit Union, Albuquerque, N.M., has named Sharon Magee vice president of human resources and Dale Dedrick...

Letters to the editor

Publisher's Notebook

  • It's Called Stealing

    A growing number of credit unions, leagues, corporates, vendors, and other credit union groups have gotten into a bad habit. They regularly help themselves, for their own uses, to the original news product produced daily and weekly by the editorial staff of Credit Union Times. We do not consider this...

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