Credit Union Times Magazine May-04, 2005

News

News Briefs

  • Presumed Virginia Gubernatorial Candidates Voice Support for CUs

    RICHMOND, Va. - Credit union attendees at last week's Virginia Credit Union League Annual Meeting heard the presumed Democratic and Republic gubernatorial candidates express their support for credit unions' continued tax exemption. Lt. Gov. Tim Kaine and former Attorney General Jerry Kilgore, also told attendees they support ensuring parity between...

  • NCUA Hands Out Two More TIPs

    ALEXANDRIA, Va.-HealthNet Federal Credit Union and Georgia Power Federal Credit Union were granted TIP-trade, industry, or professional-single occupational common bonds by NCUA in March. HealthNet's new charter allows it to serve employees, independent contractors, or self-employed persons who work regularly in the health care industry in Shelby, Lauderdale, or Henderson...

  • CULAC's Large Contributions to GOP Nearly Double Dems

    WASHINGTON-The bulk of the largest contributions to congressional candidates coming from the Credit Union Legislative Action Council of CUNA in March went to Republicans, the controlling party in Congress. Nebraska Republican Jeff Fortenberry received $8,000 from CULAC in March. Several Republican lawmakers-including Senator Jon Kyl (Ariz.), House Majority Leader Tom...

  • CUNA Lays Stakes at Financial Literacy Day on the Hill

    WASHINGTON-CUNA manned its post on Capitol Hill last week with a booth during a Financial Literacy Day event. The April 27 event to promote financial literacy was sponsored by Representatives Judy Biggert (R-Ill.) and Ruben Hinojosa (D-Texas)-co-chairs of the Financial and Economic Literacy Caucus-Senator Daniel Akaka (D-Hawaii), the Jump$tart Coalition,...

  • New York League Calls First Time CUPAC Fundraising Dinner a Success

    LATHAM, N.Y. - The New York State Credit Union League says its first fundraising dinner to benefit its state political action committee "far surpassed expectations." The fundraising event was held April 11 at one of the state capital's top political hangouts, Jack's Oyster House. The League raised just over $7,200...

Tech Bytes

  • Instant Plastic Cards, Secure Messaging and More at USERS Meeting

    VALLEY FORGE, Pa. - Browser-based teller and lending solutions, do-it-yourself credit cards and secure messaging were among the topics at USERS Inc.'s Spring User Group Meeting at the Baltimore Marriott Waterfront. The April 21-22 meeting attracted several hundred attendees who got a look at the latest and what's coming up...

  • eCU Technologies to Offer Aggregation to Symitar Member Connect Clients

    HARRISBURG, Pa. - eCU Technologies, the technology CUSO of Pennsylvania State Employees CU, has partnered with Teknowledge to offer account aggregation. Aggregation will be available within Symitar's Member Connect online banking solution with single sign-on through Powerlink XML. eCU Technologies' aggregation solution does not use screen scraping to aggregate member...

  • Symitar Signs $1.7 Billion San Antonio FCU

    MONNETT, Mo. - Jack Henry & Associates has signed eight new credit union clients to the Episys system, the core product of its Symitar subsidiary, during its third fiscal quarter ending March 31, 2005. Among the signings was the $1.7 billion San Antonio FCU. According to Jack Henry, there are...

  • Fiserv Seeing Some Organic Growth

    BROOKFIELD, Wis. - Fiserv's stock (FISV on the NASDAQ) hit a 52-week high of over $42 last week after it announced record first quarter earnings. Fiserv, with seven credit union data processing subsidiaries, had revenues of $882.3 million in the first quarter, up 9% over 2004. More importantly for the...

  • Open Solutions Nets First Canadian Credit Union Conversion

    GLASTONBURY, Conn. - Open Solutions Inc. has won its first Canadian credit union system conversion to its credit union core processing product. Community Savings, based in Red Deer, Alberta, Canada, serves 110,000 members and has $1.8 billion (Canadian) in assets. Open Solutions entered the Canadian market about six months ago...

Marketing

  • Nexus Conference Generates $2,750 CMN Donation

    MADISON, Wis.- Members of the CUES Financial Suppliers Forum and attendees of the 2005 CUES Nexus Conference also took the time to raise money for the Children's Miracle Network Credit Unions for Kids. Through a silent auction held in the exhibit hall some $1,375 was raised. CUES then matched the...

  • EverythingCU.com Unveils Unique Branding Event

    HOLYOKE, Mass. - Wanting to help credit unions get a grip on their brand, EverythingCU.com is hosting the first-ever event held exclusively for credit union professionals focused solely on branding-titled Branding, Bonding, and Brew: A Total Brand Immersion Experience. Slated to be held in Portland, Oregon from September 21-23, 2005,...

  • The Golden 1 CU Names Marketing SVP

    SACRAMENTO, Calif. -The Golden 1 Credit Union has named Kevin Moon senior vice president of marketing. Moon will be responsible for directing all aspects of marketing, advertising, and public relations activities. "I am very pleased to have Kevin join our management team," said The Golden 1 CU President/CEO Teresa Halleck....

  • CUES Nexus Conference Highlights

    SAN DIEGO - For the first time, CUES has honored firms that dedicate themselves to their credit union customers. During the first ever CUES Nexus Conference here, a new award category was unveiled- Financial Suppliers Forum Suppliers of the Year. Companies honored with this first-ever award include Portland, Oregon-based The...

In Other News

  • DONATIONS

    CFE Federal Credit Union, Orlando, Fla., has donated $10,000 to Rock Lake Elementary School's Media Center. This contribution will be used to provide new books and supplies for the school's Media Center. Students and teachers expressed their gratitude by presenting CFE Federal Credit Union's President/CEO Joseph A. Melbourne, with a...

  • DONATIONS

    CFE Federal Credit Union, Orlando, Fla., has donated $10,000 to Rock Lake Elementary School's Media Center. This contribution will be used to provide new books and supplies for the school's Media Center. Students and teachers expressed their gratitude by presenting CFE Federal Credit Union's President/CEO Joseph A. Melbourne, with a...

Opinions

Letters to the editor

Looking Back

  • Credit Union Times Vol. 14, No. 19 May, 7, 2003

    Looking back two years ago finds CUNA taking a seat at the Senate Small Business Committee roundtable. "There are still obstacles that thwart SBA and member business lending at credit unions," said CUNA representative Lafayette FCU Board Member Michael Hearne in a statement for the record. "There is a 12.25%...

Publisher's Column

  • Super League CUAW Quietly Bites the Dust

    Be forewarned. This is an I-told-you-so column. It is all about the rise and fall of the much-ballyhooed Credit Union Association of the West (CUAW), which is featured in a news story on page 1 of this issue. To refresh readers' memories, CUAW was the 2001 brainchild of the CEOs...

From the Board Room

  • U of C FCU Shakes Up Voting Process

    BOULDER, Colo. - U of C Federal Credit Union is taking the vote directly to members. From April 19-29 the credit union's six branches served as "voting booths" as members were encouraged to take part in the board elections. Information on the board candidates and voting materials could be found...

Special Report

  • New Branch for El Paso Employees FCU

    EL PASO, Texas -El Paso Employees Federal Credit Union has broken ground on its seventh branch in Northeast El Paso. Across from Cohen Stadium, the facility will offer an array of financial services, six drive-thru lanes, a 24/7 ATM and extended hours on Fridays and Saturdays. The new facility is...

  • Alaska USA Adds Financial Centers

    ANCHORAGE, Alaska - Alaska USA Federal Credit Union will build new Financial Centers in three Alaska communities. These include one in Anchorage to open this summer, one in Soldotna to open this fall, and one in Fairbanks to open in the summer of 2006. The Financial Centers are in addition...

  • DEI Welcomes New Staffers

    CINCINNATI - Design/build firm DEI Incorporated has recently hired three new employees. Thomas Montchai has been named design architect. He has over 25 years experience with an emphasis on entertainment, theme parks, financial and retail facilities. As an international designer, he has worked in China, Brazil, and Canada, as well...

  • New MidWest Financial Credit Union Student Branch Opens

    ANN ARBOR, Mich. - Thurston Elementary School has teamed up with MidWest Financial Credit Union to open a student-run credit union branch. Participation in the program, which is free to the school, is strictly voluntary and run by tellers, bookkeepers and service representatives from the fifth grade. "Student-run credit union...

  • Financial Partners CU Names VP of Branch Sales/Operations

    DOWNEY, Calif.-Financial Partners Credit Union has named Matthew Herrick vice president of branch sales and operations. In his new role, Herrick is responsible for driving the sales and service performance of Financial Partners' branch network. With a goal to cultivate a high-performing sales and service team, Herrick will analyze how...

  • DFCU Financial Opens Village Branch

    VAN BUREN TOWNSHIP, Mich. - DFCU Financial has opened a full service branch on the Visteon Village campus in Van Buren Township. Additional full-service branches are slated to open in Riverview and Commerce Township later this year. "We are very pleased to provide personalized financial services for Visteon employees in...

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