Credit Union Times Magazine May-11, 2005

News

News Briefs

  • Aiming to Set Itself Apart, MEMBERS Business Solutions Co. Changes Name Back to CU BizSource

    MADISON, Wis. - Citing difficulty with differentiating itself from other similarly-named firms, MEMBERS Business Solutions Co. LLC has changed its moniker back to its original name - CU BizSource. The Allentown, Pa.-based CU BizSource was the company's initial name when it was spun off from the Pennsylvania Credit Union Association...

  • Utah CU Tax Group Argues for Taxation of Certain CUs

    WASHINGTON-The Council for Sound Tax Policy, a group of concerned citizens spawned by bank officials, have submitted a report to the president's advisory panel on tax reform. The CSTP submitted a five-page report to the panel April 29 including specific criteria to create a policy for applying a regular income...

  • House Passes Deposit Insurance Reform Again

    WASHINGTON-For the third time, the House has passed the Federal Deposit Insurance Reform Act (H.R. 1185) by an overwhelming margin. The final vote count was 413-10 to increase deposit insurance coverage to $130,000 and index it, while doubling coverage for certain retirement accounts and increasing coverage of municipal deposits; merging...

  • CO-OP Members Will Share Another Record Patronage

    ONTARIO, Calif - For the ninth year in a row CO-OP Network member credit unions will share in a record patronage distribution. The nationwide, surcharge-free network also reported that the $10.3 million from 2004 transactions will be the largest cash distribution from a CUSO in history. "A variety of factors...

  • CUNA Credit Union Name to Fade Away

    MADISON, Wis. - It's official, CUNA Credit Union's members overwhelmingly approved the name change to Great Wisconsin CU. Members gave their approval April 28 during a special meeting held at CUNA Mutual. The official vote was 215-58, a 79% approval percentage. CUNA CU CEO Kim Sponem said the next step...

Marketing

  • Redbeard Promotes Two

    HOLLISTER, Calif. - Brand strategy/creative design firm Redbeard Communications has promoted Beth Meuser to director of client services and Nicole Rajkovich to controller. In the new position, Meuser will lead all client contacts. She will oversee account management to ensure top quality service, provide marketing guidance, implementation and execution strategies....

  • Chetco FCU Booth at Home Show a Hit

    HARBOR, Ore. - Chetco Federal Credit Union helped make some Brookings Harbor Home Show attendees' dreams come true. "Judging by the public's response and participation in the activities at our booth, our goal of promoting community goodwill and awareness was achieved," said Chetco FCU President/CEO, Stan Baron. The booth, featuring...

  • Technology Credit Union Appoints Kathleen Litman as new Vice-President of Marketing

    SAN JOSE, Calif. - Technology Credit Union has named Kathleen Litman vice president of marketing. "We need to get the message out to our target audience that Technology Credit Union is a leading-edge provider of solutions to meet all our members' financial needs-whether it's loans, savings, online services or wealth...

  • American Heritage FCU Celebrates Members

    PHILADELPHIA - Despite bad weather, American Heritage Federal Credit Union made the most of its Member Appreciation Day. A few hundred members gathered at credit union headquarters to enjoy a day of family fun. Each year in April, American Heritage CU thanks loyal members for their business with a complimentary...

Special Report

  • CASE CU Teams Up with Meijer Stores for Branches

    LANSING, Mich. - CASE Credit Union has marked the beginning of its new relationship with Lansing area Meijer stores with a ribbon cutting ceremony of its new in-store branch. The Delta Township Meijer branch is the first of two full-service in-store Meijer-based branches in the Lansing area. The second is...

  • DEI Announces Promotions

    CINCINNATTI - Design/build firm DEI Incorporated has promoted four employees to management positions. Ned Compton and Bill Speelman were both promoted to executive positions, while Bill Bily and Eric Lindholm were promoted to managerial positions. Compton has been promoted to executive vice president of sales. He has over 30 years...

  • State Department FCU Dedicates Building

    ALEXANDRIA, Va. - State Department Federal Credit Union has recently held a building dedication ceremony in conjunction with its 70th Annual Meeting. "A building is just brick and mortar, but it houses the people who fulfill the basic purposes and functions for which this credit union was founded 70 years...

  • Pacific Resource CU Names Director of Branch Services and Sales

    LOS ANGELES - Pacific Resource Credit Union tapped Angela Alberti as the new director of branch services and sales. Alberti has extensive credit union and banking experience and will oversee both the Bunker Hill and Wilshire branches in downtown Los Angeles. "Having worked in the financial services industry for over...

Letters to the editor

Briefs

Tech Bytes

  • PSECU Launches Anti-Phishing Solution in Use at Big Banks

    HARRISBURG, Pa. - As phishers and other fraudsters "move downstream," Pennsylvania State Employees Credit Union will be ready with its virtual net. The $2.3 billion CU has signed on with Cyota Inc. to use FraudAction, the New York City-based firm's anti-phishing solution. Cyota boasts a client list that includes eight...

  • FundsXpress Migrates Clients to New CheckFree Platform

    AUSTIN, Texas - FundsXpress Financial Network Inc. has just completed migrating clients to the newest version of CheckFree's bill pay platform. Other than a four-hour window of downtime for the conversion, the two-month process was invisible to end users, says Greg Constantine, executive vice president at FundsXpress, a provider of...

  • Open Solutions' Annual Meeting Draws More than 1,000

    GLASTONBURY, Conn. - Open Solutions Inc.'s annual client conference attracted more than 1,000 executives from financial institutions across the United States and Canada, a record number for the provider of core processing and other integrated solutions. The attendance was a record for the company, which has added hundreds of clients...

  • Phishing Problem Highlights Value of Having Members' e-Mail Addresses

    HERNDON, Va. - When NCUA became victim of a phishing scheme a few weeks ago, Digital Mailer here was ready to step in and help its client credit unions get the word out to members via e-mail. Digital Mailer, a firm that specializes in electronic statements and electronic alerts (e-LERTs),...

  • Synergent Expands Check 21 Offerings to Client CUs

    PORTLAND, Me. - The 110 credit unions processing checks through Synergent are now being offered branch item capture and Check 21 returns solutions from VSoft Corp. Portland-based Synergent already had been offering image capture solutions from Atlanta-based VSoft and says it has added the new services to help its customers...

  • Fiserv, Endpoint Exchange Agree to Link Networks

    BROOKFIELD, Wis. - Two of the big names in Check 21 image exchange - Fiserv Inc. and the Endpoint Exchange Network - are getting together. After a pilot exchange in the third quarter of this year, the more than 8,000 financial institutions served by the two networks will be able...

  • Barksdale FCU Says, "Dude You've Got a Dell"

    BOSSIER CITY, La. - Barksdale FCU here put a smile on the faces of Caddo Community Action Agency staff when the credit union donated over 40 Dell computers. The CU decided to donate the used computers to charitable agencies in the area after the credit union updated their systems.

  • CUjobs.com Launches $1 a Day Job Site

    SAN DIEGO - There's a new site on the Web to search for credit union jobs. CUjobs.com has just been launched by Mike Lawson. Lawson is very familiar with the credit union industry, having held a number of CU-related jobs, his most recent being in PR with Symitar. He now...

  • Online Enrollment Specialist Andera Inc. Signs Seven CUs

    PROVIDENCE, R.I. - Andera Inc. has signed seven more credit unions to its online enrollment solution, the company says. They are $559 million Kraft Foods FCU in Purchase, N.Y., $397 million Sunmark FCU in Schenectady, N.Y., $394 million Insight Financial in Orlando, Fla., $259 million Neighbors FCU in Baton Rouge,...

  • Service CU Cited by DI for Online Banking, Bill Pay Growth

    CALABASAS, Calif. - Service Credit Union in New Hampshire was the credit union winner of the consumer solutions client awards from Digital Insight because of its strong growth in Internet banking and bill pay use by members. In 2004, Service CU saw its online banking penetration increase by 40% from...

Front Page News

In Other News

  • DONATIONS

    Naval Mid-Atlantic Federal Credit Union, Virginia Beach, Va., staffers Vickie Baker, Cynthia Horton, Debbie Causey and Sharon Chadil braved the rain and wind to walk five miles for the March of Dimes. NMA staff and members contributed $500 in donations to the March of Dimes to sponsor the four walkers....

Publisher's Column

  • Credit Unions Have Lots of Company In N-F-P Arena

    As if unrelenting attacks from banking industry lobbyists on the credit union not-for-profit tax-exemption in place since 1937 aren't enough to keep credit union defenders constantly on their collective toes, Congressional lawmakers may be entering the fray through the back door. Of course I am talking about the current new...

Staking Out the Stats

  • Health Care Costs Worry Consumers

    MENLO PARK, Calif. - A recent Kaiser Health Poll Report finds that personal health care costs are more terrifying to most Americans than being able to pay rent or mortgage, losing a job, losing savings in the stock market, or being a victim of a terrorist attack or violent crime....

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