Credit Union Times Magazine November-09, 2005

In Other News

  • AWARDS

    Global Credit Union, Spokane, Wash., has named Human Resources Administrator Monica Gyarfas the Dominic Allessio Employee of the Quarter. Nominated and selected by her peers, Gyarfas was recognized for her job efficiency, excellent work ethic and professionalism. Dedicated to the credit union for 18 years, she is also a member...

  • SCHOLARSHIPS

    Wepawaug-Flagg Federal Credit Union, Hamden, Conn., has awarded four $1,000 scholarships to deserving high school seniors and college students. Recipients were selected based on the merits of their student essays, references and community service. This year's scholarship winners are Aisha Bob-Semple, Caitlin Kingsley, Samantha P. Austin and Jennifer Mancini. Boeing...

  • MILESTONES

    TopLine Federal Credit Union, Maple Grove, Minn., is celebrating its 70th anniversary with crowd pleasing "Then and Now" lobby displays. "What began as the theme for a member appreciation event in its branches to mark 70 years in business has turned into very interesting displays in each of our branches...

  • SCHOLARSHIPS

    Point Loma Credit Union, San Diego, Calif., has awarded $2,500 college scholarships to three deserving local students for the eighth consecutive year. This year's scholarships were presented to Nathan Beck, David Daniels, and Janet Hwu. As PLCU members, these students were awarded scholarships based upon written essays, academic achievements, and...

News

News Briefs

  • Financial Services Committee Leader Announces Retirement

    WASHINGTON-After 25 years in the House of Representatives, Congressman Michael G. Oxley (R-Ohio) said last week that he would not seek re-election at the end of his term in 2006. The House Financial Services Committee chairman would not have been allowed to serve in that capacity beyond 2006 because of...

  • Powell to Leave FDIC to Aid Katrina Rebuilding Efforts

    WASHINGTON-FDIC Chairman Don Powell announced Nov. 1 that he would be leaving the agency to help coordinate the administration's efforts to rebuild the Gulf Coast area. "I am honored that the President has chosen me for this important effort to help rebuild the Gulf region," Powell commented. "This new position...

  • Corrections

    In the Oct. 26 article "A+ FCU Brings Home Feedback for Newly-Launched, Jointly-Owned MBL CUSO," a photo and caption provided by NACUSO incorrectly identified Sharon Gaugler, vice president of lending at A+ Federal Credit Union. The photo is actually of Andrea Stocks, vice president of operations. We regret the error.

  • NCUA Issues 2006-2011 Strategic Plan for Comment

    ALEXANDRIA, Va.-NCUA is seeking comment on its draft Strategic plan for 2006-2011. The agency said the draft plan builds upon the Strategic Plan 2003-2008, which demonstrated the agency's move toward risk-focused efforts. "The strategic plan is an integral component of the NCUA's safety and soundness program, as we strive for...

  • House and Senate to Conference on NCUA Program Appropriations

    WASHINGTON-The Senate agreed to its version of the appropriations bill including NCUA's Community Development Revolving Loan Fund and Central Liquidity Facility and is now heading to conference. H.R. 3058, making appropriations for the Departments of Transportation, Treasury, and Housing and Urban Development, the Judiciary, District of Columbia, and independent agencies...

  • Willard Ends 20 Years of Service with Colorado/ Wyoming Leagues

    ARVADA, Colo. - Jane Willard, a 20-year veteran of the Colorado/Wyoming Credit Union Leagues, has resigned, the Leagues recently disclosed. Willard began her career at the Leagues as a member services representative, and in 1986 she became a training specialist. In 1995 she was promoted to vice president of governmental...

  • NCUA Nominees to Get Senate Banking Vote

    WASHINGTON-CUNA said it expected the two NCUA Board nominees to get a committee vote shortly after deadline. After a total of more than a year-and-a-half of waiting, the NCUA Board is one step closer to functioning at full complement with the announcement of a Senate Banking Committee executive session vote...

Tech Bytes

  • FICS Releases Upgrades to Residential LOS

    DALLAS - Financial Industry Computer Systems Inc. (FICS), a provider of loan-origination software (LOS) to credit unions and other financial institutions, has released an upgrade to its Loan Producer LOS system, the company says. The upgrade centers on enhancements to closing cost itemization and tax and insurance notation, the company...

  • DI Re-Signs Allegacy, Nassau Educators, Marine FCU

    CALABASAS, Calif. - Digital Insight Corp. said it has extended and expanded its business with three well-known names in credit union land - $1.1 billion Allegacy FCU of Winston-Salem, N.C., $973 million Nassau Educators FCU of Westbury, N.Y., and $530 million Marine FCU of Jacksonville, N.C. Allegacy FCU (www.allegacyfcu.org) has...

  • Interactive Kiosks Highlight Self-Service Initiative at Credit Union 1

    ANCHORAGE, Alaska - The new headquarters at Credit Union 1 (www.cu1.org) features high-tech, high-touch kiosks that help take self-service to a new level at Alaska's second-largest CU. The 11 interactive kiosks, along with a touch-screen building directory and an employment kiosk, were installed in the $483 million CU's new headquarters...

  • FedComp, Maryland/DC League Forms Strategic Partnership

    FAIRFAX, Va. - FedComp Inc. and the Maryland and District of Columbia Credit Union Association (MDDCCUA) have formed a partnership to provide FedComp's core processing software and other services to the organization's membership. The MDDCCUA (www.mddccua.org), recently formed by the merger of the Maryland and District of Columbia leagues, has...

  • PSECU's Monthly e-Bill Volume Surpasses 100,000

    HARRISBURG, Pa. - Pennsylvania State Employees Credit Union, known in the industry for its high-tech, few branches philosophy, has reached an impressive online milestone. The credit union reports that for the first time since integrating MasterCardr RPPSr with its existing bill pay solution, PSECU has broken the 100,000 mark in...

Briefs

Opinions

Letters to the editor

Staking Out the Stats

  • Staking Out the Stats

    Despite cooling housing prices and rising interest rates most consumers don't think a real estate bubble burst will affect them financially. According to a recent survey conducted by TransUnion subsidiary TrueCredit and RoperPublic Affairs, some 68% of homeowners report that a sharp drop in housing prices would be somewhat or...

In Memoriam

Special Report

  • Most Corporate CU CEOs Still Trying to Understand VolCorp/WesCorp Merger

    HOLMDEL, N.J. -The corporate credit union network is a tight-knit group. When a merger happens, leaders either knew in advance or aren't surprised given the situations of the merging corporates. But the merger between $26 billion WesCorp and $1 billion VolCorp not only took most corporate CU CEOs by surprise,...

  • Mid-States Adopts New Orleans Firemen's FCU

    WARRENVILLE, Ill. -Mid-States Corporate Federal Credit Union has adopted The New Orleans Firemen's Federal Credit Union as part of its hurricane relief efforts. The $4.5 billion corporate will provide financial assistance to the credit union and employees and their families devastated by hurricane Rita. It will make a $10,000 contribution...

  • Schmitz Joins HBE

    ST. LOUIS - Design/build firm HBE Corporation has named Steven Schmitz vice president of sales for its Financial Facilities group. In his new position, Schmitz will be responsible for continuing the sales growth of the company's financial facilities design and construction in Colorado, Iowa, Kansas, Minnesota, Nebraska and North and...

  • First Carolina Corporate's Real Estate Program Gaining Traction

    GREENSBORO, N.C. - First Carolina Corporate FCU is seeing success with its unique real estate assistance program. Back in 2003 the corporate partnered with Homeowners Mortgage Enterprises, Inc. to form First Carolina Real Estate Services, a CUSO. The CUSO helps members with buying or selling a home. A representative acts...

  • Wescom CU Moves into San Diego

    SAN DIEGO - With a new in-store branch here, count Wescom Credit Union as the latest San Diego County resident. The move marks the credit union's strategic expansion into seven Southern California counties. The new branch will serve some 3,000 members. Located in Albertsons' City Heights Retail Village store, the...

  • FORUM CU Dedicates HQ

    FISHERS, Ind. - FORUM Credit Union has held a dedication ceremony for the $25 million expansion of its Fishers headquarters. "This expansion is a testament to the employees of FORUM Credit Union and the members we serve," said Irvin. "We have enjoyed rapid growth in the past decade and, in...

  • Founders FCU Sets Sail with New Branch

    FORT MILL, S.C. - Founders Federal Credit Union went seaside to celebrate the opening of its sixth facility in York County. Over 300 attended the nautical themed celebration, which included seafood and beach music. The 3,850-square-foot facility offers an open lobby, four drive-through lanes and a drive-up ATM. "We have...

  • PWCampbell Welcomes Back Execs

    PITTSBURGH - It was a homecoming at design/build firm PWCampbell for new Regional Vice President Bert Cherry and Regional Vice President Pre-Construction Bob Kremer. The former PWCampbell employees have returned to the firm from one of its competitors, Overton and Associates. "We believe these strategic rehires will provide an immediate...

Publisher's Column

  • Isn't This a Great Industry?

    As the banking industry continues its push to strip away the credit union tax-exemption, and hearings are being held on Capitol Hill to delve into whether the philosophy behind the exemption still holds water, it's a shame that credit unions' incredible spirit of people helping people isn't being acknowledged. Credit...

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