Credit Union Times Magazine September-14, 2005

  • Credit Union CEO Takes Flight in Cash Airlift Operation

    BATON ROUGE, La. - Edward Speed, CEO of the $900 million Texas Dow Employees CU in Lake Jackson, Tex., and a private pilot, got the urgent call Sept. 2 that another CU - with the Dow name but unrelated - was in desperate need of cash to handle the flood...

  • Credit Unions Across The Gulf Working to Put Pieces Back Together; CUs All Over Helping Out

    JACKSON, Miss. - More than a week after Hurricane Katrina blew a history making hole into the lives of many Gulf Coast residents, the volunteers, staff and members of the roughly 75 credit unions most seriously impacted are struggling to put their personal and economic lives back together. It will...

  • Calls, E-Mails About Katrina Flood CUNA

    WASHINGTON - As might be expected considering Katrina's aftermath, the calls and e-mails pouring in to CUNA headquarters last week from the public, CU managers, their members, state Leagues and the media - all providing or seeking help or information - have proved unprecedented. "I have more than 200 e-mails...

  • Banks Warned Against Bringing MSB Conversions Issue into Reg Relief Mark-Up

    WASHINGTON-According to CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn, the bankers are being warned not to raise the issue of NCUA's mutual savings bank conversion disclosure rules at any mark-up of the regulatory relief bill. As far as a date for the mark-up, the lobbyist...

  • Desert Schools Continues Commitment to Affordable Housing in $100 Million Way

    PHOENIX - There's no shortage of low- and moderate income housing needs in Phoenix these days, and Desert Schools FCU wants to make sure that situation doesn't continue. DSFCU, the state's largest, has committed to fund $100 million in home loans over the next two years to low- and moderate...

  • Ex-Navy Seal WesCorp Employee Assists in Rescuing 800 From New Orleans Hotel

    SAN DIMAS, Calif. -When Craig Micklich was called by one of his ex-Navy Seal buddies to go on a rescue mission in New Orleans, he didn't even hesitate. Micklich, an account executive within WesCorp's Capital Markets division, is an ex-Navy Seal who has been out of the Seals for just...

  • Envision CU Opens Wal-Mart Branch Over Labor Day to Help Evacuees with Vouchers

    TALLAHASSEE, Fla. - The staff of Envision Credit Union, like many others across the U.S., looked forward to having the three-day Labor Day holiday off to relax with family and friends. But they put their plans aside to help out in relief efforts for evacuees from Hurricane Katrina. On Sept....

  • NAFCU Caucus Seeing Cancellations Due to Katrina

    ARLINGTON, Va.-NAFCU Director of Political Affairs Murray Chanow said that NAFCU has had a handful of cancellations from Congressional Caucus attendees due to Hurricane Katrina. While the group still expects over 425 participants, Chanow said at least three cancellations are directly attributable to the disaster on the Gulf Coast. He...

  • Corporate Central CU, Heartland Credit Union Finalize Business Lending Deal

    HALES CORNERS, Wis. - Corporate Central Credit Union's CUSO, Business Lending Services, LLC and Heartland Credit Union have finalized an agreement to provide a commercial lending solution to allow the credit union to provide a complete business banking package to their membership base in Southwest Wisconsin and Eastern Iowa. "This...

  • Small Business Owner's Personal and Business Credit Scores Tend to Mirror Each Other

    COSTA MESA, Calif. - Other findings from Experian's study of small business owners' credit scores were revealing. Their average income is $71,690, 21% higher than the average U.S. income, Experian found. Sixty-nine percent of them are more likely to live in affluent suburbs. The study also showed that small business...

  • Mortgage, Auto Loan Growth Strong at CUs

    WASHINGTON-It is not a big surprise that new car loans and mortgages continue to lead the way in loan growth at credit unions. According to CUNA's Monthly Credit Union Estimates for July, loans grew 1.4% or 6% year-to-date. New car loans jumped another 3% as they had in June. Second...

  • Experian Makes Greater Strides in Small Business Market with Purchase of Baker Hill

    COSTA MESA, Calif. - In a deal finalized Aug.31, Experian Information Solutions, Inc.'s purchase of Baker Hill Corp. could mean opening up a wider entry into the small business market. Experian's relationship with credit unions goes back nearly five years when the company created its Credit Union Solutions division in...

  • AP FCU, American Greetings FCU Partner with myCUmortgage

    FAIRBORN, Ohio - Ohio's AP FCU in Toledo and American Greeting FCU in Brooklyn have joined the growing list of credit unions that have already partnered with myCUmortgage, a division of Wright-Patt Credit Union's wholly-owned CUSO. Besides these latest two CUs, 28 other credit unions currently have partnerships with myCUmortgage,...

  • For 1st Advantage CEO, a New Orleans Native, Katrina Hits Home

    YORKTOWN, Va. - Dealing with hurricanes is nothing new for Adrian "Casey" Duplantier Jr. Having grown up in New Orleans and living on the Virginia Peninsula located at the mouth of the Chesapeake Bay for the past 18 years, the president/CEO of 1st Advantage Credit Union has seen his share...

  • Status of Federally Insured Credit Unions Affected by Hurricane Katrina

    Credit Union Name

  • Regulators, Trades Present Congress with Evidence of Aid, Figure Out What's Next

    WASHINGTON-Though time did not permit industry representatives from commenting during a roundtable on Hurricane Katrina relief efforts in the House Financial Services Committee, CUNA provided written remarks from President and CEO Dan Mica. On Sept. 7, the committee held a briefing in the morning to get an idea of what...

  • Procura has 11 Credit Unions Utilizing its PurchaseONE Card

    SAN DIMAS, Calif. -Who would have known a purchase card could be such an important asset for credit unions, but based on the performance of Procura LLC's PurchaseONE, it can be. A purchase card is a payment vehicle that can replace the typical accounts payable method, said Dennis Toda, vice...

  • Tech Vendors Provide Material and Moral Support in Wake of Storm

    COLUMBIA, S.C. - Technicians from PM Systems help establish a virtual private network, a new data lifeline, for a stricken Mississippi credit union, while visitors from Louisiana make themselves a new home away from home at Jack Henry backup hot sites in Alabama and Texas. That's just two examples of...

  • Texas League Implements Daily Update to Inform Credit Unions on Katrina Relief Efforts

    FARMERS BRANCH, Texas - Before closing its doors for the Labor Day holiday, the Texas Credit Union League sent a letter to its member credit unions that praised them for their eagerness to help victims of Hurricane Katrina and that created a single communication tool for relaying daily updates to...

  • Volunteer Representation Issue Arises in Washington State

    TACOMA, Wash. - The simmering debate of how much authority and control volunteers deserve in helping manage both state and national trade organizations moves here this week following a bid by directors of a suburban Olympia credit union requesting "equal treatment" of volunteers and more "outreach" at all levels of...

  • Utah-Based Member Business Lending, LLC Reaps Benefits of SBA Opening Loan Programs to Credit Unions

    SALT LAKE CITY - When the SBA opened up its lending programs to credit unions back in February 2003, the idea to form a jointly-owned CUSO was not only a novel approach but it quickly took off. Member Business Lending, LLC, (MBL) is the brainchild of $1.6 billion Mountain American...

  • Two Credit Unions Amend Bylaws to Deter Charter Conversion Process; Is There a Role For NCUA?

    GREENSBORO, N.C. - Two federal credit unions' recent decision to draft or to adopt a bylaw change addressing credit union-to-bank charter changes has begun to draw attention around the industry. The amendments - one of which has been approved by NCUA and the other remains pending - would not directly...

  • Local California Government Officials Lobby on Behalf of CURIA

    WASHINGTON-The California Credit Union League has said that three of its congressional representatives have committed to signing their names to the Credit Union Regulatory Improvements Act (H.R. 2317) once Congress returns from recess, while NAFCU confirmed those and four others. California Credit Union League Director of Federal Governmental Affairs Kelly...

  • Louisiana Corporate Calls for Deposits to Prepare for Anticipated Liquidity Needs

    LENEXA, Kansas - Louisiana Corporate serves more credit unions affected by Katrina than any other and it wants to be prepared. "We have close to 100 members in the affected area. I'd say we've made contact with about 35 to 40 of them," said Louisiana Corporate CEO Dave Savoie, speaking...

  • Housing Bubble? MBA Advises `Caution, Not Panic'

    WASHINGTON - As continued record hikes in housing prices spur talk of a bubble about to break, a Mortgage Bankers Association study offers some advice: "The appropriate stance is one of caution, not of panic." In an analysis of housing and mortgage markets released by the MBA Aug. 23, researchers...

  • Freddie Mac: Declining Mortgage Rates Boost Second Qtr. Home Prices "Sharply"

    MC CLEAN, Va. - Consumers in the market for buying a home in recent months don't need to be reminded just how much home prices have gone up. But Freddie Mac's quarterly national Conventional Mortgage Home Price Index for the second quarter 2005 confirms the nationwide trend. The CMHPI rose...

  • Louisiana League Establishes Temporary Office, Continues to Contact Credit Unions

    BATON ROUGE, La. - The Louisiana Credit Union League (LCUL), which originally established post-hurricane operations at the Baton Rouge Service Center last week, has now set up shop at Bayou Federal Credit Union here. The League has been working since Hurricane Katrina hit to contact and assist credit unions in...

  • NCUA Sets Up Task Force, Lines of Communication for CU Victims of Hurricane Katrina

    ALEXANDRIA, Va.-NCUA is working hand-in-hand with a number of other organizations to assist credit union members in those areas hit hardest by Hurricane Katrina. NCUA Chairman JoAnn Johnson and Board Member Debbie Matz said the agency is working with other federal agencies, trade associations, State Supervisory Authorities, the leagues, and...

  • Municipal CU Enhancing Internship Program

    NEW YORK - Municipal Credit Union is launching an enhanced internship program that will reach out to approximately 110 colleges and universities in the tri-state metro New York area. The concept has been in place since late 2004. Now marketing and outreach is being beefed up to make more potential...

  • Newtek Small Business Finance Closes SBA 7(a) Loan Deal with GE Commercial Finance

    NEW YORK - Another recently-inked alliance to tap more into the credit union industry's growing entry into the small business market involves the SBA's 7(a) loan program. On Sept. 6, Newtek Business Services, Inc. announced that its subsidiary small business lender, Newtek Small Business Finance, Inc. had closed a $75...

  • Jersey Shore FCU Finds PAC Fundraising a Bear of a Job

    NORTHFIELD, N.J. - Jersey Shore Federal Credit Union is taking it upon itself to help raise funds for its state and federal political action committees. The $77 million credit union was looking for a creative way to raise money for the Credit Union Legislative Action Council of CUNA and the...

  • Tennessee Valley Federal Credit Union Knits for Soldiers

    CHATTANOOGA, Tenn. - Tennessee Valley Federal Credit Union employees who once a quarter put together care packages of much-needed items to send to an employee's husband and his troop currently serving in Iraq, have recently shipped 375 pounds of love and support to the soldiers. According to execs here the...

  • Florida CUs Quickly Respond to FCUL's New Adopt-an-Affected Credit Union Program

    TALLAHASSEE, Fla. - Within the first two hours of launching its Adopt-an-Affected Credit Union program to encourage its affiliated credit unions to adopt a credit union in states affected by Hurricane Katrina, 22 FCUL-affiliated CUs responded to the League's call. In kicking off the program, FCUL President/CEO Guy Hood said...

  • Founders FCU's Donation to Help Hurricane Victims Hits Home for CEO

    LANCASTER, S.C. - For Bruce Brumfield, president/CEO of Founders Federal Credit Union, a $10,000 donation to help Katrina victims is close to his heart. A native of Bogalusa, La., Brumfield still has family and friends in the area. "Naturally, having grown up in Louisiana, this is a donation that is...

  • Louisiana Gov. Blanco Now to Blame for Delayed Response?

    NEW ORLEANS - With President Bush and Congress now saying a full investigation will be underway to find out what went eerily wrong with the delay in aid to victims here after Hurricane Katrina struck, Louisiana Gov. Kathleen Blanco is among the officials being blamed. According to several published reports...

  • Taleris Credit Union Helps Troops in Iraq Celebrate Christmas Early

    CLEVELAND, Ohio - Taleris Credit Union staffers have helped the holidays come early for troops stationed in Iraq. Employees sent two-foot Christmas trees with everything from candy and cookies to razors and phone cards to brighten soldiers' holidays. This is the third year that the credit union has been involved...

  • Sometimes Hurricane Relief Needs Weaponry

    PENSACOLA, Fla. - Sometimes relief from the effects of Hurricane Katrina could only have been delivered at the point of a gun. As soon as it became clear that Hurricane Katrina represented an historic storm with catastrophic damage, the leadership and staff at the $734 million Pen Air Federal Credit...

  • Wings Financial FCU Rolls Out Services for Self-Directed Investors

    APPLE VALLEY, Minn. - Wings Financial FCU has rolled out services for the self-directed investor. Through its subsidiary, Wings Financial Advisors, LLC, members of the $1.5 billion CU have access to a variety of online investment services. Services include the ability to track stocks; buy and sell stocks, mutual funds,...

  • St. Mary's Bank COO Named to U.S. Chamber of Commerce Public Affairs Committee

    MANCHESTER, N.H. - Raymond Pinard, EVP and chief operating officer of St. Mary's Bank, was chosen by the U.S. Chamber of Commerce to serve on its Public Affairs Committee for the 2005-2006 election cycle. The committee's primary responsibility is overseeing the Chamber of Commerce's involvement in federal elections including representing...

  • Altura CU Donates $50,000 to Hurricane Relief

    RIVERSIDE, Calif. - Altura Credit Union has donated $50,000 to the National Credit Union Foundation's National Disaster Relief Fund to help credit unions and their members along the U.S. Gulf Coast who are survivors of Hurricane Katrina. "The pictures of devastation throughout Louisiana, Alabama and Mississippi have been heartbreaking," said...

  • North Island Credit Union Kicks in on Katrina

    SAN DIEGO - The $1.5 billion North Island Credit Union has kicked in $17,000 to assist the victims of Hurricane Katrina. The credit union reported that its employees and members have contributed $12,000 in the last three days and sent the money to the Red Cross. The credit union has...

  • BrightStar CU to Match Relief Donations up to $10,000

    SUNRISE, Fla. - Many organizations assisting Hurricane Katrina victims are in still in desperate need of cash donations and BrightStar CU has stepped up to the plate. The $265 million credit union said it will match donations up to $10,000 made at any of their six branches. BrightStar has already...

  • Cornerstone Community FCU Official Red Cross Donation Site

    LOCKPORT, N.Y. - The American Red Cross has designated Cornerstone Community Federal Credit Union as an official donation site for the victims of Hurricane Katrina. All proceeds collected at Cornerstone's three branches will go directly toward the American Red Cross's organized efforts to supply food, shelter, basic amenities and medical...

  • Aerospace Community CU Issues "Hurricane Matching Challenge"

    ST. CHARLES, Mo. - Aerospace Community Credit Union (ACCU) has issued a challenge to members -it will match credit union member donations up to $7,500 to aid victims of Hurricane Katrina. In addition, a special page has been added to the credit union's Web site at www.aerospacecu.org to promote its...

  • Portland Teachers Credit Union Donation Continues CU's Partnership with Portland Housing Center

    PORTLAND, Ore. - Portland Teachers CU is continuing its exclusive credit union lending relationship with the Portland Housing Center. The $2 billion CU recently presented the organization with a $10,000 donation. This is the seventh consecutive year PTCU has made a financial contribution to PHC. Created in 1991 through a...

  • Two Arizona CUs Donate to Relief Fund

    PHOENIX - With Phoenix serving as a growing center for Katrina evacuees, two of the state's largest credit unions, Arizona Federal and Desert Schools, have made donations to disaster relief funds and created programs for members to contribute cash. The $1.4 billion Arizona Federal said it will match up to...

  • Templeton New Executive Assistant at Wisconsin DFI

    MADISON, Wis. - Carrie Templeton has been named Executive Assistant for the Wisconsin Department of Financial Institutions by DFI Secretary Lorrie Keating Heinemann. In her new position, Templeton will be the legislative policy director, head of communications and liaison between the DFI and the Governor's office. Templeton comes to the...

  • CO-OP Network Swinging Into Action on Three Fronts

    ONTARIO, Calif. - CO-OP Network, the largest ATM and EFT Network owned by financial institutions, is swinging into action in an attempt to help credit unions across the area ravaged by Hurricane Katrina. The ATM cooperative started off by donating $50,000 to the National Credit Union Foundation's hurricane relief efforts,...

  • CUNA PAC Staffer with La. Roots Finds Brother, Friends OK

    WASHINGTON-Before coming to CUNA, Political Director Trey Hawkins went to school and worked in Louisiana, and so he was relieved to find his brother and good friends safe following Hurricane Katrina and the subsequent flooding. Jason Hawkins, an independent consultant in computers and videography in New Orleans, is safe having...

  • Social Security Payments Still Available

    WASHINGTON - Starting Sept. 2, the Social Security Administration made it easier to get checks even though the United States Postal Service (USPS) has suspended mail service in some areas damaged by Hurricane Katrina. USPS is establishing temporary mail delivery stations for recipients to pick up their Social Security check....

  • CUNA, NAFCU Helping Members Get Around Katrina Issues

    WASHINGTON and ARLINGTON, Va.-CUNA and NAFCU are rolling up their sleeves and helping on the administrative end of clean up and relief after Hurricane Katrina. CUNA has made an initial contribution to the National Credit Union Foundation's National Disaster Relief Fund of $10,000 and is coordinating a number of assistance...

  • Navy Federal Picks Software Specialist to Help Build In-House LOS

    MERRIFIELD, Va. - Navy Federal Credit Union will soon begin building its own automated loan origination system with the help of a New Jersey-based enterprise software specialist. The $25 billion CU (www.navyfcu.org) has contracted with Provenir, a provider of enterprise software for managing customer lifecycles, to support development and operation...

  • Home Banking Firm Waiving Fees for CUs in Affected Areas

    BOISE, Idaho - Home Banking for Credit Unions, a firm which helps CUs provide home banking to their members, has waived all billing to client CUs who are in the areas damaged by Hurricane Katrina. The firm said all fees for service, support, maintenance, hosting and other fees were being...

  • Cardtronics Expands Allpoint's Presence in Florida

    HOUSTON - Allpoint, the ATM network which provides cash access fee free to individual cardholders, will see its presence expand by 220 additional locations in Florida as Cardtronics, its primary ATM provider, expanded its presence in the southern state. Under a deal announced on September 6, Cardtronics will include an...

  • NCUF Donations Now Peak at $1.25 Million

    MADISON, Wis. -With donations still pouring in, the National Credit Union Foundation said its disaster relief fund for Katrina victims has now topped $1.25 million with an "unprecedented $100,000 grant of our own" committed to the fund following board approval. "It's hard to predict where the final numbers might end...

  • Credit Union Hurricane Stats Shows Katrina's Breadth

    WASHINGTON-CUNA's Economics and Statistics Department has worked up some credit union-specific statistics that demonstrate the force of Hurricane Katrina. Millions of members and billions in credit union assets were impacted by the violent storm that ripped the Gulf Coast apart. Here's a breakdown of the numbers:

  • Critical Impasse in Deposit Insurance Reform Resolved

    WASHINGTON-An impasse between the House and Senate on deposit insurance reform may have been surmounted, according to a NAFCU lobbyist. "It looks like they have come to some sort of compromise that the Senate and the House can both live with," NAFCU Associate Director of Legislative Affairs Dillon Shea told...

  • Treasury, IRS to Overlook Low-Income Housing Rules for Katrina Victims

    WASHINGTON-The Treasury Department and Internal Revenue Service announced that in light of the homelessness caused by Hurricane Katrina, they will waive qualifications for low-income housing for those wishing to take in victims of Hurricane Katrina. Treasury and IRS said they will waive the rule that prohibits owners of low-income housing...

  • Mortgage risk factors and mitigating factors

    Most analysts emphasize it's not the national market that is a bubble. The risks are primarily local. How does your market area measure up? Risk factors *A high and sustained rate of home price appreciation *A decline in employment *A significant share of investor activity driven by "flipping" or speculative...

  • Southeast Corporate Delivers Cash,Supplies

    TALLAHASSEE, Fla. - Southeast Corporate is doing all it can to get cash into the hands of credit unions affected by Katrina. "When a disaster strikes, cash is king," said Southeast Corporate CEO Bill Birdwell. Southeast has been able to deliver cash to some credit unions in Mississippi. The corporate...

Opinions

Tech Bytes

  • CU Direct to Launch CUDL University

    RANCHO CUCAMONGA, Calif. - Starting October 3, credit union clients of CU Direct will be able to hone their indirect lending-related skills through the CUSO's online CUDL University. CU Direct spokesperson Martha Hartley said the online learning capability was unofficially launched in June at the company's symposium. Credit unions will...

  • CUISPA Offers Free Year of Vulnerability Security Alerts

    AUSTIN, Texas - Credit union members of the Credit Union Information Security Professionals Association (www.cuispa.org) now can take advantage of a service that, for one year, provides free e-mail alerts about security vulnerabilities that could affect them. The Austin-based CUISPA will host a server that includes the Xacta Vulnerability Awareness...

  • CUSC CUs to Have Access to New Security Products

    ATLANTA - Credit unions that are members of the Credit Union Service Corporation's shared branching network will soon have the ability to access a suite of different security products which will help the keep their new Internet based products and procedures secure from attack. The products will come through a...

News Briefs

  • Treasury, IRS Issue Proposed Regulations for HSA Comparability Rules

    WASHINGTON - The IRS and Treasury have issued proposed regulations designed to clarify and expand on guidance regarding comparability rules for employer Health Savings Account (HSA) contributions. HSAs are tax-free savings accounts that can be used to pay for medical expenses including prescription and over-the-counter drugs incurred by individuals, spouses...

  • Credit Union Gives Iraqis Credit Advice

    ARLINGTON, Va. and BASRA Iraq - Iraqis will be getting some advice on good credit from a U.S. credit union. Information about the wise use of credit cards will be televised in Iraq on Al-Iraqiya Television, the station operated by Harris Corporation under a $96 million Pentagon contract. The TV...

  • `Gas Loans' Meant to Bring Comic Relief, says United FCU CEO

    BUCHANAN, Mich. - United FCU is getting a lot of attention with a tongue-in-cheek campaign for gas loans. The $209 million CU has been posting a "we're now offering gas loans" marquee at two of its branches in response to the rising fuel prices. So far, a few frustrated members...

  • Former NJCUL President Indicted for Embezzlement, Faces Jail if Convicted

    TRENTON, N.J. - Former president/CEO of the New Jersey Credit Union League, Thomas Shaughnessy, was indicted Sept. 2, on a charge of "theft by deception." According to officials from the Mercer County prosecutor's office, Shaughnessy is accused of embezzling about $275,000 between March 2002 and September 2004 from NJCUL. Shaughnessy...

In Other News

  • DONATIONS

    Wanigas Federal Credit Union, Saginaw, Mich., has raised over $4,300 for the American Cancer Society. In addition, the team received awards for most money raised and also for the best decorated campsite. This year, Relay for Life in Saginaw Township raised over $30,000 which will support the life-saving mission of...

  • SCHOLARSHIP

    American First Credit Union, La Habra, Calif., has announced its five $1,000 college scholarship winners. This year's recipients include Nicole Paine, Paul Nguyenfa, Diane Lu, Michele Banares and Heather Adams. The five students stood out for their academic achievement and potential, career goals, character, leadership, community involvement and social awareness....

News

  • Australia CU Members Vote on Takeover Issues

    ROCKHAMPTON, Australia - Members of the Capricornia Credit Union (CCU) voted September 6th to support their board of directors on issues related to a takeover bid by the Mackay Permanent Building Society (MPBS) that has seen several skirmishes. Over 5,000 members out of CCU's 13,000 members voted on five motions....

  • Hopewell FCU Ready for Some Football

    NEWARK, Ohio - Hopewell Federal Credit Union is excited about football season. The credit union will sponsor this year's "Player of the Game" award on local radio station WNKO 101.7 FM's coverage of Licking County high school football. Hopewell Federal replaces National City Bank as this year's sponsor. Each week...

  • Cinfed Federal Credit Union Taps MarketMatch for Branding

    DAYTON, Ohio - To develop and execute a new brand strategy, Cinfed Federal Credit Union has turn to integrated marketing firm MarketMatch. The project will include member and stakeholder research, organizational analysis and design and verbal strategy recommendations for expressing the newly defined brand. MarketMatch will also team up with...

  • Beat Goes on With CURIA, Reg Relief

    Hurricane Katrina coverage dominates this issue, but there was other news in credit union land including new potential CURIA co-sponsors and movement on Reg Relief. Read about both on page 21.

  • MAX Batters Up for Southern League All-Star Baseball Game

    MONTGOMERY, Ala. - MAX, Your Community Credit Union! is ready to play ball as the title sponsor of the MAX 2006 Southern League All-Star Baseball Game. "We are very proud to announce plans for the MAX 2006 Southern League All-Star Game," said MAX, Your Community Credit Union! President/CEO Greg McClellan....

  • Truliant FCU Sponsors National Black Theatre Festival

    WINSTON-SALEM, N.C. - The National Black Theater Festival has added a new sponsor - Truliant Federal Credit Union. As part of the deal the credit union also hosted a celebrity reception to kick off the week-long Festival activities. "We're very excited to be a part of the National Black Theatre...

  • OCCU Discovers Education, Fun Keys to Reaching Younger Members and Consumers

    SANTA ANA, Calif. - For Orange County's Credit Union Community Education and Development Assistant Vice President Leticia Mata, promoting financial literacy has not only been lots of fun but it has helped the credit union reach out to more community residents and businesses. "We're more than a financial institution, we're...

  • Special Report: Retail Delivery Systems/Marketing

    Credit unions continue to find marketing opportunities in all sorts of places. Read about that and more in the special report on pages 22-24.

  • Mountain America CU Puts Women In Focus

    SALT LAKE CITY - Mountain America Credit Union is ready to take a closer look at women with its newly unveiled Women's Financial Services Network (WFSN). According to MACU Chief Information Officer and WFSN Senior Vice President Annette Zimmerman, forming the new service "was a matter of research, networking and...

Letters to the editor

  • L.A. SBA Committed to Working With CUs

    On behalf of the Los Angeles District Office of the U.S. Small Business Administration, the California Credit Union League and WesCorp, I'd like to thank Credit Union Times for helping to get the word out about SBA and other member business lending and how these programs can provide financial benefits...

  • Polish & Slavic FCU Committed to Staying a Credit Union

    We were surprised and disappointed to read in your Aug. 17 issue an article on the Polish & Slavic FCU containing speculation about our institution "demutualizing" based on the opinion of one individual. As we have stated several times in the past, the credit union has no current plans to...

  • 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....

  • Credit Union Movement Must Maintain its Identity

    After reading the story on Cliff Dias' retirement in the Aug. 31, I think maybe you should point Mr. Dias to Texas in case he hasn't read about Community Credit Union and OmniAmerican Credit Union. Obviously, he hasn't completely thought through the ramifications of having a handful of mega credit...

Looking Back

  • Credit Union Times Vol. 12, No. 38 September 19, 2001

    Looking back four years ago finds the United States and the world reeling from terrorist attacks against the World Trade Center, a pillar of America's economic might, the Pentagon, a monument to America's military and a plane crash in Pennsylvania that left a nation stunned and looking for answers. "It...

People

  • EAST

    Charter Oak Federal Credit Union, Groton, Conn., has promoted the following employees: Joseph Childress to assistant vice president of information technology; Jeffrey McKernan to assistant vice president of lending services; Patricia Michaud to assistant vice president of financial accounting; and Debbie Snajczuk to assistant vice president of service center administraton/business...

  • MIDWEST

    Heritage Credit Union, New Berlin, Wis., has named Mark Bolton Sauk branch manager and Richelle Galle assistant branch manager. Scott Credit Union, Collinsville, Ill., has promoted Lisa Brandt to vice president of branch operations. In addition, Scott CU has named Janice L. Pyszka vice president of human resources.

  • WEST

    Global Credit Union, Spokane, Wash., has promoted Marilyn Desmarais and Debra Hamilton to loan officers. Nevada Federal Credit Union, Las Vegas, has hired the following employees: David Ellingson assistant vice president data processing; Beverly Marzo underwriter; Jamee Pablo mortgage servicing tech I; Cynthia Dukes financial services representative II; and Jorge...

  • SOUTH

    Escambia County Employees Credit Union, Pensacola, Fla., has named Ashley Jansky member services supervisor. America's First Federal Credit Union, Birmingham, Ala., has named Denise Vasut assistant vice president of research analysis; Mike Thomas assistant vice president of branch operations; and Lori Smith assistant vice president indirect lending. Louisiana Credit Union...

Publisher's Column

  • Sometimes It Doesn't Pay To Be Too Subtle

    Credit union CEOs who orchestrate a charter conversion to a bank should be fired for not representing the best interests of the credit union's members. Boards involved should also be replaced. For the same reason. Time to cut through all the cutesy rhetoric such as the pure baloney that a...

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