Credit Union Times Magazine April-26, 2006

In Other News

  • BRANCHING OUT

    Sebasticook Valley Federal Credit Union, Waterville, Maine, received approval from the Pittsfield Planning Board to build a new main office in Pittsfield. Because the CU has grown by 275% over the past eight years, it has outgrown its current facility and a new location will provide a more convenient location,...

  • AWARD

    The United Way of Broward County has named Mark Holmes, vice president of marketing at Eastern Financial Florida Credit Union, Miramar, Fla., volunteer of the year. Holmes will receive an award during the organization Annual Meeting on May 4. Currently, Holmes serves on the Campaign Cabinet for the United Way...

News

Tech Bytes

  • Tower FCU Renews with DI

    CALABASAS, Calif. - Digital Insight has renewed its Internet banking relationship with the $1.5 billion Tower Federal Credit Union The multi-year agreement covers services to nearly 40,000 of Tower FCU's active consumer Internet Banking users and nearly 10,000 online bill pay users. Since 2002, Tower FCU's home banking adoption has...

  • Allied Solutions, Acxiom Insight Offer Identify

    BROOMFIELD, Colo. - Allied Solutions has teamed up with Acxiom Insight, the risk mitigation division of Acxiom Corporation, to help credit unions in their fight against identity theft. "Through our new alliance with Acxiom Insight, we will jointly deliver solid solutions designed to mitigate fraud related losses and provide financial...

  • CUNA Mutual Implements IQNavigator

    DENVER - IQNavigator, Inc., a provider of services procurement and spend management solutions, announced that CUNA Mutual Group has implemented its IQNavigator7 to manage the sourcing, procuring, tracking and payment of its temporary labor, IT services, and projects-based professional consulting. IQNavigator completed the implementation for CUNA Mutual, including six system...

  • USERS has Most Microsoft Money Certified Institutions

    VALLEY FORGE, Pa. -- USERS now has more financial institutions certified with Microsoft Money than any other provider. Of the more than 350 financial institutions with a two-way, XML-enabled connection between their Internet banking solutions and Microsoft Money, more than 25% of those connected institutions are credit unions that employ...

  • In Earth Day Promo, Coastal Pushes e-Mail

    RALEIGH, N.C. - With Earth Day April 22 and National Arbor Day April 26 on the calendar, Coastal Federal Credit Union is promoting conservation and environmental stewardship by urging members to use e-statements. By using electronics instead of paper, Coastal said it is "offering a simple solution that will help...

  • Credit Unions' Online Presence Still Growing

    WASHINGTON - Although the Internet is old hat now, there are still hundreds of credit unions that are discovering the channel each year. According to Callahan & Associates, the number of credit unions with a Web site increased from 5,369 as of year-end 2004 to 5,523 by the end of...

  • Nassau Educators FCU Turns to BANKDetect for BSA Compliance Help

    WESTBURY, N.Y. and CHURCHTON, Md. - Nassau Educators Federal Credit Union has tapped BANKDetect to help it comply with Bank Secrecy Act requirements. The BSA requires financial institutions to screen all new customers on account openings and periodically screen existing customers against changes in OFAC and other consumer databases. BANKDetect's...

News Briefs

  • Virginia Gov. Kaine Signs Three CU Bills in to Law

    RICHMOND, Va. - Gov. Tom Kaine put his signature on three bills offered on behalf of Virginia's state-chartered credit unions and which were easily passed by the state Senate and House of Delegates. The three bills each were passed unanimously by the Senate and House of Delegates and are all...

  • MECU Branches Out with Business Services

    BALTIMORE - After noticing that many of its members had small, home-based businesses and others were using their personal checking accounts for business needs, Municipal Employees Credit Union began offering services to cater to those needs. The $768 million credit union said it plans to offer business loans under $250,000...

  • Allied Solutions Earns Prestigious Center of Excellence Award

    CARMEL, Ind. - Purdue University's Benchmark Portal has recently honored Allied Solutions with the Center of Excellence Award. This designation was earned through the completion of a data collection, discovery and delivery process in which 24 areas of service for the collateral protection insurance (CPI) product were evaluated. Generally 60%...

  • Corrections

    Due to incorrect information provided to Credit Union Times, a photo caption on page 56 of the April 19 issue, "Minnesota CU Network Names Award Recipients," was incorrect. The man on the right was incorrectly identified as volunteer of the year winner Jim Seifert. His correct identification is Keith Malbrue,...

  • Cherry Blossom Run Fundraising Nets $530K for CMN

    WASHINGTON-The Credit Union Cherry Blossom 10-Mile Run and surrounding events blew right past the fundraising goal of $500,000, Credit Union Miracle Day, Inc. Chairman Juri Valdov recently announced. Credit unions' fundraising efforts for 2006 reached $530,000, approximately $100,000 more than last year. The funds benefit the Children's Miracle Network. Even...

  • 1st Advantage FCU Introduces Three Programs to Help Modest Means, Financially-Challenged Borrowers

    YORKTOWN, Va. - It's one thing for consumers who find themselves dealing with financial challenges to look for quick solutions to the problems they're immediately faced with. But 1st Advantage FCU has come out with three programs designed to help members stay on track when challenges arise. The Credit Score...

  • AACUC Chairman Provides CU 101, Shares Ownership Message

    SEATTLE - Their presence in this country spans nearly a century but credit unions still remain "one of the best-kept secrets," Bob Harvey, chairman of the African-American Credit Union Coalition recently said. Harvey, who is also president/CEO of $434 million Seattle Metropolitan Credit Union, provided some fundamentals on how to...

  • Pennsylvania's Diamond Credit Union Approved for Community Charter

    POTTSTOWN, Pa. - Diamond Credit Union, the 19th largest in the state, was approved by the Pennsylvania Department of Banking to become a community credit union. Diamond CU's field of membership now includes Berks County and the Tri-County region, in addition to serving the employees of over 200 local businesses....

Regulatory/Compliance

Marketing

  • Anoka County FCU Says "Whatever" to Reach Teens

    CIRCLE PINES, Minn. - Anoka County Federal Credit Union Retail Services Manager Matt Lasiuta was recently featured on the popular teen news show "Whatever" for his energetic and engaging efforts to teach money management and financial planning to high school students. "Whatever" airs on local NBC-affiliate Kare 11 on Saturday...

  • Top CUES Golden Mirror Award Winners Announced

    TUCSON, Ariz.-CUES has announced the top honor Golden Mirror Award winners during the Nexus Conference held here at the Hilton Tucson El Conquistadore Golf & Tennis Resort. Walking away with the GMA Phil Davies Memorial "Best of Show" were Chad Hunter, marketing vice president and Michael Duffy, CEO, Financial Center...

  • Truliant Steps it Up for Tax Season

    WINSTON SALEM, N.C. - Truliant Federal Credit Union has opened the doors of its Fred J. Sarda Community Pavilion to host free income tax assistance services through the Volunteer Income Tax Assistance (VITA) Program. The Forsyth Working Families Partnership offers this free tax preparation service through VITA to working families...

  • Cabrillo CU Marketing VP Named Vice Chair

    SAN DIEGO - Cabrillo Credit Union Vice President of Marketing Anne Legg, has been named vice chair of the CUNA Marketing and Business Development Council. Legg will serve as vice chair for two years. The CUNA Marketing and Business Development Council provides resources to credit union marketing and business development...

  • La Capitol FCU Gets Cooking With New Promotion

    BATON ROUGE, La. - La Capitol Federal Credit Union has recently launched a new checking promotion that appeals to locals' inner "Grillmaster". Mainly targeted at current members without checking, the campaign features a free Chef's Dream barbecue set to any member who signs up for an automated checking account.

Opinions

Letters to the editor

Opinion

Publisher's Column

From the Board Room

People

  • MIDWEST

    Minnesota Credit Union Network, Bloomington, Minn., recently elected three new representatives and two incumbents to three-year terms on its board of directors. Newly elected were: Chuck Albrecht, Nick Meyer and Patrick Pierce. Re-elected were: Jim Carrier and Harry Carter. The board also elected a new slate of table officers: Richard...

  • SOUTH

    Jeffrey B. Hendrickson, president/CEO of Dow Louisiana Federal Credit Union, Plaquemine, La., recently completed all prerequisites of the Credit Union Exectuvies Society's "CEO Institute" program. This achievement qualifies Hendrickson to be one of the esteemed graduates of this distinguished program and to receive the designation of Certified Chief Executive. La...

  • EAST

    Mark Ely recently joined Hershey Federal Credit Union, Hershey, Pa., as the marketing/business development manager, a new position for the credit union. Sunmark Federal Credit Union, Schenectady, N.Y., has named Darald Novak as the property and casualty insurance specialist of member investment services. Service Credit Union, Portsmouth, N.H., has named...

Events Calendar

  • MEETINGS & EVENTS

    MAY Associations MAY 01-03 Washington CU League's Business Services Conference, TBA, Wash. For info: Nancy Pullen, 206-340-4111, x 107. MAY 02-05 CUES Public Policy Institute, Brookings Executive Education, The Brookings Institution, Washington, D.C. For info: Membership Services, 800-252-2664, x 5316. MAY 03-06 Georgia CU Affiliates Annual Conference , Hyatt Regency,...

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