Credit Union Times Magazine August-02, 2006

In Other News


    Heritage Federal Credit Union, Newburg, Ind., was recently named the Territorial Corporate Volunteer of the Year at a dinner hosted by the Salvation Army. The award was given to one company within a 10 state area. Heritage Federal has enjoyed a strong working relationship with the Salvation Army and was...


    United Teletech Financial Federal Credit Union, Eatontown, N.J., recently helped build homes for Habitat for Humanity. As part of a community build at Monmouth Mall, employees and board members of the credit union helped construct six houses for the organization. Board member Derek Mahoney, Michael Peragino, director of information technology...


    First Flight Federal Credit Union, Cary, N.C., recently cut the ribbon on its Mortgage Center as local dignitaries and chamber members welcomed the credit union to the community. Maggie Larson, vice president mortgage loan consultant, and President/CEO Al Fallon cut the ribbon before inviting attendees into the new facility. First...


News Briefs

Breaking News

  • Court Decides Against DFCU Members

    DEARBORN, Mich. - A federal district judge has dismissed the attempt by three members of the $1.8 billion DFCU Financial to force the CU to hold a special meeting at which some or all of the board members could be recalled.




  • Putting Money with Mission. How Tough Times Create Great Opportunity

    It's no secret that Michigan has endured a struggling economy these past few years. Pressures first caused by the dot-com bust, followed by 9/11 and then the automotive industry challenges have taken their toll on Michigan businesses and their employees. And, most recently, we've borne the cost of rising energy...

Letters to the editor

  • Dropping Card Programs Gives Banks a Card Monopoly

    If we allow banks to control credit cards, we lose overall. We can be competitive and offer risk-based offers based on members' credit ratings and overall responsibility. I think it is important and I know I would prefer to have my credit card and checking accounts in the same place....

  • Credit Unions Must Stay in Credit Card Game

    Most definitely YES, credit unions must continue to offer cards. Credit unions now need to implement behavior monitoring systems to actively monitor plastic cards instead of simply relying on an insurer. Foregoing credit cards would be like removing net profits for some credit unions. We need to lobby on the...

  • Credit Unions Need Right Partner For Card Success

    We noted with interest the latest polling question about whether credit unions should "stay in the card business" considering the mounting pressures and risks associated with Fraud. The poll is a great idea and the timing is right on target! To us, however, the question is not whether a credit...

  • Credit Unions Can be Successful in Card Game, But it Takes Ongoing Work

    I was glad to see the high number of credit unions voting to remain in the credit card business. As an independent consultant and founder of a card consulting firm, I have been able to help credit unions realize the full potential of their card programs and the benefit to...

  • Card Cost Getting Hard to Justify

    With the ever-increasing costs of insurance for our credit card portfolio, it may soon be cost prohibitive to offer credit cards. Judy Hurt, CCUE Assistant Manager Greensboro Municipal Credit Union Greensboro, N.C.

  • Credit Unions Can be Successful in Card Game

    I was glad to see the high number of credit unions voting to remain in the credit card business. As an independent consultant and founder of a card consulting firm, I have been able to help credit unions realize the full potential of their card programs and the benefit to...

Publisher's Column

Quotes Worth Quoting

  • Quotes Worth Quoting

    "We recommend that you explain to your members why you think Lafayette will do better than the average bank or thrift on deposit and loan rates, particularly since the generic reasons Lafayette gives in support of its conversion..are the same for all banks and thrifts."


  • EAST

    SEFCU, Albany, N.Y., recently promoted Karen Heath to retail training manager of corporate learning and development.


    Security Service Federal Credit Union, San Antonio, has promoted Katie Kranik to manager of its Boerne Service Center.


    St. Joseph's Federal Credit Union, Canton, Ohio, recently named Cari Huthmacher as its new CEO. Veridian Credit Union, Waterloo, Iowa, has promoted Nathan Tobey to the position of business development coordinator and Rusty Naber to branch supervisor at its Park Avenue Hy-Vee branch. The CU has also named Peter Halvorson...


    Insight Financial Credit Union, Orlando, Fla., has announced that Shirley Stephens, member service representative, has been presented with the CU's Mission Excellence Award for the second quarter 2006. Memphis Area Teachers' Credit Union, Memphis, Tenn., has named Judy Conrad vice president of lending. Heritage South Community Credit Union, Shelbyville, Tenn.,...

  • WEST

    Security Service Federal Credit Union, Colorado Springs, Colo., has appointed Carolyn Geyer as human resources manager. Community One Federal Credit Union, Las Vegas, has appointed Fran Silverstein to vice president of facilities and risk management; Denise Mora to vice president of sales and service; and Becki Powell to marketing manager....

From the Board Room

  • Opportunities to Educate Never End for BrightStar CU Chair Dr. Dorothy Orr

    SUNRISE, Fla. - When it comes to education, BrightStar Credit Union Board Chairperson Dr. Dorothy Jackson Orr is a big believer in "doing what you can and as much as you can to help others."

  • New CUANM Board Chairman Elected

    ALBUQUERQUE, N.M. - White Sands Federal Credit Union CEO William Jacobs has been elected chairman of Credit Union Association of New Mexico. Jacobs has served as the CEO for WSFCU since 1997. Through his tenure, Jacobs has overseen the organization's growth within the credit union industry. WSFCU is currently the...

  • Franklin Mint FCU Introduces Newest Board Director

    MEDIA, Pa. - Franklin Mint Federal Credit Union has welcomed a new director Dr. Harry J. Jamison, a retired Delaware County Intermediate Unit Executive Director. Dr. Jamison's skills and reputation for quality education will be put to good use by advising the credit union on its education initiatives. FMFCU's "Partners...

  • Heth Named Iowa CUL Chairman

    CEDAR FALS, Iowa - Iowa Community Credit Union CEO Mark Heth has been elected chairman of the Iowa Credit Union League. "I am honored to serve as the chairman of the Iowa Credit Union League," said Heth. "There are many new, exciting initiatives taking place at the League and I...

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