Credit Union Times Magazine August-09, 2006

In Other News


    Southern Select Community Credit Union, Kannapolis, N.C., recently awarded Brittany Troutman its 2006 scholarship. The CU's President/CEO Huyla Jackson presented Troutman with the scholarship, which she will use to attend Raliegh's Meredit College in the fall. Troutman, carrying a 4.0 GPA, plans to continue her study of dance and is...


    Great American Credit Union, San Diego, raised over $3,286 during the Credit Union for Kids "Miracle Month of May" by holding bake sales, "White Elephant" auctions and cooking hot dogs for members during lunch.


    Founders Federal Credit Union, Lancaster, S.C., recently honored the recipients of its 2006 Laura M. Fleming Scholarships. Four recipients were chosen from over 60 applicants. The winners are David Pinkham, Brittany Murphy, Ja'Pel Sumpter and Jill Wessinger. Each recipient received $1,000 per year to attend the college or university of...


    Kent Credit Union, Kent, Ohio, has awarded two $500 scholarships to local students in conjunction with the recent grand opening celebration of its newest office in Streetsboro. The winners were Chanice Jones and Sarah Spinelli. Chosen by a Scholarship Committee comprised of credit union board members, the winners were selected...


    HAR-CO Maryland Federal Credit Union, Bel Air, Md., awarded one scholarship to a student at each high school in the county. In addition, two special scholarships are presented, one in memory of HAR-CO board member and county teacher Edward V. Goetz, to a student who plans to take up environmental...


    GenFed Federal Credit Union, Akron, Ohio, awarded $1,000 to three GenFed members as part of its scholarship program. Two of the winners won the Carroll Prather Young Scholarship, which was established in 1998, and honors William Prather, Homer Carroll and Jack Young, three men who contributed to the success of...


    Ohio University Credit Union, Athens, Ohio, was again the signature sponsor for Bowl for Kids' Sake, the major fundraising event for Big Brothers and Big Sisters of Athens County. OUCU was the top money-raising community organization with the 11 teams of credit union employees bowling and raising $3,550. The OUCU...


    The Golden 1 Credit Union, Sacramento, Calif., was recognized for its work with the Children's Miracle Network by a surprise visit by the Hershey's Kissmobile. The Kissmobile Cruiser, a 25-foot long, 12-foot tall converted truck displaying three large Hershey's Kisses, travels across North American with the message that "every kid...


    South Texas Federal Credit Union, McAllen, Texas, recently awarded five $1,000 scholarships towards continuing education. The scholarship recipients were: Kassandra Sanchez, Robert Cantu, Elizabeth Valdez, Stacy Lee Prukop and Jaime Saenz.


    GHS Federal Credit Union, Binghamton, N.Y., has awarded a $500 scholarship to Nicholas VanKuren, who will attend Cornell University in the fall. Scholarship applications were submitted to the New York State Credit Union League for consideration at the state, chapter and local levels.


    Wanigas Federal Credit Union, Saginaw, Mich., participated in the 2006 Saginaw Township Relay for Life sponsored by the American Cancer Society. The event raises money to help find a cure for many forms of cancer and honors cancer survivors, caregivers and cancer victims. The Wanigas FCU team sold candy bars,...


    Sharon Credit Union, Mansfield, Mass., recently awarded $1,000 to Thomas Bregnard, the 2006 Mansfield recipient of the Sharon Credit Union annual scholarship award. Awards are given to graduating seniors from Mansfield, Sharon and Walpole high schools who have demonstrated outstanding achievement in both academics and community service. Bregnard will be...


    SELCO Community Credit Union, Eugene, Ore., has named 16 scholarship recipients for 2006. The Oregon high school seniors were awarded $1,500 each for their combination of scholastic achievement and community involvement. Qualifying students were required to have a minimum GPA of 3.5, submit an essay and letters of recommendation, and...


    Georgetown Kraft Credit Union, Georgetown, S.C., recently recognized the recipients of the 2006 Georgetown Kraft Credit Union College Scholarships. Each recipient was awarded $1,000 that can be used towards tuition, books or room and board at any two- or four-year college. The recipients for the 2006 GKCU College Scholarships are:...


Front Page News

News Briefs


  • Hanscom Federal Credit Union Goes Grilling to Say Thanks

    Hanscom Federal Credit Union is fired up about its members' loyalty. To show members how much they appreciate their support over the years the credit union hosted a lunchtime barbeque. Here HFCU Collections Manger Tom Boodry and Vice President of Lending Jim Metcalf grill hot dogs to members' specifications.

  • Members First Credit Union Hosts First E-Recycling

    Members First Credit Union is showing its dedication to "green" by hosting its first annual E-Recycling week. The credit union has partnered with Ohio Computer Recycling of Columbus for the event. MFCU members and residents of the community are encouraged to bring items such as personal computers, business computers, cell...

  • HAR-CO Maryland FCU Honored by MDDCCUA

    HAR-CO Maryland Federal Credit Union has been recognized for excellence in two categories recently by the Maryland & District of Columbia Credit Union Association. HAR-CO won a Trailblazer Award for Best Annual Report for its 50th Anniversary Annual Report, which celebrated a half-century of service. HAR-CO also was the sole...

  • Velocity Credit Union Supports Local Music

    Velocity Credit Union is taking center stage in supporting Austin's reputation as "Live Music Capital of the World." This year Velocity served as presenting sponsor of the legendary KGSR's Unplugged at the Grove, one of Austin's most eagerly anticipated annual musical traditions. Now in its 13th year, Unplugged at the...


Tech Bytes

Special Report



  • Use It Or Lose It

    I was watching the women's Wimbledon tennis finals last month and, not really being more than just a recreational player myself, I was struck by what a simple game it actually is. You serve the ball, stay back and volley until an opening is created, and then pounce, usually with...

Letters to the editor

  • Collaboration Has Its Benefits

    hits on something many of us in the credit union community know first-hand: Throughout our history, credit unions have experienced success through collaborative efforts. Consider the value that credit unions gain from the corporate credit union network, Payment Systems for Credit Unions, and CO-OP Financial Services. As a movement, we...

  • Gentile Nailed it; Small CUs Must Consider Their Future Now

    I just had to comment on Paul Gentile's July 12 column on large and small credit unions, and the future of them both. As the former CEO/manager of a small credit union, I was interested in knowing just how the statistics illustrated our plight. Gentile did an outstanding job in...

  • Tradition Redux

    "A fiddler on the roof. Sounds crazy, no?...You may ask...'How do we keep our balance?' That I can tell you in one word: tradition!"

Looking Back

  • CREDIT UNION TIMES July 9, 2000

    Looking back six years ago finds the American Bankers Association opening a new front in an old war with a new initiative to repeal the credit union federal tax-exemption and restrict CU membership privileges.


Publisher's Column



    Army Aviation Center Federal Credit Union, Daleville, Ala., has re-elected Donald J. Marnon to his ninth term as chairman of the board of directors. MACO Educators Federal Credit Union, Woodstock, Ga., promoted Teri Correll to vice president of lending.

  • WEST

    Denver Media Credit Union, Denver, has announced that its President/CEO L. Bartell Nyberg is retiring. Nyberg has been president/CEO since 1990 and prior to assuming that position, served on the CU's board for 10 years. Travis Credit Union, Vacaville, Calif., has appointed Richard Roark to vice president of process improvement...


    John M. Gibbons is returning to Securian Financial Group, Inc., St. Paul, Minn., as national sales consultant for the financial institution market. MRG Document Technologies, a Dallas-based provider of document preparation services for the financial industry, has promoted Darci Johnson to director of marketing and sales support.


    Arizona Federal Credit Union, Phoenix, has named Brandon C. White branch manager and Rae-Ann Peavy assistant branch manger to oversee its two Tucson locations. DM Federal Credit Union, Tucson, Ariz., has elected Gloria Gonzalez to fill a vacant position on its board of directors.


    Centra Credit Union, Scottsburg, Ind., has named Tyfiani Chandler branch manager of its Scottsburg Wal-Mart location. KEMBA Financial Credit Union, Columbus, Ohio, has promoted Philip Day to the newly created position of compliance officer.

  • EAST

    Affinity Federal Credit Union, Basking Ridge, N.J., has appointed Donna Watson-Moody as assistant vice president, training and development. Service Credit Union, Portsmouth, N.H., has named Joseph Casale manager of the special accounts department; Karen Baillargeon member service representative I; Peter Cronshaw courier; and Lisa Tower and Gail Davis real estate...

Billlionaires Club

In Memoriam

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