Credit Union Times Magazine February-01, 2006

In Other News

  • AWARDS

    Jeanne D'Arc Credit Union, Lowell, Mass., has been presented the Outstanding School Partner award by the Nashoba Valley Technical High School (NVTHS). The award recognizes corporate or non-profit entities who, through their contribution to the public schools in the community, have demonstrated support for public education. JDCU is part of...

  • AWARDS

    Cabrillo Credit Union, San Diego, and its partners, Sharp Credit Union and Carlsbad Credit Union have honored its credit union members for their service and dedication to the credit union. Among the honorees were United States Border Patrol Agent Frank Miranda and Tina Bravo-Paisley who were presented with an award...

News

News Briefs

  • $1 Billion in Disaster Loans Approved First 18 Days of January, SBA Says

    WASHINGTON - The recovery and rebuilding process in the Gulf Region continues to move at a record pace when it comes to SBA disaster loan approvals. Since the aftermath of Hurricane Katrina, the agency has approved more than $3 billion in low-interest, taxpayer-backed disaster loans - $1 billion approved in...

  • Dayton Firefighters FCU Shares Great Year with Members

    DAYTON, Ohio - The Dayton Firefighters Federal Credit Union is joining the long list of credit unions that gave back a bonus dividend and an interest rebate to their members at the end of 2005. The board approved a 2% bonus dividend along with a 3% interest rebate. The credit...

  • Small CU Workshop Schedule Announced for 2006

    ALEXANDRIA, Va.-NCUA announced last week that its Office of Small Credit Union Initiatives will host 20 training workshops from coast-to-coast throughout 2006. The free workshops for credit unions cover significant current issues, including disaster recovery planning, hot regulatory topics, financial education, and due diligence best practices. "I encourage credit unions...

  • Senate Majority Leader Frist, Rep. Otter Join GAC Line Up

    WASHINGTON-Senate Majority Leader Bill Frist (R-Tenn.) and Congressman C.L. "Butch" Otter (R-Idaho), a long-time credit union supporter, have agreed to speak at CUNA's Governmental Affairs Conference at the end of February. CUNA Senior Vice President of Communications Mark Wolff said he believes this is the first time Frist has addressed...

  • Clarification

    In the "Community First CU Reaches $1 billion in Assets" news brief that ran in the Jan 18 issue on page 12, the credit union did not provide its full name. The name should have read Community First Credit Union of Florida. There is a $118 million CU in Mulberry,...

  • Lloyd's, Identity Fraud Inc. Toss Hat into ID Theft Protection Ring

    SAN FRANCISCO - Credit unions looking to help their members in the identity theft fight now have a new option. Lloyd's and Identity Fraud, Inc.(IFI) have joined forces to provide credit union members identity theft insurance. "Identity theft and information theft continue to present significant and growing exposures for individuals...

  • Hanley Elected to CUNA Board

    MADISON, Wis.-Orange County Teachers Federal Credit Union CEO Rudy Hanley was elected to serve on CUNA's Board of Directors last week. The nomination deadline for the District 6, Class C seat, vacated by Richard Ghysels when he retired Jan. 3 as CEO of First Financial CU, was Jan. 23. Class...

  • Arizona Federal Provides Members a $2.7 Million Bonus

    PHOENIX - Arizona Federal Credit Union has returned $2.7 million to its members in the form of an additional $15 dividend deposit. The $15 dividend deposit in each member's account represents a return of earnings for members utilizing the services of the credit union. "When someone establishes an account at...

Marketing

Tech Bytes

  • America First CU Offers Online Billpay for Businesses

    SALT LAKE CITY - America First Credit Union announced that it has launched an online billpay service designed specifically for its business members. The $3 billion credit union said that business members can make payments up to $50,000, pay multiple invoices from a single vendor with a single check, and...

  • Notaries to Go Electronic in Pennsylvania

    LOS ANGELES - On Feb. 2, the state of Pennsylvania will launch a statewide electronic notarization system that will likely serve as a model for other states across the nation. The system is the result of a joint effort between the National Notary Association (NNA) and the Pennsylvania Department of...

  • Company Takes Fresh Approach to Target Marketing

    HINDSDALE, Ill. - aaBeck Technology Group recently announced the addition of 11 new customers ranging in asset size from $15 million to nearly $1 billion. The company makes an online target marketing system called Deep Target. Perhaps more interesting than the range in asset size of these new customers is...

  • SECU Provides Online Financial Assessment Tool

    RALEIGH, N.C. - State Employees' Credit Union has added an online personal financial assessment tool to its Web site. The tool allows members to evaluate their general financial condition (net worth and cash flow), the adequacy of their life insurance protection and whether they have sufficient emergency funds available. Members...

  • Treasury ID Theft DVD Features NAFCU Attorney

    WASHINGTON-NAFCU Director of Compliance Anthony Demangone heading for the movies? Not likely, he said, but admitted, "It was kind of exciting" to work on the Treasury Department's recently released DVD, Identity Theft: Outsmarting the Crooks. The video is aimed at helping consumers avoid becoming victims of identity theft. It will...

  • Another Take on Multi-Factor Authentication

    BROOKFIELD, Wis. - Core banking software provider ITI, a unit of Fiserv, announced that it has partnered with VASCO Data Security to offer that company's Digipass multi-factor authentication products. Digipass is a line of what VASCO calls one-time password, or OTP, token devices. Each Digipass device is programmed with a...

  • Digital Mailer Customers to Save $1.5 Million

    HERNDON, Va. - E-statement provider DigitalMailer claims that the postage-rate increases effective Jan. 8 will translate to an additional savings of $1.5 million for its customers over the course of 2006. This figure takes into account only members of DigitalMailer's "Biggest Losers Club." The company defines members of this club...

  • Filene Seminar Explores Innovative Strategies

    MADISON, Wis. - The Filene Institute's "Exploring Blue Oceans for Credit Unions" seminar, held Jan. 6-7, was designed to help credit union executives create and nurture a culture of innovation in their organizations and apply proven, value innovation strategies to their planning. Attended by 70 credit union executives, the workshop...

  • Compushare named CUISPA Affiliate Member

    SANTA ANA, Calif. - The Credit Union Information Security Professionals Association (CUISPA) has named IT provider Compushare as an affiliate member. Compushare's consultative solutions group assists credit unions with risk and compliance in areas such as GLBA compliance, information security and business continuity. Its integration practice manages projects including large...

  • CUNA Mutual Selects SST as Preferred Auto Loan Servicing Solutions Partner

    MADISON, Wis. - CUNA Mutual Group has tapped Systems & Services Technologies Inc., a leading independent loan servicer, to provide auto loan servicing solutions to CUNA Mutual's collateral protection credit unions and their members. The partnership is effective immediately and means SST will provide auto loan servicing solutions designed to...

  • Texans Credit Union Taps Corillian for Online Small Business Support

    RICHARDSON, Texas - Small business members of Texans Credit Union will now have enhanced business banking services through a new alliance with Corillian Corp. Corillian, a provider of online banking, payment and anti-fraud solutions, will provide its Corillian Small Business Banking suite to the $1.5 billion CU. Texans CU's small...

Special Report

  • New Pima Federal CU Branch Serves Business District

    TUCSON, Ariz. - Pima Federal Credit Union has added a new facility to its family of branches here. Wanting to create a memorable member experience, the new facility was designed with member convenience in mind from a spacious layout and on-site ATM to safe deposit boxes.

  • CEFCU Breaks Ground on New Member Center

    PEORIA, Ill. - CEFCU is taking steps to open its 20th Member Center in Central Illinois during the second quarter of 2006. The new, full-service, 7,200 square-foot facility will feature six drive-up service lanes, two drive-up Money Center 24 ATMs, and three Fast Track Teller machines in the lobby. Staff...

  • Congressman Stops by Kohler Credit Union School Branch

    SHEBOYGAN, Wis. - U.S. Congressman Thomas Petri recently stopped by a Kohler Credit Union in-school branch at Sheboygan South High School. In an effort to address the ongoing problem of financial literacy, the credit union partnered with the school district in opening this branch at the start of the school...

  • World Business Review Shines Spotlight on DEI Inc.

    CINCINATTI - Design/build firm DEI Incorporated has recently been featured in the Financial Series of Alexander Haig's World Business Review. Airing on CNBC, Bravo, International United Airlines flights, and over 120 college and university channels nationwide, the segment highlighted DEI's innovative designs, unique environments, and retail experience. Filming for the...

  • New Western Regional Sales Manager for Clayco

    ST. LOUIS - Design/build firm and credit union financial facilities newcomer Clayco has hired Thomas C. White Jr. as western regional sales manager. Based in San Diego, White brings to Clayco more than 24 years of experience serving the financial services industry. At Clayco, White's responsibilities include brand positioning, retail...

Briefs

Publisher's Column

  • Who Needs Banks Anyway?

    There is no need to fully rehash the banker battle, but here are the basics. The bankers have been unrelenting. The banking trade associations finally appear united against credit unions. The attacks are fierce, and widespread. That we know. We also know the credit union lobby is powerful and doing...

People

  • MIDWEST

    Home Town Federal Credit Union, Owatonna, Minn., has appointed Kim Westphal president/CEO. Credit Union ONE, Ferndale, Mich., has named Matthew Woryn and Kimberly Bilko business services consultants for its subsidiary ONE's Financial.

  • EAST

    Citadel Federal Credit Union, Thorndale, Pa., has named John Alfe director of facilities. Sunmark Federal Credit Union, Schenectady, N.Y., has named Lyn Kemnitzer human resources manager.

  • WEST

    Washington State Employees Credit Union, Olympia, has promoted John Iglesias to senior vice president. SELCO Community Credit Union, Eugene, Ore., has named Ramona Mitchell vice president/ business loan officer. Marion & Polk Schools Credit Union, Salem, Ore., has elected the following officers to its supervisory committee: Brant Wolf, chairman; James...

  • SOUTHWEST

    Security Service Federal Credit Union, San Antonio, has promoted Walter MaCal and Gina Drake to 24/7 Member Contact Center managers. El Paso Employees Federal Credit Union, Texas, has promoted Tanya Quintero to University branch manager; Rosa Meza to University assistant branch manager; and Veronica G. Guerra and Elsa Dorado to...

  • SOUTH

    Louisiana Credit Union League, Harahan, has promoted Jennifer Plaisance to financial accountant.

From the Board Room

Letters to the editor

In Memoriam

Opinions

Opinion

Publisher's Notebook

  • Tell Us How You Go `Beyond the Job'

    The people are what make the credit union industry so special. Credit Union Times reports every week about the things credit union people do that show they are living the `people helping people' philosophy. You only need to turn to page 10 to see this in action as a New...

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