Credit Union Times Magazine February-08, 2006

In Other News

  • AWARDS

    Sunmark Federal Credit Union, Schenectady, N.Y., has been recognized as one of the Great Places to Work in the Capital Region by The Business Review. Sunmark was one of more than 130 companies to enter, making the list of finalists on the strength of its employee evaluations. The award recognizes...

  • DONATIONS

    North Jersey Federal Credit Union, Totowa, N.J., has recently donated clothing items from their winter accessory drive to Eva's Village in Paterson and La Casa de Don Pedro in Newark. Since 1982, Eva's Village in Paterson has been dedicated to feeding the hungry, sheltering the homeless, and offering medical and...

  • AWARDS

    Alaska USA Federal Credit Union, Anchorage, has named Natalie Slaymaker the 2005 Employee of the Year and John Combs the 2005 Manager of the Year. Slaymaker began her Alaska USA career in 2001 as a receptionist in the Special Credits department. Since then her self-motivation, desire to learn, and enthusiastic...

News

News Briefs

  • Delta Community CU Expands Membership to Two Georgia Counties

    ATLANTA - Delta Community Credit Union recently received approval to expand its field of membership to two area counties here. The $2.5 billion CU can now serve residents of Fayette and Henry counties here. It is also going forward with its goal of building more branches, having just opened a...

  • CUNA Chairman Applauds ABA Chairman's Record Profits

    WASHINGTON-CUNA Chairman Juri Valdov `praised' the record profits announced for Zions Bank and doing their part to keep the banks as the nation's most profitable industry. "Kudos to Zions Bancorporation and [American Bankers Association] Chairman [Harris] Simmons for doing their parts to ensure that banking remains the nation's most profitable...

  • ESL FCU Rewards Members With $6 Million Dividend

    ROCHESTER, N.Y. - ESL Federal Credit Union is among the latest in the industry to issues a dividend to its members. The $2.8 billion CU said more than 180,000 members will receive their share of a $6 million dividend this month. To calculate the dividend, the CU added the total...

  • Former CUNA VP Creates Member Loyalty Firm

    Madison, Wis. - Kevin Lytle, former CUNA vice president of marketing and sales, hopes to help credit unions and other cooperatives increase member loyalty through his new firm, Member Allegiance, LLC. "Mature co-operatives are finding it difficult to build loyalty within its membership," said Lytle. "But loyalty can not be...

  • Second Year in a Row Pittsford FCU Issues Dividend

    MENDON, N.Y. - This is the second year in a row Pittsford Federal Credit Union has issued a dividend to its members. The $218 million CU recently issued a "special member dividend." For 2005, it was $500,000, which was calculated by summing the total interest paid on loans and the...

  • First Data to Keep Card Issuing Business

    DENVER - After almost two months of hints from the company and speculation from analysts, First Data Corporation, the card processor for many credit unions, announced last week that it would stay in the card issuing business after all. Company officials had noted that when compared to its Western Union...

  • Pantano Re-elected NJCUL Chairman

    HIGHTSTOWN, N.J. - Rina Pantano, president/CEO, New Jersey Gateway FCU was re-elected chairman of the New Jersey Credit Union League. She'll serve for one year. Pantano has served on the board since 1998. Prior to first being elected chairman in 2005, Pantano was vice chair. But NJCUL spokesperson Sharon Dilling...

Tech Bytes

  • American Airlines FCU Debuts Redesigned Web Site

    FORT WORTH, Texas - American Airlines Federal Credit Union recently introduced a totally revamped Web site to its members. Designed my international interactive media firm Agency.com, the purpose of the redesign is to refocus the site on the member experience. To ensure that the site meets the needs of the...

  • Arizona FCU Launches Phishing Counter-Attack

    PHOENIX - Arizona Federal Credit Union has selected online risk management company Cyveillance to provide that company's anti-phishing solution to the credit union. This comes in response to a recent Federal Trade Commission report that names Arizona as a national hotspot for identity theft. With 22 branches and $1.7 billion...

  • Denali Alaskan Mortgage Gains Online Home Loan Approval Capability

    ANCHORAGE, Alaska - Members and non-members of Denali Alaskan CU interested in financing their mortgage or refinancing their existing one through the credit union can now access the CU's online mortgage center and get instant approval. Denali Alaskan Mortgage has begun offering online application capability. Denali Alaskan Mortgage Production Manager...

  • Check 21 Moving to the Merchant

    DAYTON, Ohio - In a sign that electronic presentment, a.k.a. Check 21, is being pushed out to the merchant, retail systems provider Ingenico recently agreed to purchase check scanners from Panini North America. The Panini My Vision X scanner is already in use by a number of credit unions, and...

  • Fidelity: All Aboard For 2.2 Million Loans

    JACKSONVILLE, Fla. - According to Fidelity Information Services, a division of Fidelity National Financial (NYSE: FNF), its Electronic Loan Interface (ELI) loan-boarding tool was used to convert more than 2.2 million loans to the company's Mortgage Servicing Package in 2005. Boarding is the process by which acquired loans are converted...

  • IT Security Sleuths Walk Right In, Walk Right Out . With Confidential Data in Hand

    BATON ROUGE, La. - Jim Stickley routinely walks into credit unions disguised as an exterminator or fire marshal and walks out with unencrypted data tapes and other goodies that could easily compromise the CU's security, reputation and bottom line. Stickley is chief technology officer and vice president of engineering for...

  • Two Community CUs Select Corillian

    PORTLAND, Ore., - Oregon Community Credit Union of Eugene, Ore., and Utah Community Credit Union of Provo, Utah, have both selected Corillian for that company's online banking, payment, and authentication products. According to Oregon Community, the new system is advantageous from a marketing perspective. "Corillian's solutions are superior in that...

  • CheckFree IS Chooses Multifactor Authentication for New Application

    SAN MATEO, Calif. - CheckFree Investment Services has selected the TriCipher Armored Credential System (TACS), from TriCipher, Inc., for multifactor authentication. TACS will be used when CheckFree deploys its new CheckFree EPL (Enhanced Portfolio Lifecycle) online investment management system. According to TriCipher, TACS provides a highly customizable multifactor authentication environment....

Special Report

Opinions

Letters to the editor

Looking Back

  • CREDIT UNION TIMES Vol. 15, No. 6 February 11, 2004

    Looking back two years ago finds NCUA disqualifying Columbia Community Credit Union's previous vote to convert to a mutual savings bank. "We have sent a letter to Columbia indicating that we found their voting procedures unfair," said Melinda Love, NCUA's regional director for Region V, based in Tempe Arizona. "And...

Publisher's Column

People

  • WEST

    Redwood Credit Union, Santa Rosa, Calif., has named Justine Malpas business development officer. Simpson Community Credit Union, Shelton, Wash., has named Bert Fisher senior vice president / chief operations officer. Wescom Credit Union, Pasadena, has named Cindy Law vice president/ controller. Veridian Credit Union, Waterloo, Iowa, has promoted Wanda Birdsong...

  • SOUTH

    First Flight Federal Credit Union, Greenville, N.C., has promoted Jason Groesser to director of lending. In addition, First Flight FCU has named Anna Thiel Fuquay-Varina branch manager.

  • EAST

    Jeanne D'Arc Credit Union, Lowell, Mass., has promoted the following employees: Susan Gruber to senior vice president/chief financial officer; Scott Flagg to senior vice president/human resources director; James Reddy to vice president/controller; Katherine Schroeder to vice president/mortgage processing manager; Dianne Dowd to assistant vice president/assistant human resources director; Mariann O'Brien...

  • MIDWEST

    Community Choice Credit Union, Livonia, Mich., has named Phil Cooper chief operations officer. NuMark Credit Union, Joliet, Ill., has named Ed Stofko executive vice president of operations.

In Memoriam

  • Credit Union ONE Mourns Loss of Former SVP

    FERNDALE, Mich. - Former Credit Union ONE Senior Vice President Kevin J. McCarty has died at the age of 68 due to complications from cancer. Devoted to the credit union movement for over 40 years, McCarty always believed in helping others and while in the Peace Corps he helped develop...

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