Credit Union Times Magazine February-22, 2006


News Briefs

  • Stein, Jennings Added to NAFCU's Annual Conference Line Up

    ARLINGTON, Va.-Working with the theme "Imagine the Possibilities," NAFCU has announced informative speakers and fresh educational session topics for its 39th Annual Conference and Exhibition. The 2006 Annual Conference, slated for the Metro Toronto Convention Centre, Canada July 12-15, will feature Emmy-winning entertainer and writer Ben Stein and business leadership...

  • CUMAnet Returns $1 Million in Surplus Funds to Three Owners

    BASKING RIDGE, N.J. - After experiencing "unprecedented" growth over the past few years, the Credit Union Mortgage Alliance Network (CUMAnet) has decided it will return $1 million in surplus funds to its three owners - Affinity FCU, Greater Alliance FCU, and Proponent FCU. CUMAnet Chair Jerry D'Ambrosio said the CUSO...

  • CU Looks to Moviegoers for New Members

    ALEXANDRIA, Va. - The $123 million HEW FCU has piggybacked onto Hollywood in an effort to attract new members from the District of Columbia. The program, which got underway in 2005, has brought in between 50 - 100 new members who responded to ads they saw at some Washington area...

  • President Signs Deposit Insurance Reform into Law

    WASHINGTON-Legislation to modernize the FDIC and update its coverage limits was signed into law Feb. 8. President George W. Bush signed The Deficit Reduction Omnibus Reconciliation Act of 2005, which included the deposit insurance reform legislation, according to CUNA Legislative Affairs Manager Linda Haer. The bill allows the FDIC to...

  • Mountain America Still the No. 1 CU SBA 7(a) Lender

    WASHINGTON - Mountain America Credit Union continues to be the No.1 credit union SBA 7(a) lender in the country. The $1.5 billion CU approved 297 loans last year totaling more than $11 million, according to SBA data as of Sept. 30, 2005. Member Business Lending, LLC was launched by the...



Special Report


  • Can Technology Keep Us Secure?

    Every day we depend on technology to control our lights, record our sales transactions, and ensure our money is available when we want it. We use technology to store vital information such as birth, death, marriage and divorce records, our checking and savings account balances, and the mortgage for our...

Letters to the editor

  • Gentile is Right - Who Needs Banks Anyway?

    I really appreciated editor-in-chief Paul Gentile's Feb. 1 column entitled "Who Needs Banks Anyway?" and I have begun a review of our vendors to determine which vendors are credit union friendly. For a very long time now I have wondered if I was doing all that is possible to counteract...

  • Let's Keep the Branding Issue Alive

    I must say that editor-in-chief Paul Gentile is really helping ignite my passion for credit unions with his columns on a national branding campaign. Recently, I was in a conversation with a banking consultant who basically did not believe in the credit union movement or even care. Basically, his point...

Quotes Worth Quoting

  • Quotes Worth Quoting

    "They will at least have a bit of a learning curve...It is incumbent upon credit unions to pick up some of that slack." - Centrix EVP Geoff Bacino on the turnover of lobbyists at the two major national credit union trade associations. "One thing we've learned over the years is...



    NuMark Credit Union, Joliet, Ill., has named Ed Stofko executive vice president of operations for its Countryside, Joliet and future Crest Hill branch.


    Studio 109 Designs, LLC, an architectural and engineering firm providing sole services to design/build firm PWCampbell, has named Susan Myers logistics manager. DEI Incorporated, a design/build firm, has named Tom Delaney, John Cox and Ken Fannin site managers; Bruce Ihrig project manager; Donna Schwab project estimator; and Denise Reidenbach first...


    SRP Federal Credit Union, North Augusta, S.C., has named Lee Bennington facilities manager. UT Federal Credit Union, Knoxville, Tenn., has named Lisa Rodgers vice president of finance.

  • WEST

    Point Loma Credit Union, San Diego, has named Karen Olason internal auditor. SELCO Community Credit Union, Eugene, Ore., has named Kimberly Zahr Salem branch senior business development officer. In addition the credit union has promoted Lou Panni to business development officer. Washington State Employees Credit Union, Olympia, has named Kristina...

  • EAST

    Northern Massachusetts Telephone Workers Credit Union, Lowell, has promoted the following employees: Karen Sintiris to assistant vice president; Mark Palermo to senior financial analyst; Elizabeth Cordaro to business development manager; and Kathy O'Connor to business relationship manager. In addition NMTWCU has named Judy Dodier assistant vice president of business development.

In Memoriam

Publisher's Column

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