Credit Union Times Magazine January-25, 2006

News

  • Company Collecting Kudos with Risk-Management Software

    MALVERN, Pa. - Talk about traction. In its fifth year, Akcelerant Software has about 100 credit unions using its CollectAnywhere collections management system, a number it says is now growing by five to eight customers a month. A browser-based system on the front end, the CollectAnywhere software uses XML-based integration...

  • Managing Vendor Relationships: Consolidate? Outsource?

    CAMBRIDGE, Mass. - How to handle the increasing demands of meeting the bottom line while efficiently running the ship is a question IT shops and other business-decision makers have to navigate every day. A big factor in that is handling the vendors who provide the array of IT hardware and...

  • Size of Wallet Reflects in Use of Online Channel

    CAMBRIDGE, Mass. - The size of a credit union member's wallet has some relationship to how he or she uses the online channel, according to Forrester Researcher's sweeping Technographics study of American consumers. Certainly, access to broadband makes a difference (very few elderly people of lesser means use the speedy...

  • Imaging System, Employee Home Key to Makeshift Disaster Recovery

    JACKSON, Miss. - As Magnolia FCU here discovered in the aftermath of Hurricane Katrina, a disaster recovery hot site isn't of much value when all transportation is shut down. The credit union found itself without power. To make matters worse, with all airports closed, there was no way to get...

  • Credit Unions Support SBA

    The SBA has been under fire for how it handled loans after the terrorist attacks. Credit unions that were involved support the agency. Page 8.

  • Southern California Credit Union Uses Homegrown Solution To Get Members Online

    RIVERSIDE, Calif. - Surf's Up and calls are down at Altura Credit Union's member service center, where a homegrown effort has helped move callers off the phone and onto the Internet for routine business. Altura's call center was averaging about 12,000 calls per month from members wanting nothing more than...

  • Talk about Traction: Panini Moving Check-Readers into Credit Union Market

    DAYTON, Ohio - Ask Dave Youngerman how many credit unions are using his company's desk-top check scanner and he can only shrug and smile. That's because Panini North America sold more than 40,000 of the My Vision X check-imaging devices last year, frequently through value-added reseller agreements with Unisys, Open...

  • Special Report: Data Processing & Technology

    Turn to pages 22-28 for the latest technology news affecting credit unions, including a look at Panini's success with credit unions with its imaging equipment.

News Briefs

  • Mississippi CU Association Annual Convention to Feature Personal Grief Counselor

    JACKSON, Miss. - With so many Mississippi credit union employees still dealing with the effects of last year's devastating hurricane Katrina both in their professional and personal lives, the Mississippi Credit Union Association is scheduling a breakout session during its upcoming annual meeting and convention that will feature a private...

  • FEC Fines NAFCU/PAC for Inadvertent Error

    WASHINGTON-NAFCU/PAC has been fined $1,000 by the Federal Election Commission for a filing violation. NAFCU/PAC paid a civil penalty of $1,000 to the FEC for an inadvertent error by NAFCU/PAC Treasurer Murray Chanow, NAFCU's director of political affairs, in its end of year report covering post-election 2004. The amended FEC...

  • New Speakers Added for CUNA's GAC

    WASHINGTON-CUNA's 2006 Governmental Affairs Conference next month will be teaming with speakers of note. CUNA announced last week that it has added a number of speakers for the conference Feb. 26 through March 1. Treasury Assistant Secretary for Financial Institutions Emil Henry has agreed to speak at the GAC on...

  • Corrections

    In the Jan. 11 issue, a news brief titled "Meridian Credit Union Hosts Local Business Coffee Talks" incorrectly referred to Meridian Credit Union in St. Louis. The credit union mentioned in the news brief is actually located in Ontario, Canada. A Jan. 11 People item on page 39 incorrectly identified...

  • Bob Woodward to Address CUNA Annual General Meeting at GAC

    WASHINGTON-CUNA has gotten Bob Woodward to address its Annual General Meeting, which has been moved up from the summer to take place during the Governmental Affairs Conference. The Washington Post investigative journalist of `Deep Throat' fame has agreed to address the meeting on Sunday, Feb. 26 of the GAC. Woodward...

  • VantisLife Has "In" with 49 States

    EAST HARTFORD, Conn. - VantisLife Insurance Company has expanded its footprint across the nation to a total of 49 states. The company can now do business in the states of New Mexico, Nebraska, and Nevada. "Having access to 49 states is important to our overall business strategy," said VantisLife Senior...

  • Corporate America CU Brings New Business Lending CUSO To Alabama CUs

    IRONDALE, Ala. - Add Corporate Financial Solutions, Inc. to the list of CUSOs formed to assist credit unions with members business lending and services programs. Corporate America Credit Union launched Corporate Financial Solutions this month to bring a comprehensive small business management solution to Alabama credit unions. Services includes business...

Tech Bytes

  • Eleven Institutions Adopt Corillian's Intelligent Authentication

    PORTLAND, Ore. - Since its launch in October of 2005, 11 major financial institutions have adopted Corillian's new Intelligent Authentication, a product that facilitates multi-factor authentication in accordance with recent FFIEC guidelines. Intelligent Authentication uses computer intelligence to examine and track multiple patterns of online banking behavior and various non-personal...

  • NADA: Internet Use by New Car Dealers at 94%

    Mc LEAN, Va. - Credit unions involved in auto lending that compete against dealerships' financing offers should consider the following: The latest annual Dealership Internet Survey from the National Automotive Dealers Association shows 94% of U.S. franchised new and light truck dealers have Web sites. What's more, most of the...

  • Educators CU, Identity Theft 911 Help Members Take on ID Theft

    RACINE, Wis. - Educators Credit Union is taking proactive steps to help members fight identity theft by joining forces with Identity Theft 911. "We added the Identity Theft 911 program because we care about the financial well being and account security of our members," said Educators President Eugene Szymczak. "This...

Special Report

  • WECU Breaks Ground on Green Facility

    BELLINGHAM, Wash. - Whatcom Educational Credit Union has broken ground on its new Leadership in Energy and Environmental Design (LEED) Certified Real Estate and Commercial Loan Center. Honored guests included Mayor Mark Asmundson, County Executive Pete Kremen, Chamber of Commerce Chair Pat Rowe, Zervas Group Architects, Pearson Construction, WECU's President/CEO...

  • STCU Spreads Wings into North Idaho

    LIBERTY LAKE, Wash. - Spokane Teachers Credit Union (STCU) is gearing up to serve North Idaho residents. STCU will build its 10th branch - the credit union's first in Idaho - on a 57,200-square-foot parcel located one block west of Highway 41 in Post Falls, just north of Interstate 90....

  • E&A Credit Union Breaks Ground on New HQ

    PORT HURON, Mich. - E&A Credit Union has broken ground on a new 33,900 square-foot headquarters. "It has been the dream of our credit union to be able to grow with our membership in order to provide them with more services and conveniences for their daily financial life," said E&A...

  • KENT CU Opens Streetsboro Branch

    KENT, Ohio - Kent Credit Union has opened the doors to its new Streetsboro branch. "We are very pleased to be a part of this progressive, growing community. This office location will allow us to better serve our members who currently live or work in the Streetsboro area, and will...

  • HBE Financial Lines up Three New Credit Union Projects

    ST. LOUIS -HBE Financial Facilities is kicking off 2006 with over $15 million in contracts, which includes three credit union projects. La Loma Federal Credit Union, NE PA Community Credit Union, and Diamond Lakes Federal Credit Union have tapped the design/build firm for projects. The two-story 12,400 square-foot La Loma...

  • Credit Union First With School Bus Ads; Critics Question Notion of Advertising on the Buses, But Reception has Been Positive

    YPSILANTI, Mich. - "It's never too early to start saving for your future." That's the message being promoted by Ypsilanti Area Federal Credit Union to students in the Ypsilanti Public Schools as they ride the familiar yellow buses to and from classes. YAFCU is the first business to take advantage...

  • Newtek forms Partnership with General Motors Minority Dealers Association

    NEW YORK - The more than 200 auto dealership members belonging to the General Motors Minority Dealers Association (GMMDA) now have another resource for small business products and services through Newtek Business Services, Inc. Newtek will offer GMMDA its line of business and financial services including loans, merchant processing and...

  • CU's Payday Loan Product Hits $600,000

    WOODBRIDGE, Va. - Fort Belvoir Federal Credit Union is getting big volume on its payday loan alternative - close to $600,000 in the first year. "We consider our Advance Pay Loan a real success story," said Patricia S. Kimmell, president/CEO of the $203 million Fort Belvoir. The payday product, introduced...

  • North Carolina's SECU Expands its RV Loan Program

    RALEIGH, N.C. - With just a few months to go to vacation season, State Employees' Credit Union has expanded its recreational vehicle lending program to include a greater variety of RVs that can be financed as well as the terms of the loans. Previously, financing was limited to motorized RVs...

  • House Secure in Bernanke Confirmation

    WASHINGTON-Before he has even been confirmed to serve as chairman of the Federal Reserve, the House Financial Services Committee has already scheduled Ben Bernanke to deliver the Fed's semiannual monetary policy report to Congress. Bernanke will report to the committee on Wed., Feb. 15 at 10 a.m. His confirmation vote...

  • Texas Longhorn Baseball Field Receives $13 Million from University FCU

    AUSTIN, Texas - The University of Texas Longhorns' baseball field will soon be completely renovated thanks to a $13 million contribution from University Federal Credit Union. The $700 million CU recently inked an agreement with the school to renovate Disch-Falk Field, the home of the six-time national champion Texas Longhorns...

  • GrooveCar Expands Product Line to Include Motorcycles, Snowmobiles, Jet Skis

    MELVILLE, N.Y. - Credit unions are accustomed to associating indirect lending with automotive vehicles, but GrooveCar has taken the service a step further. The company has extended its product line to include all-terrain vehicles, snowmobiles and personal watercraft such as boats and jet skis. That's on top of GrooveCar's network...

  • Pacific Marine Credit Union Battles Ups And Downs of Military Membership that is Tied Closely to War in Iraq

    CAMP PENDLETON, Calif. - Imagine this: your credit union will sign up 20,000 new members this year, all in the must-have 18 to 25 age group. All of them have two years guaranteed employment, and are automatically signed up for direct deposit and an ATM card. Spend a few minutes...

  • OFAC Spells Out BSA/AML Enforcement Measures

    WASHINGTON-Treasury's Office of Foreign Assets Control recently issued guidelines explaining the sanctions for Bank Secrecy Act and anti-money laundering violations. Economic Sanctions Enforcement Procedures for Banking Institutions Regulated by FFIEC-member Supervisory Agencies, which was published in the Federal Register Jan. 12, works hand-in-hand with the Federal Financial Institutions Examination Council's...

  • New Record: Bankruptcy Filings Up 31.6% in 2005, But New Bankruptcy Law Gives Filers Pause

    BURLINGAME, Calif.-Though 2005 saw a record-shattering number of bankruptcy filings, the number has dropped dramatically since the law was enacted. According to Chris Lundquist, president of Lundquist Consulting Inc., the number of personal bankruptcy filings are down significantly since the Bankruptcy Abuse Prevention and Consumer Protection Act went into effect...

  • Serving on Chamber of Commerce Boards the Best Thing for Community CUs

    COLUMBUS, Ohio - Greg Kidwell has this piece of advice for community credit unions: serving on a community Chamber of Commerce is the best way to market what your credit union does for the community. Kidwell, president/CEO of community-based Members First CU, recently began his two-year term as president of...

  • Ten California Credit Unions Link up to Form Business Loan Link to Penetrate Lively MBL Market

    LOS ALAMITOS, Calif. - A group of 10 California credit unions have come together to form Business Loan Link, a new member business lending CUSO that aims to bring another player to serve one of the movement's fastest growing operations. The CUSO is owned by $71 million Allied Health Care...

  • Wal-Mart Stocks Credit Union Branches; Two More CUs Sign Branch Deals

    PORTSMOUTH, N.H. -Wal-Mart continues to look to credit unions to provide in-store financial services for its customers. The world's largest retailer has reached agreements with Service Credit Union here and Saginaw-based Team One Credit Union to open branches inside Wal-Mart retail store locations. Service Credit Union signed a seven-branch agreement...

  • Vermont League Sees No Major CU Issues on State Legislative Horizon, But Keeping Irons in the Fire

    SOUTH BURLINGTON, Vt. - The Vermont legislature over in Montpelier is half-way through its current two-year session and the really major topics - including health care, taxes and the state budget - aren't on the Vermont Credit Union League's "must comment" list. So it could be time for the state's...

  • IRA Rollovers Poised to Take Credit Unions to Another Level as Baby Boomers Turn 60 This Year

    WASHINGTON - While they remain a small slice of credit unions' portfolios, individual retirement accounts may still represent a promising avenue for some in the industry, especially in the area of rollovers. That was one of the discoveries shared at a recent Callahan & Associates, Inc. Webinar on successfully positioning...

  • Missouri Association Using Rotunda to Convey Message

    JEFFERSON CITY, Mo. - Countering new lobbying tactics by the state's banking lobby, the Missouri Credit Union Association is taking its positive `people helping people' message directly to lawmakers with an all-day exhibit on the floor of the capitol building rotunda. The "Credit Unions in the Community Day" slated Feb....

  • Credit Union 1 to Start Serving Very Underserved Area

    RANTOUL, Ill. - The $390 million Credit Union 1, a privately-insured credit union, has taken up the government of Illinois' challenge to provide financial services to some of the most underserved areas in the country. Pembroke Township is a rural community about 60 miles south of Chicago in Kankakee County....

  • Johnson Approaches 17 Years Leading CUES; Membership at All-Time High

    MADISON, Wis. - As Credit Union Executives Society CEO Fred Johnson approaches 17 years leading the association, he says CUES is more focused than ever on its core mission, professional development. CUES is not a trade association. It does not lobby. It is comprised of individuals, not credit unions. It...

  • NCUA's Northup Crosses the Potomac to the U.S. Mint

    WASHINGTON-NCUA Director of Governmental and Congressional Affairs Cliff Northup has disclosed to Credit Union Times that he will be moving over to the U.S. Mint as its new director of legislative and intergovernmental affairs. Northup announced late last year that he would be leaving the agency. Many of Northup's contacts...

  • NCUA Seeks Comments on Underserved Area Restrictions Stemming from Lawsuit

    ALEXANDRIA, Va.-All three NCUA Board members expressed great interest in hearing back from the public on its proposed regulation limiting the adoption of underserved areas to multiple common bond credit unions in light of the lawsuit the bankers have brought against the agency in Utah. NCUA was granted an extension...

  • More Postal Increases on the Way; Some Simple Tips for Credit Unions to Make the Most of Direct Mail Campaigns

    NEW YORK - If you're scrambling for ideas to help ease the recent postal rate increase, consider it practice for the next hike. Dick Goldsmith, chairman of The Horah Group, believes the increase which took effect Jan. 8 will be followed by an even larger boost. Goldsmith is author of...

  • NASCUS, CUNA Mutual Meet to Discuss 2006 Priorities

    ARLINGTON, Va. - CUNA Mutual's Larry Blanchard and Sue Racine met with NASCUS management earlier this month to discuss challenges and projects for 2006. Racine, associate vice president for association relations, is a member of NASCUS' education committee; Blanchard is a member of the association's corporate governance task force. CUNA...

  • Congressman Larson to Address Connecticut Credit Union Association GAC

    WALLINGFORD, Conn. - U.S. Rep. John Larson (D-Conn.), a member of the House Ways & Means Committee, is among the list of state and federal legislators who are expected to address attendees at the Connecticut Credit Union Association's 2006 Governmental Affairs Conference on Jan. 26. Larson was present for the...

  • Fox Communities Credit Union Invites Former GE CEO to Summer Forum

    APPLETON, Wis. - Words of business wisdom will be on the agenda during a summer forum keynoted by former General Electric Co. Chairman and CEO Jack Welch. The $488 million Fox Communities Credit Union is sponsoring the "Win With Jack" keynote talk, which will take place from 10:30 a.m. to...

  • The Mapother/Cruise Connection

    LOUISVILLE, Ky.-Thomas Cruise Mapother IV does not quite have the ring to it that Tom Cruise does. That could be why the mega-star changed his name when he got into acting. Though Bill Mapother, a well-known consultant in the credit union industry, has made a name for himself among lenders...

  • Merger in Works For Texans Credit Union, DCCU

    RICHARDSON, Texas - Texans Credit Union and Dallas County Credit Union have agreed to merge. Slated to be completed in April, the merger will result in Texans CU serving over 163,000 members and having total assets of over $1.5 billion. DCCU will continue to run as a separate entity until...

  • D. Hilton Preps Annual Supplemental Executive Retirement Survey

    THE WOODLANDS, Texas - Surveys have already gone out to credit unions to get feedback on their respective supplemental executive retire-ment programs, according to D. Hilton Associates Inc. The firm said it will use the data to compile its annual SERP survey. Because of "wide interest in SERPs as an...

  • Credit Union Marketers `Sing' Testimony

    OLYMPIA, Wash. - Courtesy of two credit union marketing staffers, Washington State lawmakers were serenaded with a financial literacy message at an unusual hearing last week of a state Senate committee. "We're sure this was one of the most unusual forms of testimony the committee ever had," said Stacy Augustine,...

  • More HR Moves at CUNA Mutual; Albrecht Replaces Swoboda

    MADISON, Wis. - The personnel changes continue at CUNA Mutual. The company has named Susan J. Albrecht as its senior vice president of CUNA Mutual's International Division. Alrecht replaces Ralph Swoboda, who left the company to pursue other opportunities. She is responsible for leading the unit and developing its strategic...

  • Membership Numbers Seesaw Up, Credit Union Count Down

    MADISON, Wis. - The latest membership and credit union consolidation numbers continued to seesaw through November 2005. According to CUNA Mutual Group's Credit Union Trends Report, at the end of November, estimates showed 9,053 CUs reflecting a net decline of just 38 CUs for the month, 293 year-to-date and 328...

  • NAFCU Thanks Greenspan for Open Relations

    WASHINGTON-In the waning days of his term, representatives from NAFCU met with Federal Reserve Chairman Alan Greenspan to honor him with a framed resolution thanking him for his service and openness to credit union issues. "Chairman Greenspan was very kind in terms of meeting with our board," NAFCU Chief Economist...

  • NCUA Taking Hurricane-Related Insurance Pay-Outs into Account for Operating Fees

    ALEXANDRIA, Va.-In a recent Letter to Federal Credit Unions (06-FCU-01), NCUA told federal credit unions impacted by the hurricanes last year that they can apply for an operating fee adjustment to account for any insurance claims on deposit. The agency reminded federal credit unions that March will be the time...

  • NTEU-FDIC Seal New Deal

    WASHINGTON-Members of the National Treasury Employees Union at the FDIC recently ratified a new, four-year compensation agreement. The new deal increases pay and retains important existing benefits after agency efforts to reduce them, according to NTEU. It preserves the 5% employer matching contributions to the FDIC Savings Plan and maintains...

  • Credit Union Credit Card Growth is Flat

    As these three charts here show, credit unions aren't exactly on fire when it comes to credit card portfolio growth. Approximately 2,100 credit unions have card portfolios of $1 million or more. These charts show how these portfolios performed over the last three years.

  • Filene's i3 Group Unveils Seven Industry Innovations in New Report

    MADISON, Wis. - After nearly a year of brainstorming, members of Filene Research Institute's i3 group have unveiled seven industry innovations they say will help change the face of credit union operations. The outcomes are contained in a 36-page report titled Key Findings 2.0, which summarizes field test results, describes...

  • First Financial FCU, Maryland & D.C. CU Association to Host Rep. Ruppersberger Fundraiser

    COLUMBIA, Md. - In response to the "staunch" support shown by Maryland Democrat Congressman C.A. "Dutch" Ruppersberger for his support of credit unions, First Financial FCU and the Maryland & District of Columbia Credit Union Association are planning to hold an "appreciation lunch and fundraiser" for the congressman on Feb....

  • Northern Virginia CUs Meet with Hyland

    ALEXANDRIA, Va.-NCUA Board Member Gigi Hyland recently spoke at the monthly meeting of the Northern Virginia Chapter of Credit Unions. "It feels great to meet with you face to face and discuss issues of importance to the credit union system," Hyland told the group. Travel has been restricted to the...

  • NCUA, NTEU Take First Step in Negotiations

    WASHINGTON-After about 18 months since NCUA employees voted to unionize, NCUA and the National Treasury Employees Union have reached an agreement on the ground rules for negotiations. NTEU President Colleen M. Kelley said that bargaining is scheduled to begin March 13 and conclude the week of June 12. "This is...

  • Southern Utah FCU Dishes out $120,000 Dividend

    ST. GEORGE, Utah - On the heels of rapid growth experienced last year, Southern Utah Federal Credit Union recently issued a $120,000 dividend to its members. The dividend was paid on regular savings accounts, Smart Savers accounts and individual retirement accounts, the $118 million CU said. Because it grew nearly...

  • Members of Dow Chemical Employees' CU Receive Litany of Year-End Rewards

    MIDLAND, Mich. - Dow Chemical Employees' Credit Union recently rewarded its members after experiencing a productive 2005. The $973 million credit union declared a 15% loan interest rebate for 2005. This rebate entitled borrowers in "good standing" to receive a refund of 15% of the total interest paid in 2005...

  • Delta Community CU's Expansion Plans Energizing, says 50-Year Board Veteran

    ATLANTA - For Guy Birchfield, some things have remained the same over the 50 years he has served on Delta Community Credit Union's board of directors. Birchfield first joined the $2.6 billion CU in 1948 after serving in the Air Force in World War II and being hired by Delta...

  • Kansas Credit Union Association Reciprocates Governor's Support of CUs

    WICHITA, Kan. - For the second consecutive year, the Kansas Credit Union Association sponsored the television coverage of Gov. Kathleen Sebelius' Governor's Address on the Kansas Public Telecommunications Service in coordination with all three Kansas public television stations. The Governor's Address was delivered Jan. 9, the opening day of the...

  • Union Financial, Another ILC Option, Still in the Works

    SALT LAKE CITY - At press time leaders from CUNA Mutual, Corporate One, Card Services for Credit Unions and Certegy were meeting here to discuss their plans to create another credit union corporation to buy credit union card portfolios. Announced in the beginning of 2005, the new corporation is called...

  • Members 1st Takes Third White Hat in a Row

    MECHANICSBURG, Pa.-Members 1st Federal Credit Union continues to break political fund-raising records for NAFCU with its continued streak of White Hat Award wins. The credit union's efforts, led by CEO Bob Marquette, have led Members 1st to shatter its own previous record of raising approximately $44,000 in 2004 with nearly...

  • Marquette: Members 1st to Intervene in ABA Lawsuit

    MECHANICSBURG, Pa.-Bob Marquette, CEO of Members 1st Federal Credit Union, said the institution will file to act as intervenors in the American Bankers Association lawsuit against NCUA regarding its community charter. "We are very hopeful in fighting the latest banker attack," Marquette said. He emphasized that the credit union has...

  • For-Profit Conversions Not Just a Problem For Credit Unions

    WASHINGTON-In a column for the membership late last year, National Cooperative Business Association President Paul Hazen lamented the loss of another cooperative and, as with credit unions, capital was cited as the reason for the conversion. "Diamond Walnut turned its back on nearly a century of member control when it...

  • Iowa Corporate Central CU/Mid-States Partnership Moving Forward

    DES MOINES, Iowa - Iowa Corporate Central CU said it has started to convert credit unions to its partnership structure with Mid-States Corporate FCU. The two corporates announced a unique deal last year whereby Iowa Corporate Central CU's credit union members will begin moving deposits to Mid-States and utilize Mid-States'...

Opinions

  • Fraud - Is it a Gordian Knot . or Not?

    The credit card industry made significant investments in fraud prevention technologies decades ago. It was clear to them that detecting the indicators of fraud were more valuable than waiting for the losses to occur. Today, credit unions continue to experience fraudulent losses from a growing array of methods, yet the...

In Other News

  • Holiday In Other News

    Travis Credit Union, Vacaville, Calif., has made the most of the holidays by reaching out to the community and people in need. From participating in the Solano and Contra Costa Food Banks annual food drive and Festival of Trees, to ChristmasWish 2005 and the 2005 Children's Miracle Network, staffers were...

Letters to the editor

  • From the Editor: Keep Those Letters Coming!

    Credit Union Times is proud to report that so far in 2006 every issue has contained letters to the editor. We're proud of this for two reasons. First, it's an indication that Credit Union Times is providing thought-provoking editorial coverage that is inspiring more readers than ever to write letters....

  • Bankers Can Make for Great Credit Union CEOs

    I would like to elaborate on Credit Union Times' current online voting poll question inquiring into the effects of bankers becoming credit union CEOs. There are many important reasons why credit unions are selecting ex-bankers as their CEOs, and the net result will be positive for the credit union industry....

  • Former Bankers Not Necessarily Bad for Industry, But Don't We Have our Own Talent

    In response to Credit Union Times' recent voting poll asking whether bankers becoming credit union CEOs is good or bad for the industry, I think you have to see if they become a credit union "convert". About 30 years ago (how time flies when you are committed to the credit...

Publisher's Column

  • Banker Web Sites Dripping With Vitriolic Language

    I don't want to seem like I am trying to boost the attendance numbers for this year's CUNA Governmental Affairs Conference, but if there was ever a year when attendance should be through the roof it is 2006. Credit unions send your boards, send senior staff, get up to Capitol...

Quotes Worth Quoting

  • Quotes Worth Quoting

    "If we make an error, we make it right. We never try to argue down a member. We can't do enough to keep our members happy." - Debbie France, manager of member services at $1.5 billion Eastman CU on helping members with individual retirement accounts and other financial service decisions....

People

  • MIDWEST

    Royal Credit Union, Eau Claire, Wis., longtime Board Director Joanne Weisheipl has retired after 25 years of dedicated service. In addition, RCU has appointed Bill Blackburn board director to serve the remainder of Weisheipl's term. Lakeview Credit Union, Neenah, Wis., has named Chip Coenen vice president of business development and...

  • EAST

    Susquehanna Valley Federal Credit Union, Camp Hill, Pa., has named Rachel Jarabeck marketing director. Leominster Credit Union, Mass., Business Development Manager Kevin DeNorscia has been appointed NEADS (Dogs for Deaf and Disabled Americans) board director. Service Credit Union, Portsmouth, N.H., has named Jon Jarrait and Nicole Ward member service representatives...

  • SOUTH

    UT Federal Credit Union, Knoxville, has promoted Jonathan Lodwick to vice president of information technology. Memphis Area Teachers' Credit Union, Tenn., has promoted Catherine McCollum to senior consumer loan officer. Escambia County Employees Credit Union, Pensacola, Fla., has named Ryan Patel lending specialist and financial services consultant. Heritage Trust Federal...

  • WEST

    Schools Financial Credit Union, Sacramento, Calif., has appointed Gregory A. Smith supervisory committee director. USE Credit Union, San Diego, has named Gabriela Alvarez financial literacy manager and Joetta Mihalovich vice president/ Carmel Mountain Ranch branch manager F&A Federal Credit Union, Monterey Park, Calif., has named Gary T. Graves vice president...

In Memoriam

  • UK Credit Union Leader Dies at 75

    CLYDEBANK, Scotland - Rose Dorman, who was one of the pioneers and leaders of the United Kingdom credit union movement, died at age 75. During her lifetime she received many awards for her work including the World Council of Credit Union's Distinguished Service Award. She was a member of WOCCU's...

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