Credit Union Times Magazine January-25, 2006

News

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...

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

Publisher's Column

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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