Credit Union Times Magazine June-14, 2006


In Other News


    Eastern Financial Florida Credit Union, Miramar, Fla., has opened its Palm Springs branch in Hialeah. The CU's Palm Springs branch is a full service branch offering traditional teller services, auto loans, a suite of mortgage products and business lending services. In addition, the branch has a 24-hour walk up ATM...

News Briefs

  • ACCU Pulls New Project Coordinator from NAR

    WASHINGTON - The Association of Corporate Credit Unions has named Margot Meyer as its new project coordinator, replacing Josh Jones. Meyer was formerly with the National Association of Realtors in the public affairs division. Prior to NAR, Meyer was a marketing specialist for NASA Goddard Space Flight Center. "I'm very...

  • NCUA Among Best Places to Work in Government

    WASHINGTON - NCUA was ranked the 38th best place to work in the federal government of subcomponents and smaller agencies according to employee satisfaction in a new survey.

  • Weiking New CUAO Communications Manager

    BEAVERTON, Ore. - The Credit Union Association of Oregon has hired Laura Wieking as manager of communications. Wieking comes to CUAO from the Pear Bureau Northwest, a nonprofit marketing association for fresh pears grown in Oregon and Washington. Her responsibilities at the bureau ranged from industry and consumer newsletters and...

  • New ICU Day Theme Focuses on `Difference'

    MADISON, Wis. - A new theme has been selected for this year's International Credit Union Day.

  • New Exec Committee for CUNA CFO Council

    MADISON, Wis. - The new executive committee and officers for the CUNA Chief Financial Officers Council were recently announced during the 12th annual CUNA CFO Council Conference and Roundtable held in Palm Springs, California. Brian McVeigh, senior vice president and CFO for NuUnion CU in Lansing, Mich., was re-elected council...

  • Patelco, ShareBuilder Partner to Bring 401(k) Plans to Small Businesses

    SAN FRANCISCO - In an effort to bring large company 401(k) benefits and pricing to the small company marketplace, Patelco Credit Union recently began offering a 401(k) program for that niche. The plan, administered through ShareBuilder, consists exclusively of exchange traded funds, making this the first time small businesses can...

  • New CEO Takes Over Reins At CUMIS of Canada

    BURLINGTON, Ontario - Kenneth W. Lalonde took over as the new president and CEO for the CUMIS Group of Canada and venture manager of the Credit Union Insurance Services (CUIS) program on June 5, 2006. He replaces Michael Porter who retired in May 2006.

  • Two CU Conversion Bills Before Mass Legislature

    BOSTON - Two bills impacting the conversion of state chartered credit unions to banks are before the Massachusetts legislators, according to a column in the June 6 Boston Globe.



Tech Bytes

Special Report


Publisher's Column



    Financial Service Centers Cooperative, Inc. has named Robert Shepard sales manager. MeridianLink, Inc., a technology provider for the credit union system, has named Doug Glagola as vice president of mortgage industry relations. TRC Interactive Inc., a leader in interactive financial institution training, recently hired Cheryl Reesy as its new online...

  • WEST

    Kinecta Federal Credit Union, Manhattan Beach, Calif., has named Judith Colburn, manager of consumer loan underwriting. Silver State Schools Credit Union, Las Vegas, re-elected Leonard Petoske and George Ann Rice to three-year terms on the CU's board of directors. Group Health Credit Union, Seattle, has promoted Gena Chriscaden to branch...


    Paul Gee, director emeritus for Kinecta Federal Credit Union, Manhattan Beach, Calif., recently passed away. Gee was a longtime credit union volunteer, beginning his service to the CU, which was then Hughes Aircraft Company Employees Federal Credit Union, as a volunteer in 1973. He served on the CU's board of...

Beyond the Job

Billlionaires Club

From the Board Room

  • Oregon Community Credit Union Honors 46-Year Volunteer

    EUGENE, Ore. - Oregon Community Credit Union has paid tribute to the recently retired board director Donald Moon Lee's 46 years of dedicated service by creating a $2,500 scholarship in his name that will benefit University of Oregon students working in the Housing Department. Lee, a former UO Housing Department...

  • From Neches FCU EVP to Board Member Andrea Johnson Enjoys Keeping Feet Wet in Credit Union Pool

    PORT NECHES, Texas - Former Neches Federal Credit Union Executive Vice President Andrea Johnson may have retired from her position, but she is still maintaining her credit union ties by serving on the board. It is appropriate since Johnson's whole 36-year credit union career has been at Neches FCU. "I...

  • CommunityAmerica Credit Union Elects New Chairman

    LENEXA, Kan. - Allison Waggoner has been elected the new chairman of $1.5 billion CommunityAmerica Credit Union. Waggoner's credit union experience started in 1991 when she joined the board of Yellow Financial Credit Union, the credit union serving staff members of her employer at the time, Yellow Freight, now YRC...

Letters to the editor

  • Umholtz Doesn't Get It

    It's no surprise that Marvin Umholtz got it wrong about credit unions once again in his June 7 letter, "You Know You're an Industry When." After all, Mr. Umholtz approaches the subject of "industry" vs. "movement" from the only perspective he knows-that of a for-profit banker. As evidence against being...

  • Credit Unions Need to Return Equity; Plenty of Examples on How to Do It

    David Morrison's article, "Should the Earnings of Credit Unions That Convert to Banks be Taxed", (CU Times May 24, 2006) was a great survey of the issue. As a long-time CU board member and volunteer (Navy Federal) and as a retired CEO of a charity (501 (c) 3), I have...

  • Being a Movement Still Means Something

    I was disappointed to find after I voted on Credit Union Times' voting poll about whether we are working in a credit union "movement" or "industry" that so many of my colleagues voted either "no" it is not a movement or it "doesn't matter" whether we are a movement or...

Looking Back

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