Credit Union Times Magazine March-15, 2006

In Other News

  • AWARDS

    Army Aviation Center Federal Credit Union, Daleville, Ala., earned three silver and one bronze awards at the recent Southeast Alabama Advertising Federation's Addy Award Competition. The competition honors excellence in marketing and advertising. The CU's TV ad promoting online mortgage applications, the annual report to members, and a full-color print...

  • BRANCHING OUT

    Randolph-Brooks Federal Credit Union, San Antonio, has broken ground for the relocation of its Brooks Branch. The new branch will be easily accessible to members living in South San Antonio and features a full-service lobby, six drive-thru teller lanes, and two drive-up ATMs. The current location will remain open until...

  • DONATIONS

    1st United Services Credit Union, Pleasanton, Calif., participated in Alameda County Community Food Bank's Holiday Food Drive to do its part to help the hungry families within the greater Alameda area. In addition to its donation of collected food items, 1st USCU contributed $2,500 for additional support. Alameda County Food...

News

News Briefs

  • NAFCU Defends CURIA After Joint Banker Letter Bashes It

    ARLINGTON, Va.- NAFCU defended the safety and soundness of NCUA's risk-based capital plan and other provisions of the Credit Union Regulatory Improvements Act (H.R. 2317) after the banking trades circulated a joint letter to all members of Congress opposing the bill. "NAFCU believes that the risk-based Prompt Corrective Action (PCA)...

  • Baseball Legend Ripken to Keynote NYSCUL Annual Convention

    LATHAM, N.Y. - Cal Ripken Jr., baseball's Iron Man, will deliver the keynote address at the New York State Credit Union League's 86th Annual Meeting and Convention. Ripken will speak on "The Keys to Perseverance" at the four-day event May 15-18 at the Saratoga Hotel and Convention Center. A future...

  • Former CUNA Exec Leaves Insurance Trade

    WASHINGTON-A former CUNA senior vice president has moved on yet again. Carl Parks left CUNA's top lobbyist spot in 2001 to join the Property Casualty Insurers Association of America. The insurance trade association confirmed that he exited his post there a few weeks ago. While at CUNA, Parks was involved...

  • Musmann Named President/ CEO First Financial CU

    WEST COVINA, Calif. - The board of directors of First Financial Credit Union has named Carlton Musmann president/CEO of the $600 million credit union. Musmann began his career with First Financial as vice president of remote delivery, advancing to senior vice president in 2000 and executive vice president in 2003....

  • Dade County FCU, Miami Beach FCU Merge

    MIAMI - Dade County FCU, $400 million in assets and more than 79,000 members, has merged with the $6 million, 1,500-member Miami Beach FCU. Formed as the credit union exclusively for county employees in 1939, DCFCU converted to a community charter in 2003, which opened membership up to anyone who...

  • "Unfair" Competition from CUs Among ICBA's 2006 Priorities

    WASHINGTON-The Independent Community Bankers of America has listed "unfair credit union competition" near the top of their highest priorities for 2006. ICBA released the list of priorities during its National Convention and Techworld. Credit unions ranked third among nine priorities for this year with just the Communities First Act, legislation...

  • ABA Troubled by Snow's Support of CU Tax-Exemption

    WASHINGTON- American Bankers Association President and CEO Ed Yingling wrote Treasury Secretary John Snow to express their concern regarding his remarks during CUNA's Governmental Affairs Conference in support of the credit union tax-exemption. "Last March, when you were kind enough to speak to the ABA Spring Summit," Yingling wrote in...

Regulatory/Compliance

  • NCUA, FDIC Hold Deposit Insurance Modernization Briefing

    WASHINGTON-NCUA and the FDIC have invited interested parties to attend a briefing explaining how the federal deposit insurers plan to proceed in updating the systems following the passage of the Deposit Insurance Reform Act of 2006. The new law will increase deposit insurance coverage of individual retirement accounts and Keoghs...

  • NCUA: CUSOs Can Assist CUs In Providing Payroll Services

    ALEXANDRIA, Va. - CUSOs can assist credit unions in providing payroll services to CUs' business members, however says NCUA, they cannot provide them directly to credit union members. In a letter to NCUA Associate General Counsel Sheila Albin, NACUSO General Counsel Guy Messick proposed a situation where members would contract...

  • CardSystems, Now a New Firm, Walks Away Without Fine

    WASHINGTON - CardSystems Solutions, the Atlanta-based firm that was implicated in the biggest card data security compromise to date and which has been purchased by Pay By Touch, a card processing firm which specializes in biometrics, has walked away from the incident without a fine. The Federal Trade Commission announced...

  • NCUA Notifies Credit Unions Of 5300 Changes

    ALEXANDRIA, Va.-NCUA recently wrote federally insured credit unions to inform them of changes to the 5300 Call Report that will take effect for the June 30, 2006 cycle. NCUA made the changes to its 5300s so that all federally insured credit unions will file the same forms quarterly. The changes...

  • Kroszner Takes Office at The Fed

    WASHINGTON-Randall S. Kroszner was sworn into his new post as Federal Reserve Board governor by Chairman Ben Bernanke March 1. President George W. Bush announced his intent to nominate Kroszner on Jan. 27 and the Senate confirmed him on Feb. 17. He replaces Edward M. Gramlich, who resigned on Aug....

  • NCUA Director of External Affairs to Exit

    ALEXANDRIA, Va.-NCUA Director of External Affairs Nicholas Owens has announced that he will be leaving the agency this month. After he departs March 24, he plans to continue public service but would not disclose specifics at this time. "Nick has been a close, trusted advisor and has provided wise counsel...

  • NCUA Data Collection Pilot Given Nod by OMB

    ALEXANDRIA, Va.-Last week, NCUA announced that it has received the approval of the Office of Management and Budget to proceed with its data collection pilot program to investigate credit union service to those of modest means. OMB gave its stamp of approval under the Paperwork Reduction Act, which allows the...

  • NCUA Places Union Pacific Streamliner FCU into Conservatorship

    ALEXANDRIA, Va. - Union Pacific Streamliner Federal Credit Union was recently placed into conservatorship by NCUA. The credit union's 7,500 members will enjoy uninterrupted service, according to the agency. Deposits are insured up to $100,000 by the NCUSIF, NCUA assured. The return on average assets at the $38.7 million credit...

People

  • VENDOR

    Pemco Technologies, Seattle, has appointed Tanya Packer as director of business development responsible for growing the company's internal and external business relationships.

  • SOUTH

    Arkansas Employees Federal Credit Union, Little Rock, has named Joyce M. Judy president/CEO.

  • WEST

    Global Credit Union, Spokane, Wash., has promoted Melissa Judd to military marketing representative for the Fairchild AFB Washington branch and its branches in Italy and Jana Fare to marketing representative for both corporate and branch marketing programs. Wauna Federal Credit Union, Clatskanie, Ore., has elected two new and one returning...

  • MIDWEST

    Fiberglas Federal Credit Union, Newark, Ohio, has re-elected, for three-year terms, Maxine Binckley, Terry Frame, and Charles VanArsdale to its board. Corporate One Federal Credit Union, Columbus, Ohio, has appointed Jeff Meyer to its supervisory committee. MidWest Financial Credit Union, Ann Arbor, Mich., has announced that Tonya Coon has accepted...

  • EAST

    Sharon Credit Union, Sharon, Mass., has named Jessica St. Jean as its mortgage originator with a focus on enhanced member service.

Letters to the editor

  • Blaine Deserves the Honor

    I applaud your selection of Jim Blaine as Credit Union Times' 2005 CEO of the Year! What a fitting tribute and article to one of the great leaders of our movement. As one of over 20 former SECU branch managers who have gone on to serve as credit union CEOs,...

  • Let's All Support Wescom And Be More Supportive of Each Other

    Ladies and Gentlemen: It's time to get our collective selves, our staffs, and our members behind Wescom Credit Union's "On The Mark" initiative to bring credit cards back to credit unions! I believe, and I sincerely hope you'll join me in this belief . that Darren Williams and the Wescom...

  • 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....

  • Letters to the Editor

    Submission by e-mail is preferred. Send to editor@cutimes.com, or mail to Revmont Park South, 1161 Broad St. Shrewsbury, NJ 07702

  • Thanks for the Kind Words

    Many thanks to Paul Gentile for his March 1 column, "Where have all the Chatfields Gone?" which focused on my four decades working to ensure that credit unions have the opportunity to help their members improve their financial lives. While there may not be as many of us who "came...

Publisher's Column

Opinion

Tech Bytes

  • Fiserv Acquires Portion of CT Insurance Services, CCH Wall Street

    BROOKFIELD, Wis. - Fiserv, Inc. has acquired certain assets of CT Insurance Services and CCH Wall Street, two product lines of Wolters Kluwer Financial Services. The acquisitions, which include Xchange, Securities Registration and Producer Licensing software from CT Insurance Services and the Financial Training product line from CCH Wall Street,...

  • SACU Converts Online Banking to WRG Platform

    SAN ANTONIO - San Antonio Federal Credit Union is now running its online banking and bill pay transactions through the Wescom Resources Group data center in Pasadena, Calif. The conversion of the $1.9 billion CU's online operations onto the WRG hosted platforms coincided with SACU's conversion earlier this year to...

  • eCU Technologies Chooses SecureWorks to Protect Systems

    HARRISBURG, Pa. - eCU Technologies, the technology CUSO of Pennsylvania State Employees CU, is using SecureWorks' managed security services to safeguard its IT networks and client information. SecureWorks counts some 500 credit unions as clients. Adding eCU Technologies as a client is a ringing endorsement given the CUSO's reputation as...

  • CUNA Endorses Managed Security Tools from Perimeter Internetworking

    MADISON, Wis. - CUNA has given the nod to a utility-based managed security solution from Perimeter Internetworking that the company says is a replacement for hosted, network-based firewalls and intrusion detection monitoring systems. Called Gateway 4.0, the "security in the clouds" solution provides more than 60 pre-integrated services - including...

  • WEOKIE CU Adds Spanish Web Site

    OKLAHOMA CITY - Spanish-speaking members and nonmembers of WEOKIE Credit Union who want to view product information, rates, loan information and other information in Spanish online can now use the CU's Spanish version of its Web site. All they have to do is go to www.weokie.org, and click the "En...

Publisher's Notebook

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