Credit Union Times Magazine March-22, 2006

In Other News

  • DONATIONS

    Greater Minnesota Credit Union, Milaca, raised more than $1,000 for Gillette Children's Specialty Healthcare through its Chain of Hearts campaign, a fundraiser coordinated by the Credit Unions for Kids program. The campaign raised funds through the sale of paper links and hearts that were personalized and linked together to form...

  • DONATIONS

    USA Federal Credit Union, San Diego, in partnership with the Armed Forces Financial Network, has donated $1,000 to the Fisher House at Naval Medical Center. The donation will be used for gift cards redeemable at any Department of Defense commissary for military families staying at the Fisher House. The Fisher...

  • BRANCHING OUT

    Delta Community Credit Union, Atlanta, celebrated the grand opening of its newest branch in Fayetteville at Summit Point. Special events were held each day of the six-day celebration, but the ribbon cutting ceremony was held on March 2. Delta Community recently received approval from the Georgia Department of Banking and...

  • MILESTONES

    Sandy Smith, president/CEO of Texas Federal Credit Union in Dallas, will be honored by her board and staff for her 20th anniversary with the credit union at its 59th annual meeting on March 29. Lacamas Community Credit Union, Camas, Wash., will have a yearlong celebration in observance of its 70th...

  • AWARDS

    SAFE Federal Credit Union, Sumter, S.C., honored outstanding employees at its annual employee awards luncheon on February 20. The employees were honored for their dedication and professionalism by nominations from peers or supervisors and became the CU's employees of the year: Rita Cody, volunteer of the year; Wendy Ballentine, teller...

News

News Briefs

Marketing

  • US FCU Sets Up "Ship" at Local Event

    BURNSVILLE, Minn. - Deciding to "be onboard" as title sponsor of a local fundraising event took on a new meaning when US Federal Credit Union created an eye-catching marketing installation. The credit union, participating in the local Burnsville Chamber of Commerce's major fundraising event - the Bite of Burnsville -...

  • Wescom Rolls Out the Welcome Wagon

    PASADENA, Calif. - In a tribute to its humble beginnings in 1934 as the Telephone Employees Credit Union, Wescom CU recently unveiled a restored 1934 Ford stake bed pickup truck and welcome wagon trailer. It debuted at the 2006 Susan B. Komen Race for the Cure of Breast Cancer. The...

  • Nothing Like a Harley to Raise Funds to Protect the Tax-Exemption

    ALBUQUERQUE, N.M. - On display at First Financial Credit Union is the 2006 Screamin Eagle Fat Boy Harley Davidson that the Credit Union Association of New Mexico will raffle. Tickets are $100 each and can be purchased at most CUs statewide, but the association will only sell 1,000 tickets. Ticket...

Regulatory/Compliance

Special Report

  • Research Says Unbanked Still Use Credit Cards

    NEW YORK - A leading market research firm says that its surveys are showing that people without bank accounts are often still users of some sort of credit card, whether from a retail store, oil company or financial institution. Scarborough Research said its surveys of 200,000 adult consumers in 75...

  • Elan Picks Up Another One

    BOSTON - Elan Financial Services, a subsidiary of U.S. Bancorp, has purchased another CU credit card portfolio, according to the Kessler Group, the firm which brokered the sale. The $156 million 1st Pacific Credit Union, headquartered in Vallejo, California, sold its card program to Elan and entered into an agent...

People

  • VENDOR

    PSB, The Marketing SuperSource, a full-service, end-to-end marketing solutions provider, has named Christy Ortiz West Coast account manager and Natalie Taylor senior account representative. D. Hilton Associates, The Woodlands, Texas, has appointed Rosanna Russell as an account manager to join their marketing and advertising practice.

  • EAST

    Service Credit Union, Portsmouth, N.H., welcomes Rachel Hynes as a contact center representative I at its Rochester branch and Crystal Hammond as a member service representative I at its Pease branch. Anna Stone was promoted to member service representative III at the CU's Keene location. Leominster Credit Union, Leominster, Mass.,...

  • MIDWEST

    Home Town Federal Credit Union, Owatonna, Minn., has named Mitch Myre, vice president of operations. Community Financial Credit Union, Plymouth, Mich., recently hired Dawn Beswick as the Lewiston branch manager.

  • SOUTH

    SAFE Federal Credit Union, Sumter, S.C., welcomes Amy Wilson as the manager of mortgage services. Founders Federal Credit Union, Lancaster, S.C., promoted Al McIntosh to senior vice president, internal audit. Vystar Credit Union, Jacksonville, Fla., elected to its board of directors, P.E. (Ted) Hewitt, chairman; George R. Berry, vice chairman;...

  • WEST

    HawaiiUSA Federal Credit Union, Honolulu, elected Richard Sagawa, vice chairman; Maxine Joe, secretary; and Ronald Ogata, board member. Security Service Federal Credit Union, Colorado Springs, Colo., has promoted Melissa Grier to service center manager at its Briargate location. Wauna Federal Credit Union, Clatskanie, Ore., welcomes Carl Schmele, the CU's new...

Publisher's Column

Opinions

  • How Can Technology Improve Your Credit Union's ROI?

    Strategic business decisions are either enabled or hampered by the available technology. Return on Investment is hampered if the technology investments that stem from the business decisions are not aligned. From configuring product and service offerings with the core system to extending those offerings through the integration of third-party applications,...

Tech Bytes

  • Jack Henry Selects RSA Cyota for Online Banking Authentication

    MONET, Mo. - Jack Henry & Associates has selected RSA Cyota Consumer Solutions to provide authentication for its online banking clients. Jack Henry will offer it to its 1,500 financial institution clients using its Internet banking systems. RSA's Adaptive Authentication technology analyzes online transactions and scores their potential fraud risk...

  • Empire Chooses VSoft Branch Capture Solution

    ATLANTA - Empire Corporate said it will implement VSoft's eDesk Capture, Image Archive, Research, Image Exchange products. Empire will also offer VSoft's Branch Item Capture solution to their member credit unions to help facilitate image exchange. VSoft's Branch Item Capture provides full-featured, image-enabled data capture functions. Through Empire's Internet-based cash...

  • USERS Chooses Andera for Online Account Opening

    VALLEY FORGE, Pa. - Credit union data processor USERS has partnered with Andera, Inc. to help USERS' credit union clients open and fund new accounts for their members online. Andera's popular New Accounts Online solution has been integrated with DataSafe, USERS' core processing system. USERS said New Accounts Online interfaces...

  • RSA Fraud Survey Indicates Consumers Want More Online Security

    BEDFORD, Mass. - RSA Security released key findings of its annual Financial Institution Consumer Online Fraud Survey, which surveyed over 400 U.S. adults about online banking authentication and e-mail fraud. The findings include the following: * 73% of account holders believe that financial institutions should replace username-and-password log-in with stronger...

  • Credit Unions Go Interactive

    ALEXANDRIA, Va. - While the number of credit unions with Web sites was up only slightly from 5,369 as of year-end 2004 to 5,523 as of year-end 2005, the number of interactive CU Web sites jumped dramatically. According to Callahan & Associates, NCUA year-end data show the number of interactive...

  • Cavion Partners with Andera for Automated Online Account Opening

    MOUNDS VIEW, Minn. - Cavion Plus has entered into a strategic alliance with Andera to add automated online account opening functionality for its credit union clients. Andera's New Accounts Online allows members to open new accounts, add products and shares to existing accounts, and fund those accounts online. Andera's product...

  • eCU Technologies Branches Out to Summit Users

    HARRISBURG, Pa. - eCU Technologies' online deposit system, UPost, now interfaces with the Summit core processing system. The interface is currently being tested at $505 million Purdue Employees' Federal Credit Union. This is a groundbreaking announcement for eCU Technologies as previously it has only worked with Symitar clients. eCU Technologies...

Letters to the editor

Quotes Worth Quoting

  • Quotes Worth Quoting

    "The issue isn't how home prices have increased in value which is often talked about, but that we've gotten there through questionable lending practices." - Dwight Johnston, WesCorp, vice president economic and market research, commenting on the possible effects rising interest rates may have on ARM borrowers' ability to afford...

In Memoriam

Voting Poll

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