Credit Union Times Magazine May-24, 2006

In Other News


    Michigan Schools and Government Credit Union, Clinton Township, Mich., announced the winners of its Rudolph Heino and Sallylou Cloyd scholarship awards. The six students chosen to receive the one-time scholarship clearly demonstrate a desire to overcome obstacles, dedicate themselves to worthy causes and commit themselves to higher learning. Among the...


News Briefs


  • Navy Federal Honored for Graphic Design

    VIENNA, Va. - Graphic Design USA, a national magazine for design professionals, has honored Navy Federal Credit Union with four 2006 American Inhouse Design Awards. The credit union was recognized for its 2004 Annual Report; campaign poster for Toys for Tots-Delivering Joy; Car Loan Air Freshener Direct Mailer; and Tween...

  • CU Digest Wins Award of Excellence

    RANCHO CUCAMONGA, Calif. - The California and Nevada Credit Union Leagues' flagship publication, Credit Union Digest, has received three Communicator Awards for publications excellence. In the overall magazine category, the league received the award of excellence-the highest distinction-for the January 2005 issue of Credit Union Digest. Taking an advocacy-centric focus...

  • SECU Promotes State Employees with `What's In It For You' Image Campaign

    RALEIGH, N.C. - State Employees' Credit Union and the Office of State Personnel and various other state agency representatives, are shining a spotlight on state employees and the services they provide by sponsoring the "What's In It For You" Image Campaign. The campaign is a one week radio promotion airing...

  • Everything's Triple-B Branding Event to Hit Baltimore

    HOLYOKE, Mass. - will host its popular credit union brand immersion event "Branding, Bonding & Brew -Once Upon a Brand" in Baltimore. The second ever "Triple-B-Baltimore" will be held September 20-22 at the Admiral Fell Inn. Attendees called "gnomes" are submerged in a branding experience through a mix of...

  • Consumer CU Marketing VP Civil Rights Hall of Fame Inductee

    WAUKEGAN, Ill. - Consumer Credit Union Vice President of Sales and Marketing Hal Coxon has been inducted to the Lake County Civil Rights Hall of Fame. One of 12 honored for their outstanding contributions toward the advancement of civil rights in Lake County, Illinois, Coxon's civil rights activism has spanned...


  • NCUA Releases Updated Insurance Brochure

    ALEXANDRIA, Va. - NCUA is getting the word out to credit unions that it has updated the Your Insured Funds brochure. The Federal Deposit Insurance Reform Act and conforming amendments changed deposit insurance coverage levels. Certain retirement accounts, including Individual Retirement Accounts and Keoghs, now have federal deposit insurance coverage...

  • IRS Going After Abusive Tax-Exempt Credit Counseling

    WASHINGTON - Credit counseling agencies that do not comply with the law, have been put on notice. The Internal Revenue Service has released a report on tax-exempt credit counseling agencies and announced it plans to take further steps to make sure these organizations comply with the law.

  • OFHEO, FinCEN Agree to Share Mortgage Fraud Data

    WASHINGTON - The Office of Federal Housing Enterprise Oversight and the Financial Crimes Enforcement Network reached an agreement to facilitate the sharing of OFHEO examination findings with FinCEN concerning actual or suspected mortgage fraud.

  • Newtek Attempts to Thwart Delisting with 10-K Filing

    NEW YORK - Newtek Business Services, Inc. said May 11 it has filed its Form 10-K annual report for the year ending Dec. 31, 2005, but a NASDAQ hearing is still scheduled for June 1 to address why the company missed the filing deadline. The small business services provider and...

  • Commissioner Cynthia Glassman to Leave SEC

    WASHINGTON - After more than four years as one of four commissioners at the Securities and Exchange Commission, Cynthia Glassman announced May 15 she plans to leave at the end of her term on June 5. Glassman did not set a specific date for her departure but according to SEC,...

  • Hood Pays Visits to CUs and State Regulators

    ALEXANDRIA, Va. - NCUA Vice Chairman Rodney Hood headed west for a myriad of visits with state regulators and credit unions.

  • NCUA Names Morton Region IV Director

    ALEXANDRIA, Va. - NCUA has named Keith C. Morton director of Region IV effective May 14.

Tech Bytes

  • Greylock FCU Migrates to OSI Platform

    GLASTONBURY, Conn. - Pittsfield, Mass.-based Greylock Federal Credit Union, with $848 million in assets, 11 branches and approximately 61,000 members, has selected Open Solutions Inc.'s The Complete Credit Union Solution for core processing.

  • S1 Corp Launches Package of Biz Lending App Tools

    ATLANTA - S1 Corporation has rolled out the latest versions of its lending solutions. The company, a provider of customer interaction software for financial and payment services, recently launched the latest release of S1 Consumer Lending, S1 Business Lending, S1 Lending Docs, and S1 Credit Origination Server. Some of the...

Special Report

  • Accolades for MaPS CU Administration Center

    SALEM, Ore. -MaPS Credit Union's new Administration Center is making a name for itself.

  • SRP FCU Unveils Belair Elementary Branch

    NORTH AUGUST, S.C. - SRP Federal Credit Union and Columbia County Schools have joined forces to open a credit union branch at Belair Elementary. Business Development Manager Yvonne Meeks, who coordinated the partnership with Columbia County School Superintendent Tommy Price and Belair Elementary Principal Mark Boyd, says the move is...


Letters to the editor

  • Voting Requirements Serve a Purpose in Conversion Attempts

    I just read Editor-in-Chief Paul Gentile's April 26th column along with comments from Dave Adams and Marv Umholtz. I just want to thank Gentile for his comments and the open opportunity he has given any interested contributor to speak their minds regarding the conversion issue.

Looking Back

  • CREDIT UNION TIMES Vol. 13, No. 21 May 22, 2002

    Looking back four years ago finds NCUA Board member Debbie Matz holding a meeting with credit union leaders to discuss unintended consequences in the examination process. The candid dialogue between regulator and regulated was hailed a success by attendees.


  • No Longer Masters of Our Destiny

    Let's face it: There's no success in isolation. This is true at nearly every level of society. As individuals, we routinely combine our efforts with others to achieve greater success, as do our credit unions. If you doubt this, think of what your credit union would look like absent all...

Publisher's Column


  • WEST

    Matadors Community Credit Union, Chatsworth, Calif., has elected Robert Stoneham as the CU's new chair and Kevin Bread as a new member of its board. LBS Financial Credit Union, Long Beach, Calif., has promoted Felicia Graves to vice president of salary plan and has named Jovilyn Herrick vice president/branch manager...


    Day Air Credit Union, Kettering, Ohio, has named Bettina Buscemi, business development specialist. First American Credit Union, Beloit, Wis., has recently promoted Shari Fegre to mortgage loan processor; Dawn Miller and Jenny Miller to member service representatives; Kate Affholder to receptionist/teller supervisor; Emma Prowse to information systems specialist; and Dan'ell...

  • EAST

    Connex Credit Union, North Haven, Conn., has appointed Anne Guetti as the director of sales and business development and S. John Severson has joined the Commercial Lending Department through CUSO Services. Family First of NY Federal Credit Union, Rochester, N.Y., has re-elected Donald Milton, chairman; Gary Lazenby, vice-chairman; and James...


    Toni Davisson, vice president of finance with SC Telco Credit Union, Greenville, S.C., has graduated from the Graduate School of Bank Investments and Financial Management at the University of South Carolina. Yvonne Meeks, business development manager at SRP Federal Credit Union, North Augusta, S.C., has been honored with the South...


    First Financial Credit Union, Albuquerque, N.M., has named Bryan Vice, director of business services. Primeway Federal Credit Union, Houston, has named Randal Ward, vice president of credit and collections.

In Memoriam

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