Credit Union Times Magazine November-08, 2006
In Other News
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AWARDS
Chaco Credit Union, Hamilton, Ohio, was recently named Forest Park's Business of the Month for July. After only being part of the Forest Park community for two months, Chaco has already made an impact by making a generous donation to the annual Concert on the Green and pledging to support...
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BRANCHING OUT
Northeast Credit Union, Portsmouth, N.H., hosted a ribbon cutting ceremony for its main office grand reopening recently. The CU's newly expanded and renovated building includes a Community Room which can be used free of charge by area nonprofit organizations. In addition to many other guests at the celebration, the CU...
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DONATIONS
Velocity Credit Union, Austin, Texas, recently held a reception to present its 13th Annual Velocity Credit Union Scholarship Awards. Ten scholarships, totaling $11,500 were awarded to credit union members, three to high school seniors and seven to ongoing students. To date, Velocity has awarded more than $71,000 in scholarships. The...
News
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CEO Armando Cavazos Retires from Credit Union ONE, Separation 'Amicable'
Saying the split was amicable, Armando Cavazos has retired as president/CEO of Credit Union ONE effective Oct. 25.
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NCUF Recognizes Activist Trainer With Wegner Award
The National Credit Union Foundation has chosen Carol Schillios, a woman known for her work among the impoverished of the world and for training credit unions for its Herb Wegner Award for Individual Achievement.
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Flagship FCU CEO Inducted into Local Sports Hall of Fame
The love of the game and his support for area sports' programs has earned Pat Hills, president/CEO of Flagship Federal Credit Union, a spot in the Port Huron Sports Hall of Fame.
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Real Solutions Adds Kansas, Wisconsin Seminars
The "Real Solutions" program of Filene Research Center aimed at elevating interest of credit unions and state leagues in reaching the underserved with new products picked up momentum recently with a special all-day seminar coupled with the addition of the Kansas Credit Union Association to the coalition.
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NAR: Younger Homebuyers Having Greater Influence on Real Estate Markets
The mortgage market may be softening, but that's not diminishing the importance of owning a home for young consumers.
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American First CU Latino Advisory Council Meeting a Hit
American First Credit Union's first Latino Community Advisory Council meeting was a success according to all that attended. Prominent Latino community and business leaders provided valuable input on creating and improving financial products and services for Orange County's Latino community. Discussed at the meeting were plans designed to assist AFCU...
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Ensweiler Cheers on Mexican Credit Unions at Comacrep Annual Meeting
When one credit union succeeds, the whole credit union movement succeeds. Such was the message delivered by Texas Credit Union League CEO Dick Ensweiler to an audience of approximately 500 credit union professionals and volunteers at the recent second annual meeting of Comacrep, the Mexican credit union movement's equivalent of...
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Slow Housing Market Giving CUs Opportunity to Provide Refinancing Products
A year ago you could find a debate on whether or not the housing market was on the cusp of a significant slide. With sales down and inventories up, the picture painted is not entirely bleak as credit unions have a distinct opportunity to address the market through refinancing products.
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With 'Mixed Feelings,' Plank Retiring From Arizona System
Gary L. Plank, the president/CEO of the Arizona Credit Union System and a veteran in managing state leagues having served the industry 41 years, is retiring next June.
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Members Vote to Merge Peoples Community CU Into Workers' CU
With $11.7 million in assets, Peoples Community Credit Union decided that a merger was necessary to keep its members satisfied for years to come. Thus, the board of directors and the membership of both Peoples Community and Fitchburg-based Workers' Credit Union approved the merger and anticipate the deal will become...
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Five FFIECs Release Publication on Nontraditional Mortgages
The five federal bank, thrift and credit union regulatory agencies have published a new resource for consumers designed to help them make more informed choices when considering nontraditional mortgage loans. Interest-Only Mortgage Payments and Payment-Option ARMS--Are They for You? features a glossary of lending terms, a mortgage shopping worksheet, and...
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Credit Union Trade PACs Make Last Minute Contributions to Friendly Candidates
The Credit Union Legislative Action Council of CUNA and NAFCU/PAC are making down to the wire contributions to the coffers of credit union friendly candidates.
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Arizona State CU Rolls Out Welcome Mat
What a difference a name change makes.
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Polish & Slavic FCU Offers Students a Map to College
Executives with the $1 billion Polish & Slavic Federal Credit Union have said that once they managed to settle the several long-standing lawsuits preoccupying the credit union they would spend some of the money they previously directed toward legal fees on their members instead.
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Pemco Adds Two CU Clients
Two more credit unions have selected Pemco Technologies card solutions.
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ACB's Casey-Lander Closes NASDAQ
America's Community Bankers President/CEO Diane Casey-Landry presided over the NASDAQ closing bell Nov. 1 to celebrate ACB's 7th Community Bank Investor conference and the America's Community Bankers NASDAQ Index, the most broadly diversified stock index for community banks.
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Virginia, Oklahoma Leagues Eye Own 'CU Houses'
Two state credit union leagues, Oklahoma and Virginia, are now moving forward with plans to open their own "Credit Union House" patterned after CUNA's six-year-old facility in the nation's capitol.
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Earnhardt Jr. Takes America's First FCU Representatives For a Spin
As the Talladega Superspeedway prepared for its NASCAR weekend, several members of the management team of America's First Federal Credit Union, an official track sponsor, were invited to view the newly paved track. They were pleasantly surprised when they discovered that driver Dale Earnhardt Jr. was present to take them...
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Redwood CU Named 'Best Place to Work'
The North Bay Business Journal has selected Redwood Credit Union as one of the "Best Places to Work" in the North Bay.
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Sunshine State's Disclosures Not Exactly Accurate on its Potential Shared Branching Status as a Bank
There are some inconsistencies in the disclosure documents that the $137 million Sunshine State Credit Union has supplied to members voting on the credit union's proposed charter change.
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Financial Services Roundtable Completes Study to Move Katrina Recovery Along
The Financial Services Roundtable branched beyond just the financial services spectrum to make recommendations regarding the overall recovery from last year's Hurricane Katrina.
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OFHEO Adopts Five-Year Strategic Plan
The Office of Federal Housing Enterprise Oversight, which regulates Fannie Mae and Freddie Mac, has released its Strategic Plan for Fiscal Years 2006-2011 that outlines a strategy for strengthened regulatory framework of the housing Government-Sponsored Enterprises.
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A 'Day of Caring' Brings Out Volunteers from RCU
Over 35 employees from Redwood Credit Union volunteered at local nonprofit agencies for "A Day of Caring."
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CU Offering Rewards Only Card
The $100 million Anoka Hennepin Credit Union has signed up for a rewards only program that will offer members a cash back card that they can use locally to receive cash back from participating stores.
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9th Annual Safety Fair Huge Success for Point Loma CU
Over 1,000 people attended Point Loma Credit Union's recent 9th Annual Student Safety Fair at the PLCU Kearney Mesa Branch. The event was free and open to the entire community.
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Credit Unions Celebrate International CU Day in Creative Ways
While many credit union leaders still don't think International Credit Union Day is all it can be, credit unions throughout the country found unique ways to bring attention to the event.
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Credit Unions Primed to Help Young People Save More
There's plenty of room for credit unions to move around when it comes to helping young people save more.
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OCC Alerts Financial Institutions to Counterfeit Official Checks from Two Banks
The Office of the Comptroller of the Currency has alerted financial institutions to counterfeit official checks from Century Bank, NA of Texarkana, Texas, and Park National Bank of Newark, Ohio.
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'Catch on the Field Sundays' Creates Memories
Valley First Credit Union and the Modesto Nuts professional baseball team, a Colorado Rockies affiliate, recently finished the season long partnership of "Catch on the Field Sundays."
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California Mortgage Defaults on the Rise; Are Credit Unions Sharing the Burden?
As the real estate market continues to cool nationwide, the forecast for California lenders may be the chilliest of all.
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3Q GDP Growth Good Sign for CU Lending
Weaker gross domestic product growth in the third quarter indicates that the economy should slow to a sustainable pace while maintaining credit union lending.
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CoastHills FCU Smoothes Merger Process With T|Factor KnowledgePortal eLearning
CoastHills Federal Credit Union has completed its merger with $54 million Atascadero Federal Credit Union.
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Variety Key to Colorado CUs' ICU Day Celebrations
Credit unions in Colorado and worldwide, celebrated International Credit Union Day on October 19 with festivities for members.
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Fiberglas FCU Celebrates SEGs on ICU Day
Fiberglas Federal Credit Union hosted its annual SEG Ambassador Luncheon to celebrate International Credit Union Day.
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Allegent Community FCU Hosts ICU Day Festivities
What better time than International Credit Union Day Week to kickoff a name change, conversion to a community charter and member appreciation week?
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LAFCU Steps Up for Fallen Firefighters
Los Angeles Firemen's Credit Union has recently established a fund to benefit fallen firefighters affected by the Esperanza Fire.
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Security Federal Expands Vehicle Loan Program
Security Federal Credit Union announced the expansion of its Community Support Vehicle Loan Financing Program to include new 2007 vehicles with the 3.6 Liter, V6 engine, built at the Flint Engine South Plant. Newly added vehicles include the Cadillac CTS, Cadillac STS and the Cadillac SRX.
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'Tis the Season, CU House Hopping with Congressional Fundraising and Networking
In the lead up to the recess for the campaign season, Credit Union House on Capitol Hill was a hotbed of activity.
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San Diego Credit Unions' ROA Profiled
More than a handful of credit unions in the San Diego area were profiled for their return on asset performances.
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APGFCU Gives Kids Major League Experience
Aberdeen Proving Ground Federal Credit Union hit a grand slam with local youth baseball teams during its Community Invitational Tournament at Ripken Youth Baseball Academy.
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SECU of N.C. Attracts More than 500 Volunteers to Annual Meeting
A unique volunteer program at State Employees' Credit Union of N.C. continues to be successful in giving locals control of the nation's second largest credit union.
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US Federal Unveils 'Meal or No Meal' Fundraiser
Inspired by the popular game show Deal or No Deal, US Federal Credit Union kicked off its 2006 Combined Federal Campaign with a "Meal or No Meal" fundraiser.
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National Foreclosures Show No Sign of Let Up
Credit union mortgage lenders who were hoping the rising national foreclosure rate would soon be abating will have to wait longer.
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Two CU Realty Agents Named 'Super Agents'
Two realty agents for CU Realty Inc., part of the multi-owned, Minnesota-based credit union service organization CU Companies, were named to the 2006 list of "Super Real Estate Agents" in the Nov. 2006 issue of Mpls. St. Paul Magazine.
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Settleware's Electronic Mortgage Solutions Giving CUs Competitive Edge, Making Process Less Expensive and Simpler
By his own admission, Rick Triola has kept his company Settleware Secure Services in what he describes as "stealth mode" for the last seven years. But in late September, the company officially debuted among credit unions at the Credit Union Real Estate Network conference, and now the electronic mortgage solutions...
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Survey Shows Gift Cards Growing Steadily More Popular
A survey from gift card processor and issuer, Comdata Stored Value Solutions, has found that a whopping 95% of the 600 consumers surveyed between Aug. 31 and Sept. 5 had received or purchased a gift card.
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MHECU Spends Week Saying Thanks
McGraw-Hill Employees Federal Credit Union showed members it cares by dedicating one week to saying a heartfelt thank you to its loyal members.
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Mastercard, Visa, Take More Steps Toward Transparency In Interchange
Both Visa and MasterCard have recently broken with a long tradition of secrecy when it comes to how their interchange rates on credit and debit card transactions are set by posting them up on the Internet for merchants to examine. Interchange is the money that card issuers and brands charge...
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TCUL Consolidates Operations Within Same Building
The headquarters of the Texas Credit Union League, Credit Union Resources, Texas Credit Union Foundation and all subsidiaries is moving to a new floor within the same building.
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On the Inside
Special Report: Mortgages How will the slow down in mortgage lending affect credit unions? Read about that and more in the special report on pages 22-26. Plank Set for Retirement Arizona CU System President Gary Plank, who also serves as chairman of WOCCU, has retirement in his sight. Page 6.
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ATM, Bounced Check Fees Continue to Climb
Automated teller machine and bounced check fees are at an all-time high, according to a new study from Bankrate.com.
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Visa Eases the Way for Health Benefits Account Processing
Visa USA is making it easier for consumers to access their health benefits accounts.
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NAFCU Macro Data Flash Report a Mixed Bag on New, Existing Home Sales
NAFCU released its Macro Data Flash on new and existing home sales last week, and the data underscored what credit union mortgage lenders already knew about the state of the U.S. real estate market.
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Bankruptcy Filings Historically Low But Climbing One Year Later
Bankruptcy filings surged prior to last year's implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act, but filers abruptly put the brakes on immediately after the Oct. 17, 2005 effective date.
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Subprime Mortgage Originations Down in First Half of 2006
Following the downward slide of first mortgage originations in the first half of 2006, first mortgage subprime originations volume is also down, according to the Mortgage Bankers Association's Subprime Mortgage Origination Survey.
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Think Members Seem Skeptical of Bank Proposal
At least some members of the $1.2 billion Think Federal Credit Union are skeptical of their CU's plan to convert to a mutual bank and have been sharing their skepticism on the Internet.
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Affluent Baby Boomers May be Overconfident with Retirement Planning
When it comes to retirement planning, baby boomers may be painting an unrealistic expectation of how much they'll need to live on during their golden years, according to the third annual Lincoln Long Life survey released Nov. 1 by the Lincoln Retirement Institute.
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Kinecta FCU Raises Members' CU Awareness IQ
Kinecta Federal Credit Union celebrated International Credit Union Day by holding events that showed member appreciation while raising awareness about the history and importance of credit union's. The weeklong celebration included a daily trivia raffle to test members' knowledge of credit union history. In addition, Kinecta gave out more than...
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Mortgage Activity Showing Effects of Softening Market, but Impact is Not a Hard Punch
Indications of the slowing real estate market are becoming evident in credit union mortgage portfolios. As of June 2006, CUs' first mortgage originations dropped to $27.3 billion from a high of $42.9 billion three years earlier at the height of the refinance boom. The good news though is CUs' delinquency...
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Goldenwest Collects for Utah Food Bank
The Goldenwest Credit Union is collecting canned food donations to benefit the Utah Food Bank. Goldenwest will match the donations with up to 500 cans of food. "It's a sobering thought that thousands of Utah children go hungry each day," said Shelley B. Clarke, Goldenwest president/CEO. "It is our desire...
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Nationwide FCU Members Approve Sale to Nationwide Bank by Wide Margin
"I am proud of the interactive and ongoing dialogue we've had with our members over the past few months. I believe our forthright nature and open communications enabled NFCU members to understand the situation and why this merger was the best option," she added.
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Credit Card Market 'Mature' or 'In Infancy?' Opinions Vary at TNB Card Services Payment Conference
Town North Bank has acquired the credit card portfolios of about 100 credit unions to date, a role the bank says it is happy to fulfill, but the nation's only credit union-owned bank says it is equally committed to helping credit unions maximize the potential of their credit card portfolios...
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One in Five Report Having Identity Stolen, Experian, Gallup Survey Reveals
It appears more people than not are seeing their identity stolen these days.
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PSECU Lends Helping Hand for ICU Day
For International Credit Union Day, Pennsylvania State Employees Credit Union opted to put "people helping people" into action rather than its usual giveaways, balloons, visiting cow and the WNNK 104 Boom Box.
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Elan Financial Services Posts Strong Numbers So Far
Elan Financial Services, a subsidiary of US Bank, has reported a strong first three quarters in 2006.
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San Diego CU PAC Raises $60,000 via Golf Tournament
One hundred and fifty credit union managers and industry partners hit the links for a day of credit union solidarity and to raise funds for the local political action committee.
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Building on Member Relations Through Banking Channels
Offering a mix of phone, Web interactivity and branches are key to credit unions developing deeper relationships with their members.
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Oswego County FCU Kids Account Rewards Good Grades
To reward children who receive good grades on their report cards, Oswego County Federal County Credit Union will deposit money into their newly revamped kids account.
Front Page News
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Wal-Mart Granted Check-Cashing Power In Massachusetts; CUs Object
Though state regulators found some of its underserved arguments rather "thin," Wal-Mart Stores have won the go-ahead to start check-cashing services at 44 of its Massachusetts locations.
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Lafayette Members Start to Circulate Petition Demanding More Information
As has been the case in recent attempts to convert credit unions to mutual banks, the effort to convince the members of the $332 million Lafayette Federal Credit Union to change charters seems headed for a recall fight. Members questioning the proposal from Lafayette to convert first to a mutual...
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Debt Climbs, Savings Continue Downward Spiral for 25 to 34-Year Olds
The credit union industry has been honing in on the need for financial literacy in recent years, and help is certainly needed based on a new survey of the financial makeup of Americans between the ages of 25 and 34.
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Missouri CU Association and Missouri Bankers Association Forced to Meet, But Unable to Find Compromise
After five years of dealing with ongoing field of membership litigation, the Missouri Credit Union Association and the Missouri Bankers Association have been directed by the Missouri Senate leadership to reach a consensus on proposed legislation that will clarify the statutory definition of geographic areas before the January legislative session.
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Centrix Gets Court Approval to Begin Sale Process
Centrix Financial, the beleaguered subprime lender owing millions to credit unions, won clearance from a U.S. bankruptcy judge last week to begin the process for selling the company to an East Coast investment/insurance group. That group includes Centrix CEO Robert Sutton, but bidding procedures could bring in other suitors in...
News Briefs
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Campus CU Council Disbanded
Ever wonder why no one has heard from the Campus Credit Union Council in some time?
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OTS Approves Marcy's Application to Become Mutual Bank
The Office of Thrift Supervision has approved the application of the $23 million Marcy Federal Credit Union, headquartered in Marcy, N.Y., to become a mutual bank.
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SEFCU Wins Naming Rights To University at Albany Arena
Sports arenas have become a popular branding option for credit unions in recent years. The latest is an agreement between the $1.3 billion SEFCU in Albany and the University at Albany to rename the school's Recreation and Convocation Center the SEFCU Arena. It is a 10-year, $2.75 million deal. The...
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NCUA's Johnson to Chair MyMoney.Gov Web site Subcommittee
NCUA Chairman JoAnn Johnson is taking on another chairmanship.
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All Members Welcome at First Financial CU
Convenience is tops at First Financial Credit Union's Mesa View branch. So whether by car, ATV or even by horse--as shown here--members are welcome to pull up to the credit union's drive-up ATM to access their accounts. The credit union has two branches in Gallup, with the Mesa View branch...
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Bacino Brings Lindley on as Special Assistant at FHFB
Federal Housing Finance Board Member Geoff Bacino has reached back into his credit union roots for his special assistant at his current post. Bacino, a former NCUA Board member, has hired financial services consultant Jonathan Lindley, who boasts a wealth of financial services knowledge. Lindley has served in senior positions...
Lending
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Banks Say Commercial Lending Slowing, 'Aggressive' Competition Leads to Easing of Terms, Fed Reports
Some banks are starting to see a weaker demand for commercial and industrial loans and as a result are easing terms to pick up the pace.
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CommonWealth One FCU Rolls out Biz Services
To meet the needs of the growing number of members who own small businesses, CommonWealth One Federal Credit Union has launched a line of products and services tailored just for them.
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Arrowhead CU SVP Receives Minority Business Honor
For his efforts in helping minority businesses, Maurice Calderon, senior vice president of minority development at Arrowhead Credit Union, was recently recognized for his work.
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SBA Pilots Program to Help Rural, Inner City Businesses
The Small Business Administration has launched a pilot program to provide financial assistance to small businesses in economically distressed urban and rural areas, or "New Markets," that need the economic attention to get communities back on their feet.
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Mazuma CU Shares Biz Lending Expertise On Radio
Mazuma Credit Union recently shared a number of business lending tips with listeners on the local radio program "Money Matters."
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Los Angeles Firemen's CU Launches Biz Services Division
Because many firefighters have side businesses, Los Angeles Firemen's Credit Union felt the time was right to launch its own business services division.
Marketing
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New Name for King County CU
There is a new name change on the horizon for King County Credit Union.
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American 1 Women's Expo a Hit
American 1 Federal Credit Union's fourth Fall Women's Expo is becoming a local favorite.
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Point West CU Sponsors LHI, Promotes Homeownership Among Latinos
Point West Credit Union recently served as an event sponsor of the second annual Latino Home Initiative Abriendo Puertas or "Unlocking the Doors to Your Dreams" Homebuyer Fair at Portland Community College.
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TCUL Shines Light on Marketing Conference Winners
Unity One Federal Credit Union Vice President of Marketing Greg Barnes has been named the Marketer of the Year by the Texas Credit Union League. The Marketer of the Year Award is sponsored by the Texas Credit Union League to recognize outstanding work in credit union marketing and communications. A...
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SSFCU Picks 50th Anniversary GrandPrize Winner
Security Service Federal Credit Union member Laura Perez (far right) is driving away a grandprize winner. In celebration of the credit union's 50th anniversary, she won a completely refurbished 1956 Chevy Bel Air.
Regulatory/Compliance
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OCC Permits Bank to Lease Branch it Occupied for 30 Years
Amongst all the hoopla over banks venturing into real estate, the Office of the Comptroller of the Currency issued an interpretive letter (#1072) last month, permitting an undisclosed bank to lease out a branch it is replacing.
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NCUA Announces Rescheduling of Snowed Out Buffalo Workshop
NCUA announced last week that the Credit Union Workshop postponed from last month due to an early blizzard in Buffalo has been rescheduled.
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ACB, NAFCU Seek Greater Banking Regulator Involvement In DoD Interest Rate Cap, CUNA Not Alarmed
Even before there has been much time to discuss implementing regulations, America's Community Bankers is raising concerns about the provision in the Department of Defense reauthorization to cap interest rates to military personnel at 36%.
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Three Bankers With Ties to Trades Up for Open Fed Governor Seat
Three prominent female bankers associated with the three major banking trade associations have been named to fill an open spot on the Federal Reserve Board.
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FDIC Tackles Final Rules Implementing Deposit Insurance Reform
The FDIC was scheduled to pass several final rules last week after press time to implement a handful of provisions from the Federal Deposit Insurance Reform Act signed into law this spring.
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Regulators Fine Bank $12M for BSA/Anti-Money Laundering Compliance Violations
The Financial Crimes Enforcement Network, FDIC, and the New York State Banking Department last week announced a civil money penalty of $12 million against Israel Discount Bank of New York for violations of federal and state anti-money laundering laws and regulations.
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Fed Adjusts Sterile Reserve Thresholds
The Federal Reserve Board announced last Wednesday the annual indexing of the reserve requirement exemption amounts for 2007.
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NAFCU to Host December Reg Relief, SAR Webcast
NAFCU is preparing to host a Webcast on Dec. 6 covering the Financial Services Regulatory Relief Act, NCUA's Final Suspicious Activity reporting rule, and taking "A Look Ahead" to 2007.
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CUNA Responds to FHFB Exam Proposal
CUNA submitted a comment letter to the Federal Housing Finance Board last week regarding its proposed Federal Home Loan Bank Rating System.
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Johnson Attends Steel Swearing In Ceremony for Treasury Under Secretary
NCUA Chairman JoAnn Johnson was on hand to observe the swearing in ceremony for Robert K. Steel, the new under secretary for domestic finance.
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Newly Installed FDIC Chairman Names Chief of Staff
Jesse O. Villarreal Jr. began serving as chief of staff to FDIC Chairman Sheila Bair Oct. 24, the agency announced.
Tech Bytes
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Overseas Servicemen Drive Bill Pay Adoption At Fort Campbell FCU
Fort Campbell Federal Credit Union has now been offering online bill pay for five years and about 1,300 active bill payers are using the service as the adoption pace continues to pick up, the CU says.
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One-Third of Financial Institutions Expect Not to Make Year-End Authentication Deadline
A new report by the Aite Group has found that a good number of even the largest U.S. financial institutions are not prepared for the end of the year deadline for multi-factor authentication compliance.
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Affinion's Next Gen ID Theft Protector Assesses How Much Personal Information is Publicly Available and if it Can be Limited
During his seminars, Frank Abagnale will often ask someone to write down a phone number including area code. The leading fraud prevention expert and former master forger will then go online and reverse the number, producing the person's name and address. Abagnale then surfs over to the land title company...
Opinions
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Seventh Inning Stretch, Two Minute Warning, Final Time Out for Mortgages!
This time of year, three of our favorite sports converge: the World Series of baseball, the NFL football season and the start of NBA basketball. As baseball winds down, football kicks in and B-ball is poised to start the clock. Thus, the terms in my column headline all refer to...
Letters to the editor
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NCUA's Express System is a Valuable Tool, But More CUs Need to Participate
I would like to thank Editor-in-Chief Paul Gentile for his remarks in his Sept. 27 column regarding NCUA's Express distribution system. Since the inception of our system in 2004 to electronically distribute information to credit unions, the agency has been encouraging credit unions to sign up for this free service....
Publisher's Column
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Saying Goodbye the Right Way
On any given week in this great industry there are at least a few notable leaders moving on in life or in their careers.
Quotes Worth Quoting
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Quotes Worth Quoting
"It was the easiest donation to make."
People
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WEST
First Financial Credit Union, West Covina, Calif., has promoted Larry Raspberry to senior vice president. OnPoint Community Credit Union, Portland, Ore., has named Kelly Schrader senior vice president/member services and has promoted Robb Moore to manager of the new full-service Eugene Branch. MaPS Credit Union, Salem, Ore., has named Jonathan...
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SOUTH
United Southeast Federal Credit Union, Bristol, Tenn., has appointed Amanda Wampler as branch manager of its soon to open Lebanon, Va. office. Georgia Central Credit Union, Duluth, Ga., has promoted Jeff Ashe to assistant vice president, information technology.
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SOUTHWEST
Smart Financial Credit Union, Houston, has appointed Joanne Robinson to vice president of lending.
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VENDOR
Wincor Nixdorf, Austin, Texas, has named Alan Walsh vice president of banking, Wincor Nixdorf USA, overseeing all aspects of the company's banking solutions business in the U.S. IntegraSys, Frisco, Texas, has named John Bock account management director for CUBE, one of IntegraSys' leading core processing platforms. Citadel, an organization that...
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EAST
Capital Communications Federal Credit Union, Albany, N.Y., has named Richard Crisci to lead its Network Operations team.
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MIDWEST
First American Credit Union, Beloit, Wis., has promoted Ruben Burgos to relationship manager and Samantha Mireles to accountant. Credit Union of Ohio, Columbus, Ohio, recently appointed Rich Capuano to CEO. Citizens Equity First Credit Union, Peoria, Ill, has promoted Dianna Hunter to member center manager for the Normal, Ill. Member...
Billlionaires Club
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Low Operating Costs, Solid Product Decisions Keep APCO Employees CU on the Rise
Although the credit union has grown and added some 60 SEGs, the name APCO Employees Credit Union still works just fine, thank you.
Clarifications/Corrections
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Correction
Correction The pricing structure listed for CUCareerBuilder.com in a story in the Nov. 1 issue was inaccurate. Version 2.0 now offers a straight 17% discount on the CareerBuilder.com rack price. Currently, credit unions will receive a single job posting for $389 less 17%, or $323.
Q&A
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Despite Experience, BSA Remains a Key Compliance Issue for Credit Unions
Even though credit unions have had a couple of years to get used to more stringent Bank Secrecy Act enforcement, NCUA still highlighted it as the top compliance problem for credit unions. CU Times: What are some of the biggest and/or most consistent compliance problems NCUA sees from CUs? NCUA:...
Resource Center
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