Credit Union Times Magazine September-27, 2006
In Other News
-
AWARDS
Keesler Federal Credit Union, Biloxi, Miss., recently recognized employees for outstanding service at its 2006 Employee Meeting. Bonnie Mayo, assistant bookkeeper, received the President's Award for the Administrative Office Division. Winner of the President's Award for the Branch Operations Division was Gina Esque, a financial services representative at the Picayune...
-
DONATIONS
Altura Credit Union, Riverside, Calif., recently awarded $16,450 in college scholarships to 17 Riverside County high school graduates. This is an increase of $4,700 over last year's scholarship awards. The scholarship program was open to all Riverside County high school seniors who planned on enrolling in an accredited post-secondary institution...
-
BRANCHING OUT
SAFE Federal Credit Union, Sumter, S.C., has opened its 15th branch. A ribbon cutting ceremony was held and the branch opened for business the following morning. The branch offers full deposit and loan services, with a walk-up ATM available 24 hours. Fort Bragg Federal Credit Union, Fayetteville, N.C., recently held...
News
-
CUNA Meets with NCUA on Disaster Preparedness
Members of CUNA's Disaster Preparedness Committee met recently with leaders of NCUA at the agency's headquarters.
-
Wolters Kluwer Picks Up Four New CUs With BSA Solution
Wolters Kluwer Financial Services recently announced that four more credit unions have gone with its automated, risk-based member identification solution.
-
Fed Maintains Rates at 5-1/4%
At last week's meeting, the Federal Open Market Committee voted to keep the federal funds rate at 5-1/4%.
-
Upcoming Callahan Webinar to Focus on Subprime Indirect Auto Lending
Although auto lending continues to be a strong area of credit unions' loan portfolio, making up the second largest lending category, and 85% of all credit union auto loan growth came through indirect lending, many CUs still question whether indirect lending is a viable option for them.
-
Core Processing in a Cluster: USERS Introduces Dual-Processing Power, Backup to Client Base
Two heads are better than one, it's said. Just ask the credit unions making the switch to a clustered server environment.
-
Dues Increase Passes Easily in Washington
As expected, the Washington Credit Union League has overwhelmingly adopted an 18% dues hike for next year to provide "stable and sustainable funding during a time of credit union consolidation."
-
JSC FCU Plays Ball
JSC Federal Credit Union, Houston, celebrated JSC FCU Night with the Houston Astros on Sept. 2 beginning with Mike, Brown, CEO of the CU, throwing out the first pitch. This evening was the finale of a six-week member referral promotion that resulted in 124 new JSC FCU members opening both...
-
Public Funds Bill Eyed in Nebraska
Citing support from lawmakers and a friendly visit with Gov. Dave Heineman, the Nebraska Credit Union League said last week it is considering re-introducing in 2007 a bill to allow deposit of public funds in credit unions, a simmering issue during the last year.
-
First Florida CU, Seaboard CU Talk Merger
First Florida Credit Union and Seaboard Credit Union are in merger talks.
-
Kanjorski Concerned 'Profiteering' in MSB Conversions Could Mar CU White Hat
Credit union conversions to mutual savings banks are a threat to the entire credit union movement Congressman Paul Kanjorski (D-Pa.) told attendees of NAFCU's Congressional Caucus.
-
Political Analyst Expects Dems to Make a Charge
"I love gridlock. It means the government can't screw things up," Political Commentator Larry Sabato told attendees of NAFCU's Congressional Caucus last week in discussing the upcoming elections. He said he expects the Democrats to pick up 12-15 seats in the House (15 are needed for them to take the...
-
CUs Continue to Spread Financial Literacy Message
For the second consecutive year credit unions have been increasing their efforts and reaching out to more schools and students.
-
Northeast CU Offers Free Estate Planning Seminars
Northeast Credit Union is offering members and area residents free estate planning seminars held at its Portsmouth and Dover branches, led by Attorney Kathryn Williams of the law firm Wiggin & Nourie, P.A.
-
Simpson Community CU Changes its Name
After 65 years of serving the community, the $171 million Simpson Community Credit Union is changing its name to Our Community Credit Union. The change was effective as of Sept. 1.
-
Hyland Addresses ROA, Security; Believes Board Strategic Planning Critical
NCUA Board Member Gigi Hyland echoes the agency's recent guidance on ROA. In fact in today's economic climate, a lower ROA may reflect the credit union is doing all it can to offer members more. Hyland also hopes credit unions continue to reach out to the small business market. Credit...
-
Security FCU Partners for Youth Financial Planning
To offer a more practical understanding of wise money management, Security Federal Credit Union has teamed up with an organization to make it happen for children and adults.
-
Caucus Attendees Should Focus on Risk-Based Capital, Restoring Full Underserved Area Authority, Johnson Suggests
NCUA Chairman JoAnn Johnson asked a group of credit unions visiting Washington, D.C. last week to help with two legislative priorities of the agency: risk-based capital and providing the authority for all charter types to adopt underserved areas.
-
Royce Tells CUs to Keep Up CURIA Push; Two More Sign On
Primary CURIA Co-sponsor Congressman Ed Royce (R-Calif.) urged credit unions to continue to push for co-sponsors to the Credit Union Regulatory Improvements Act.
-
CUNA National Financial Literacy Summit Planned for Sept. 26 at National Press Club
CUNA will host its National Financial Literacy Summit Sept. 26 at Washington, D.C.'s National Press Club.
-
SECU Payday Loan Program Gets USA Today Coverage
The $13.6 billion State Employees' Credit Union's payday loan alternative program has drawn the attention of USA Today.
-
How to Calculate Fraud
CUNA Mutual is trying to get credit unions to standardize the way they describe card fraud loss, adopting a standard which measures fraud losses as a percentage of card sales rather than as a static dollar amount.
-
Bachus Circumspect About Possible Committee Chairmanship, Reg Relief Remains on the Table
and chairman hopeful--Spencer Bachus (R-Ala.) said of a committee agenda for the 110th Congress. "Nov. 7 is the election. I'd rather deal with the things we know we have to and then on Nov. 7," he said, "then we start worrying about [the chairmanship]. I'm concerned about the majority." Regardless...
-
Treasury Official Reaffirms Tax-Exemption Support, Suggests CUs Require Different Capital Requirements than Other Financials
While NCUA has worked for a few years now to bring the Treasury Department around to its way of thinking on a risk-based capital framework, progress has been made, but its work is not through.
-
Community Co-op CU, University Donate $1.5 Million to Needy Students
The University of the West Indies-Mona and Community Co-op Credit Union Limited recently donated $1.5 million to provide scholarships, bursaries and other assistance to financially needy students.
-
Centrix Files Chapter 11 Bankruptcy in Reno; Venue Surprises Attorneys
The financial troubles of Centrix Financial, the indirect lender of subprime loans, culminated last week in a Chapter 11 bankruptcy filing in a Reno, Nev. court coming less than two weeks after the once high flying firm announced its sale to an East Coast investor group, which included its CEO,...
-
Bryant Expounds on the Spiritual Experience of People Helping People
Because of its strong commitment to financial literacy, Alliant Credit Union recently kicked off its Fall 2006 Teaching Financial Literacy in Schools initiative with an inspirational speech by John Bryant, the founder, chairman and chief executive of Operation Hope, Inc., a national nonprofit organization providing programs to help minorities and...
-
Votes Get Them Every Time, Congressman Frank Says
House Financial Services Committee Ranking Member Barney Frank (D-Mass.) explained to credit union officials that, while money is important in elections, votes trump it every time.
-
McHenry Interested in Removing One CU Person Limit on NCUA Board
Congressman Patrick McHenry (R-N.C.) was well received this year at NAFCU's Congressional Caucus after a tumultuous first year in credit union matters, namely conversions to mutual savings banks.
-
Cabrillo CU Staffers Lace Up for Fitness
A fitness challenge has been issued and now it's up to Cabrillo Credit Union staffers to lace up their sneakers and run with it. As part of its goal to provide a healthy work environment Cabrillo CU is supporting and partially sponsoring staff in Kaiser Permanente's Get Fit Training Program...
-
Another CU Expands Pemco Role
Pemco Technologies, a noted card processor for CUs, has announced that $140 million Heartland Credit Union, with more than 18,000 members, has expanded its relationship with Pemco Technologies. The CU will add both member awards and debit/ATM processing to the services it already uses.
-
Canada's CUs Score High in Overall Service Again, Survey Finds
For the second year in a row, an independent survey has found that credit unions rank higher than banks and other financial institutions in several customer service measures.
-
Passion Sells in PR World
NAFCU Senior Vice President of Communications and Marketing Jay Morris and Public Relations Manager Rebecca Somers (shown here) offered Congressional Caucus attendees pointers in dealing with the press. "People are more persuaded by your enthusiasm than any statistic you can give," Somers advised.
-
Fraud-Hit CUs Urged: Be Vigilant on Card Detection
Detection of card fraud requires vigilance of outside vendors to ensure processors follow the "60/40 rule where the system detects 60% of the fraud," according to a CUNA Mutual Group senior risk manager.
-
Credit Unions Pick Up Advice on Serving People with Disabilities
For the second year, Financial Health Credit Union is spearheading an effort to help credit unions better serve members with disabilities.
-
CUNA Mutual Says it's Not Immune to Industry's Rapid Changes, Pressures
Like many credit unions and CUSOs, CUNA Mutual Group acknowledges it is facing increased competition, but innovation and collaboration are two strategies that can help all three entities thrive.
-
PFCU Takes Financial Literacy Throughout Summer
Philadelphia Federal Credit Union took its financial literacy program to teens this summer.
-
Credit Unions Continue to Feel Effects of Indirect Loan Runoff, Member Gains Could Slow for Remainder of 2006
Membership gains for the remaining three months of the year will likely be slower due to indirect loan runoff and membership management, industry data shows.
-
Frey: Autoland Acquisition of CU Auto Sales Part of Strategy to Remain Member, CU-Focused
Nearly a year since it was acquired by Santa Monica, Calif.-based technology company Zag, Autoland has made its own acquisition.
-
Eastern Helps South Florida Boys' Choir Aim Higher
Eastern Financial Florida Credit Union is helping the South Florida Boys' Choir offer hope to more disadvantaged children.
-
Security Summit Looks to Wake CUs to Card Security Details That Matter Most in Protecting Portfolios
Shaping up and shaking down credit union card programs to better protect them from fraud means paying attention to a seeming universe of details--and not taking anything for granted.
-
Hood Sets Risk Mitigation Summit for Jan. 11
NCUA Vice Chairman Rodney Hood has been emphasizing with credit unions that though he does not see it a systemic problem for credit unions, he would like to hold a risk mitigation summit for credit unions to share ideas and get creative juices flowing.
-
Hayworth Says No Tax Threat Now, But Remain Watchful
House Ways & Means Committee member J.D. Hayworth (R-Ariz.) said credit unions need not worry about their tax-exemption now, but advised to always keep a close eye on the matter.
-
Irony of Banker Attacks on CU Service to Modest Means Not Lost on Hyland
NCUA Board Member Gigi Hyland highlighted the irony of banker statements that credit unions are not doing enough to serve those of modest means while simultaneously having successfully sued to bar non-multiple common bond credit unions from adopting underserved areas.
-
Shobe to Speak at MCUL Summit
Mark Shobe, CEO of the $1.8 billion DFCU Financial will take the stage with David Adams, CEO of the Michigan Credit Union League, during the MCUL's upcoming league Executive Summit Oct. 12-13.
-
PCUA Gets Ready to Hit Statewide Billboard, Mass Media with 2006 SNAP Campaign
Consumers driving on the Pennsylvania Turnpike or listening to the state's Traffax reports on radio and television will soon be seeing or hearing ads about joining a credit union.
-
CUES Honors Rising 100 CU Executives
Who says you need to look outside of credit union land for talent? CUES' latest recognition program CUES Rising 100, honors up-and-coming credit union professionals who work hard to help their credit union succeed and strengthen the credit union movement. Some 111 CUES members from a cross-section of credit union...
-
Sanders Commits to CURIA in Senate, Looks Forward to GAO Report on Bank Tax Subsidies
Congressman Bernie Sanders (I-Vt.) said he "absolutely" would introduce the Credit Union Regulatory Improvements Act in the Senate if he wins the election.
-
Central Florida Educators' Gives $100K to Schools
Ten Orange County schools recently received another $100,000 from Central Florida Educators' Federal Credit Union to replenish their book supplies.
-
On the Inside
Centrix Files Bankruptcy The financial troubles at indirect, subprime lender Centrix culminated last week with a bankruptcy filing. See page 4. NCUA Board Meets After its typical break in August, the NCUA Board reconvened for its September meeting. Find out what was on tap in the story on page 4.
-
Becoming an SBA Lender Not as 'Laborious' as Some Credit Unions Might Perceive, SBA Expert Assures in NCUA SBA 101 Webinar
One question NCUA Board Member Gigi Hyland said she often gets asked by credit unions during her many travels is on the process of becoming a lender with the Small Business Administration.
-
Missouri Credit Unions Get REAL to Help Low-Income Consumers
More than a dozen Missouri credit unions recently got together for the first time to discuss REAL solutions for serving low-wealth households.
-
NCUA Board Finalizes Deposit Insurance Reform in Lightning Fast Meeting
In near-record time, NCUA closed its Sept. 21 board meeting upon finalizing updates to its deposit insurance rules.
-
Digital FCU's 99 Cents Gas Promotion to Ring in New Branches Brings in 875 Drivers, 8,000 Gallons Distributed
Who wouldn't want gasoline that costs 99 cents a gallon?
-
Leading Auto Lending CUs Excel in 'Other' Loan Areas
Many of the top 20 auto lending credit unions are also leaders in other loan areas credit unions participate in such as real estate and unsecured credit card loans. Interesting though, as this chart shows, for several of them, auto lending is their primary loan category.
-
Save CCU Back On Board With Favorable Ruling
The latest turn in the ongoing leadership struggle at the $726 million Columbia Community Credit Union cut in the direction of reform-minded members last week as a judge put three of their members back on the credit union's board and supervisory committee ballot.
-
Trades Comment on Red Flags Proposal
CUNA and NAFCU have commented on NCUA's proposed regulation concerning red flags for potential fraud and identity theft under the Fair and Accurate Credit Transactions Act.
-
ACCU Asks NCUA to Continue Waiver on CIF Funds
The Association of Corporate Credit Union has written to ask the NCUA to continue a waiver that allows corporate credit unions to pass more funds on to the National Credit Union Foundation's Community Investment Fund.
-
Coastal FCU Brings More Investment Seminars to Members
Nearly 750 persons attended two retirement planning sessions hosted by Coastal Federal Credit Union in March, and the $1.5 billion CU is hoping that its upcoming "Food for Thought" financial seminars will garner just as large a turnout. The seminars are for anyone interested in getting a head start on...
-
Top 20 Auto Lending Credit Unions
This chart shows the total auto loan portfolio for the top 20 auto lending credit unions, as of June 2006, as well as the average size of their new and used car loan, and their average rate.
-
Columbia CEO Says Job Not Always 'Comfortable'
The ongoing court battles over conversion and member rights at the $750 million Columbia Credit Union of Vancouver do not make for an easy work environment, but employees are handling the pressure well, according to Parker Cann, president/CEO.
-
Possible Predatory Lending Interest Cap Going Down to Wire; Debate Boiling Down to Money vs. Patriotism
In what has shaped up to be a classic Washington legislative battle, House and Senate conferees working on this year's defense authorization bill are wrestling as of press time over whether to cap the interest rates payday lenders can charge military members at 36%.
-
Payday Lending Cuts Deeply Into CU Share, Says Patelco Vice President
Credit unions are not doing enough to protect market share being lost to payday lenders, a vice president of San Francisco-based Patelco Credit Union told Washington State CU executives.
-
Acquisition for Alaska USA Insurance Brokers
Alaska USA Federal Credit Union's subsidiary Alaska USA Insurance Brokers is branching out.
-
Credit Unions Touted as Resource for Understanding New Pension Act Provisions
The newly-signed Pension Protection Act of 2006 contains several key provisions to help people "catch up" with their retirement savings. Sage Eastman, communications director for Michigan Congressman Dave Camp (R-Midland), a member of the House Ways and Means Committee, shared some of the provisions with listeners of CUNA's Home and...
Front Page News
-
CU Direct COO Says Indirect Auto Lending, SubPrime Lending 'Unfairly' Linked
CU Direct Senior Vice President/Chief Operating Officer Jerry Neemann believes indirect lending and subprime lending are being incorrectly and unfairly connected, and opines indirect lending CUSOs should make an effort to bring more information to the credit union industry about the differences between the two.
-
Southeast Corporate and Southwest Corporate Pull the Plug on Largest Corporate Merger Ever
It was big, it was bold. It was going to be the largest corporate credit union merger in credit union history, but the deal is now off.
-
Lafayette Posts Conversion Disclosures; Key Member Issues Left Unaddressed
Members of the $332 million Lafayette Federal Credit Union began to receive their charter conversion ballots and the disclosure packets that accompany them last week. The CU also took the somewhat unusual step of posting them on its Web site (www.lfcu.org) for the public to access. As has become customary,...
-
McHenry Says Restriction on the CU Experience on NCUA Board Needs a Look
It is amazing how quickly things change in the world of politics. Congressman Patrick McHenry (R-N.C.), vilified for his views on credit union conversions, may now win over the hearts of credit unions. The congressman said at NAFCU's Congressional Caucus last week that the statute limiting those with credit union...
-
Washington State Super Bowl Ads Being Retooled to Correct Branding Problems
For all the success and media hype generated last February over that highly-rated and bargain Super Bowl ad, the Washington Credit Union League, as it turned out, also took a few lumps experiencing some practical, hard-earned lessons about CU branding and the need for a positive "nurturing" theme.
News Briefs
-
Fazio Promoted to Deputy Director of E&I at NCU
Effective Oct. 1, Larry Fazio will take over as deputy director of the Office of Examination and Insurance.
-
Two CU Employees Barred From Federally Insured Financial Institutions
NCUA announced two prohibition orders earlier this month banning former credit union employees from participating in the affairs of any federally insured financial institution.
-
ACB Makes Two Political Staff Appointments
America's Community Bankers recently announced two appointments to its government relations staff. Patrick O'Brien joined ACB as director of government relations and COMPAC, the group's political action committee. He has nearly 10 years of experience in Washington, both on Capitol Hill and as a lobbyist. O'Brien previously served as an...
-
Mica Gets National TV Airtime for HLPR Program
CUNA President and CEO Dan Mica bolstered credit unions' HLPR (Home Loan Payment Relief Program) last week when he appeared on national television to discuss the affordable mortgage program.
-
Credit Union Tax-Exemption Gets a Boost from S.C. Democrat
Congressman John Spratt (D-S.C.), ranking member of the Budget Committee, expressed his support for the credit union tax-exemption in a recent letter to the members of the South Carolina Credit Union League. The Aug. 22 letter states, "Credit unions have carved out a special role in our country, partly by...
-
Jury: Bentley Must Pay Remaining $32 Million to Investors
Claimants involved in the Bentley Financial Services, Inc. certificate of deposit Ponzi scheme are due their remaining $32 million, a jury recently found.
Marketing
-
PFCU Hits Pennypack Music Festival Concert Circuit
Philadelphia Federal Credit Union has helped locals jam this summer by once again sponsoring the Pennypack Music Festival's Summer Concert Series.
-
Kellogg Community FCU Names boom! Winner
Kellogg Community Federal Credit Union has done its part to encourage teens to save.
-
NJFCU Promotes Alves-Schemetow
North Jersey Federal Credit Union has recently promoted Maria Alves-Schemetow to vice president of marketing. A graduate of William Paterson University with a Bachelor of Arts degree in Communications, Alves-Schemetow joined NJFCU in September of 2004 as marketing director and was later promoted to marketing/operations director in April of 2005....
-
Pacific Service CU Podcast Talks Up Financial Literacy
Wanting to help young adults become more financially savvy, Pacific Service Credit Union has launched the first in a series of educational podcasts.
-
SSFCU Celebrates 50th with Classic Style
As Security Service Federal Credit Union's latest promotion winds down, mascot Marshal Moo checks out what's under the hood of this Classic 1956 Chevrolet Bel Air.
Tech Bytes
-
Ongoing Operations CUSO Fields First DR Test with NWFCU
About 18 months after it was formed, Ongoing Operations, LLC has passed its first live test, a disaster drill for Northwest Federal Credit Union.
-
SecureWorks and LURHQ Merge
SecureWorks has become a bigger player in the IT security space.
Special Report
-
Michigan First CU Unveils New HQ
Michigan First Credit Union's new three-story, 60,000 square foot headquarters has got locals buzzing.
-
Guardian CU, LaMacchia Group Team Up for Latest Branch
Design/build firm La Macchia Group, LLC, has been tapped by Guardian Credit Union for its Oak Creek branch.
-
Latest Altura Branch Boosts Local Schools, Library
Altura Credit Union turned the grand opening of its Murrieta branch into a fundraiser to benefit area schools and the local library.
-
Navy Federal Branches Out
Navy Federal Credit Union has opened the doors to a total of five branches.
Briefs
-
Lending Solutions, Experian Strategy to Help CUs' Recapture Members' Auto Loans
Lending Solutions Inc. and Experian have formed a collaborative program to assist credit unions with recapturing auto loans that were not originated at members' credit unions.
-
Survey Shows Consumers Doing More Research on Auto Financing Options
Credit unions have placed a lot of emphasis on educating members about their auto financing options when members are preparing to purchase a car. So they'll be glad to know that a survey recently conducted by a nonprofit consumer education group showed more than eight out of 10 Americans know...
-
Truck, SUV Buyers Expect Steep Incentives
Have consumers gotten used to manufacturers' zero percent financing incentive offers?
-
New and Used Car Loan Maturities Getting Longer
If your credit union is seeing an increase in the length of loan terms in its portfolio for new cars, you're not alone.
-
Lott Legislation Calls for Disclosure of Dangerous Flooded, Wrecked Vehicles
U.S. Sen. Trent Lott (R-Miss.) wants to protect consumers from purchasing flood and salvage vehicles. Lott, chairman of the Surface Transportation Subcommittee of the Senate Commerce Committee, introduced legislation--S.3707--that would require insurance companies to make total-loss information commercially available to the public. In introducing the legislation, Lott said it is...
-
Credit Unions, CUSOs Register for Annual Auto Finance Summit 2006
The names of several credit unions and indirect auto lending credit union service organizations are among the list of attendees at the Sixth Annual Auto Finance Summit 2006 that will be held Oct. 16-18 at the Wynn Las Vegas.
-
Aimbridge Indirect Lending Renews Partnership with Bay Pines FCU
Bay Pines Federal Credit Union has renewed its partnership with Aimbridge(TM) Indirect Lending to offer indirect auto lending services in the Tampa, Fla. area.
-
Auto Financial Group to Market Credit Union Services' Vehicle Lease Solution
Auto Financial Group has signed an agreement with Credit Union Services Inc., a wholly-owned CUSO of Dallas-based Credit Union of Texas that allows the online provider of residual-based financing to market CUSI's vehicle lease solution to other credit unions throughout the U.S.
Opinions
-
Subprime Auto Lending, if Managed Correctly, Can Benefit CUs and Members
There has been a lot of controversy lately concerning credit unions' involvement in subprime lending, especially as it concerns indirect lending. Even the credit union federal regulator has addressed the issue. My personal belief is that participation in subprime lending can be a very positive and inclusive product for a...
Letters to the editor
-
Indeed it is Time to Challenge the Status Quo
In Paul Gentile's Sept. 6 column entitled, "Time to Shatter Some Longstanding CU Beliefs, Benchmarks and Philosophies," I was pleased to see Gentile challenge both credit unions and regulators to question the status quo, and think about how we can best serve members in today's rapidly changing economic and financial...
Publisher's Column
-
Credit Unions Have to Think Local and Force Congress to Vote Their Conscience
It is easy to become disenchanted with the political process. Scandal after scandal and tales of campaign finance abuse make politics appear to be a nasty game that only the insiders can play. While that is true to some extent, credit unions can't fall into that trap. With all due...
People
-
Vendor
ATM manufacturer Triton Systems, Long Beach, Miss., has promoted Mark D. Smith to senior VAR manager.
-
Midwest
TopLine Federal Credit Union, Maple Grove, Minn., has appointed Mick Olson as is new vice president finance and chief financial officer.
-
East
Eastern Region Federal Credit Union, Clark, N.J., appointed Robyn Boyarsky to vice president of finance and Laura-Ilene Harding to assistant vice president of marketing and business development.
-
South
Founders Federal Credit Union, Lancaster, S.C., named Brad Plexico vice president of its Springfield Road Office, its Kershaw Office and its Middleton, Wis. Office. SRP Federal Credit Union, North Augusta, S.C., has appointed Ramona Spicer to manager of its Tobacco Road Branch; Steve Wilson to vice president of branches, eastern...
-
West
LBS Financial Credit Union, Long Beach, Calif., has promoted Lupe Hernandez to vice president/office manager in the Cerritos area. Service Plus Credit Union, Riverside, Calif., named Joshua Troesh vice president, marketing and business development and Terrace Davis branch manager. The CU also promoted Joshua Schneck to operations supervisor of the...
-
In Memoriam
Morris Hayter, who served as CEO of LBS Financial Credit Union, Long Beach, Calif., for 37 years, died on Aug. 27. He was 92. Hayter joined LBSFCU in September 1946 when the credit union had over $328,000 in assets and 1,200 members. Upon his retirement in June 1984, the CU...
In Memoriam
-
President/COO of SELCO Mortgage Arm Dies at 50
Mark Dent, president and chief operations officer of Frontier Investment Company, a wholly-owned subsidiary of SELCO Community Credit Union, died Sept. 2 at the age of 50. According to a family spokesperson, Dent died from complications relating to a sudden and aggressive form of cancer. "The SELCO family is very...
- The 4 Major Designs of the $100 Bill (Slide Show)
- Anonymous May 7 Target List Includes 12 Large Credit Unions
- Theresa Portillo Sentenced to 6½ Years in Prison for Looting Feminist CU
- WesCorp’s Legacy Losses Outpace Other Corporates
- Stacie Wyss-Schoenborn Seeks Innovation One Step at a Time: Women to Watch
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
