Credit Union Times Magazine March-28, 2007

In Other News


    People's Alliance Federal Credit Union, Brooklyn, N.Y., held a ribbon cutting ceremony for its new office on Atlantic Avenue. PAFCU recently opened this branch to meet the growing needs of an ever-expanding membership. It operates as a full-service financial facility and has a 24-hour ATM located outside. Marine Federal Credit...


    The employees of Missoula Federal Credit Union, Missoula, Mont., got quite a bargain when they took part in a turkey donation drive recently. The staff made donations totaling $480, which were matched through a social responsibility program at the credit union. Holly Zeier, who headed up the campaign, then took...


    The Tri-County Chapter of the California Credit Union League, Riverside, Calif., was recognized by the league with a "Platinum Chapter Achievement Award" for outstanding achievement in six categories. The six categories evaluated for the award include: PAC fundraising; Richard Myles Johnson Foundation fundraising; Shapiro Group Outreach; Community Service/Political Advocacy; and...


Front Page News

News Briefs

  • Tony Budet Named ECUC President

    Tony Budet, president/CEO of University Federal Credit Union in Austin, Texas, has been named president of the Education Credit Union Council. Budet has served on the ECUC board for four years. Other recently elected officers are: oVice president: Eva Gaudio, St. Vrain Valley Credit Union, Longmont, Colo. oSecretary: Truman Baird,...

  • Price Named CEO of IU CU

    The $500 million Indiana University EFCU (IU Credit Union) has named Bryan W. Price as its president/CEO. Price will be responsible for the leadership of the IU Credit Union and IU Credit Union Investment Services, Inc. Price succeeds J. Robert Newcomb, who accepted a position as president of SELCO Community...

  • Trades Interested in FOM Manual Update

    The credit union trade associations expressed interest to see what NCUA might propose to update its Field of Membership and Chartering Manual to after the board earlier this month nearly denied a regional director's rejection of two community charter applications.

  • Newtek Acquires Controlling Interest in CDS Business Services

    Newtek Business Services announced March 21 that it has acquired a majority economic and controlling interest in CDS Business Services, Inc.

  • Thompson to Address CU 24 Meeting

    Attendees at Credit Union 24's annual Executive Summit, held this year over April 25-26 near Orlando, Fla., may be among the first to hear from a presidential hopeful. Former U.S. Senator Fred Thompson has been selected to keynote Credit Union 24's Executive Summit in late April, the credit union-owned ATM...

  • Fed Holds Steady at 5.25%

    The Federal Open Market Committee voted to hold rates steady at 5.25% during last week's meeting.

  • Kanjorski Recovering from Triple Bypass

    Congressman Paul Kanjorski (D-Pa.), a longtime credit union friend who recently re-introduced the Credit Union Regulatory Improvements Act, is recovering from triple bypass surgery. "Congressman Kanjorski is recovering well," Dr. Lawrence Cohn of Brigham and Women's Hospital in Boston, Mass., who performed the surgery, said. "There were no complications. We...


Tech Bytes

  • US Biometrics Signs Caribbean Client

    US Biometrics Corp. is taking its multi-factor authentication technology on a trip to the islands, signing its first Caribbean financial institution to a contract to use the company's full solutions suite. Eastern Credit Union, located in St. Joseph on the island of Trinidad, will be using US Biometrics' AccessQ, PassQ,...

  • OutStart Software Drives New XP Systems eLearning Solution

    XP Systems is offering its credit union clients an e-learning system using interactive, Web-based software from Boston-based OutStart. The OutStart Evolution software allows credit unions to track employees as they progress through lessons at their own pace and on their own schedule, and facilitates creating, maintaining and updating training courses,...

  • CTCE FCU Commits to LSI ID Restoration Solution

    CTCE Federal Credit Union has committed to an identity theft information service from Lending Solutions Inc.

  • RSA to Launch Anti-Trojan Service

    A new service designed to thwart session-hijacking keyloggers and other attacks is being launched by RSA, The Security Division of EMC.

  • Access Softek Partners with ORCC for Cellphone Banking

    Access Softek Inc. has partnered with Online Resources Corp. to offer what it's calling the industry's first mobile OFX-compatible online banking and bill payment solution for cell phones. Mobile Finance Manager resides directly on the user's SmartPhone-enabled device and allows fund transfers, bill payments, secure e-mails and alerts and multiple...

Special Report


  • To Boost Non-Interest Income, Credit Unions Should Think Technology

    A slowing economy and an inverse yield curve have combined to make this a very challenging time for America's credit unions. While opportunities still exist to grow lending portfolios, now more than ever, it's important for credit unions to generate more non-interest income. Investing in the right enabling technologies is...

Letters to the editor

  • Takeover Attempt Makes CUs Like Banks

    On your latest voting poll question regarding whether the Wings' takeover attempt of Continental will cause a trend, yes, there will be more!

  • Members Rule, Not Management

    Regarding Credit Union Times' online voting poll regarding the Wings Financial FCU/Continental FCU merger proposal, yes, I think the members will benefit.

  • Payout Amount in Wings' Takeover Attempt Is Suspect

    The Wings Financial FCU takeover attempt of Continental FCU has a number of questions that need to be answered. For example, in the proposed Wings payout to Continental members, does every Continental member get $200, even the ones who, for all intents and purpose are nearly dormant accounts? The yearend...

  • Wings Setting Dangerous Precedent

    In response to Credit Union Times online voting poll question regarding the attempted Wings Financial FCU takeover of Continental FCU, I think the takeover bid is setting a dangerous precedent. It is giving the ABA more ammunition in their opposition to credit unions. What makes us different from a bank,...

Looking Back

  • Looking Back

    Looking back 17 years ago finds Credit Union Times publishing its first issue. Headlines that ran in that issue offer some insights to the history of credit unions.


  • A Partnership of Hope: Credit Unions and Operation Hope

    While the American economy is strong as a whole, there still remains a segment of our population that may never achieve the American dream of financial self-sufficiency, because they lack the awareness of and access to the necessary services offered by mainstream financial institutions. The credit union system was established...

Publisher's Column

  • Some No-Brainers for Working with Credit Union Times

    I get so many inquiries as to how to better work with this publication on the editorial side. I love to get these because it tells me people value the publication. I hope that's the case because each week a very dedicated team of professionals works very hard to make...


  • EAST

    Service Credit Union, Portsmouth, N.H., has appointed Karen Wright to direct marketing officer, and Ruth Leosz and Dana Antonivich to member service representatives I. The CU also promoted Kenneth Seymour to financial services supervisor; Marcus Katkin to manager of the Rochester in-store branch; and Jacqueline Durgin to contact center administrative...


    Greenville Federal Credit Union, Greenville, S.C., has named Brian Sponaugle vice president of branch operations and has promoted Matt Tebbetts to vice president, business services and communications. Insight Financial Credit Union, Orlando, Fla., has appointed Debbie Cotton to public relations executive. Connex Credit Union, North Haven, Conn., has named Charlie...


    USA Credit Union, Auburn Hills, Mich., has appointed Frederick E. Girard III as senior financial consultant for its Michigan branches. Commonwealth Credit Union, Frankfort, Ky., has named David W. Young vice president of operations; Louise Bryant-Ritchie vice president of finance; and Alan Davis assistant vice president of lending. Georgetown Kraft...


  • Correction

    Credit Union Times incorrectly stated that a $100 million credit union would receive approximately $2,000 back from the NCUSIF dividend in the March 21 article NCUA Board to Reopen FOM Manual, NCUSIF Declares $52 Million Dividend. It should have read a $20 million credit union would get $2,000. We regret...

Voting Poll

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