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2008
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July 09, 2008
News
No-Tech Hacking Poses Threat to Financial Institutions, Two Authors Say
BALTIMORE -- The titles of the books tell a story--"The Spies Among Us" by Ira Winkler and "No-Tech Hacking" by Johnny Long....
Outpour of Donations for Iowa Flood Victims Now Tops $325,000
DES MOINES, Iowa -- Donations to aid Iowa credit union flood victims continued to pour in last week and reached $325,000, topping industry contributions collected nationally for those suffering losses during last fall's California wildfires, foundation officials here and in Washington reported....
At Age 90, Staffer Harry Nowell Still Makes His Appointed Rounds at CU ONE
FERNDALE, Mich. -- Age really is just a number for longtime Credit Union ONE staffer Harry Nowell who will celebrate his 90th birthday on July 8, 2008....
Bethpage CUSO Project Manager Izzo Says Adding Value Key to Relationships
BETHPAGE, N.Y. -- LuAnn Izzo said she lives and dies by e-mail and considers it among the best ways to help her stay organized as the CUSO project manager at Bethpage Federal Credit Union....
California and Nevada Leagues Grab Top Communications Awards
RANCHO CUCAMONGA, Calif. -- The California and Nevada Credit Union Leagues' recently took top honors in national and international communications competitions....
Central Corporate Will Waive July and November Member Service Fees
SOUTHFIELD, Mich. -- Central Corporate Credit Union is repeating last year's popular patronage dividend payout by waiving all service fees incurred by members during the months of July and November 2008, for an estimated $1 million in savings....
Georgia Central Offers Invest Roundtables
DULUTH, Ga. -- Georgia Central Credit Union will host several free investment seminars Aug. 18-21, targeting member credit unions who need help with 2009 planning and budgeting....
N.J. League Beefs Up State Lobbying And Honors Congressman Donald Payne
WASHINGTON -- New Jersey's credit unions will be more visible in the halls of power....
Scott CU Ads Feature Loveable, Stone-Broke Sad Sack--a Victim of High Fees
COLLINSVILLE, Ill. -- Scott Credit Union has got area residents humming a new tune about what to expect from a financial institution....
Mid-Atlantic Corporate Election Results
MIDDLETOWN, Pa. -- Mid-Atlantic Corporate Federal Credit Union members re-elected three incumbent board members at the corporate's June 19 annual meeting. Joan Moran, Department of Labor FCU, Washington; Michael P. Pastirik, United Community FCU, West Mifflin, Pa.; and Connie Wheeler, CEO, Penn State FCU, State College, Pa., were re-elected and will serve three-year board terms....
Carpooling Is a Gas
LAKE MARY, Fla. -- CFE Federal Credit Union is helping its staffers beat rising gas prices....
FHLB System Emerges as New White Knight for CU Mortgage Finance
MERRIFIELD, Va. -- Credit unions, particularly those bent on expanding their mortgage business while seeking rate protection and liquidity, have a budding romance these days with the Federal Home Loan Bank System....
Visa Cuts Interchange on Gasoline Purchases; Merchants Unimpressed
SAN FRANCISCO -- With a number of gasoline retail associations signaling their members might stop accepting cards, Visa Inc. has capped interchange on gasoline sales....
Two Credit Union Directors Are All Fired Up Over Board Blogging
By MYRIAM DI GIOVANNICU Times Senior Staff ReporterPLATTSBURGH, N.Y. -- Is it time to get your board blogging?For UFirst Federal Credit Union Vice Chair Virginia Brady the answer was "why not" when she started the Boardcast (www.theboardcast.net) a little over a year ago."I had enjoyed reading blogs for about five years, had my favorites and had been interested in doing one but wasn't sure what the subject matter would be," said Brady. "Then with all the interesting changes at the credit union, I started thinking maybe we could benefit by creating a direct channel that encourages members to engage in an open dialogue and interaction with our board of directors."Prior to the launch, the credit union had made a few major moves, including converting to a community charter as well as a name change. Additionally, the credit union built its own operations center while still maintaining a presence on campus.Brady introduced the idea to both the management team and the board in the fall of 2006, and when research revealed the costs involved in starting a blog were minimal, the Boardcast was up and running on Jan. 1, 2007."I've been maintaining it ever since, and it has really been an exciting venture for me especially since I didn't know we were the first to do a CU board blog," said Brady. "Not only have I learned more about the credit union movement in looking for material to post to the blog, but what is great is that this is a natural fit for us as far as showing our members that their board is here for them and is easily accessible."She added that the commitment and creativity to maintain the blog is worth the effort and the member response has been good but is a work in progress."Ask any blogger and they'll tell you that their objective is to encourage comments," said Brady. "We've got a new logo and look and are doing different things to really engage our members to participate in the blog because we want their comments."Brady does her best to post at least twice a week because without regular postings, people are likely to lose interest. For blog topics she pulls from everywhere including board activities, meeting agendas, local issues and board profiles to covering league and national conferences such as CUNA's Governmental Affairs Conference. The blog also includes director profiles and video segments from the Boardcast roaming camera, which recently showcased fun local summer activities that are easy on the wallet."The big topics here are gas and food prices, so I did one feature on what discounts and coupons grocery stores in our area are promoting online and that seemed to be pretty popular," said Brady. "I like to mix text with audio and video using all kinds of media in the post especially with the board member profiles. It's about finding ways to give members more insight into the individual board members."She added that as the blog has gained recognition from the national credit union movement, the board has become more involved and excited about it. She said the potential for Boardcast is great not only in getting members more involved with the credit union but even stepping up as board members."I would love to see more credit union boards across the country start their own blogs and tear down those perceived barriers between the board and members by creating a real dialogue and connection," said Brady.Lawrence, Mass.-based Merrimack Valley Federal Credit Union Board Director Luis M. Barros has taken a different approach to blogging.He recently launched an independent blog (creditunion2zero.wordpress.com) with an eye on bringing next generation Internet to the credit union industry.Since 1996 Barros has spent most of his career and education in the high-tech sector including an MBA from MIT-Sloan, serving as an adjunct professor of Internet and eBusiness, and in roles with companies that pioneered search, visualization and business intelligence analytics, virtualization, e-health, peer-to-peer education, open source innovation and health 2.0."Most of this I have applied to the health care technology and entertainment sector," said Barros. "As I became more familiar with the business of credit unions and the industry--I am believer that Web 2.0 can have a profound effect on the sector's future. Thus, my efforts are designed to encourage the credit union industry to begin adopting some of these solutions and principles."Barros served in the associate board program in 2002 and within a few months a vacancy occurred and he was voted in as a board director."It's been very educational for me and I have learned a lot through the more seasoned board members, our executive team and many of the great educational offerings provided by our league, CUNA, et cetera. Credit unions have a great story to tell and it's great to be part of an industry and an institution that does well by doing good."He stated that the goal is for the blog to be a resource of NGI Commentary that enhances knowledge and helps with decision-making, implementation and resource allocation related to NGI strategy, marketing and solutions. His blog also comments on business-related items related to the growth, differentiation and competitiveness of the CU industry.With the educational blog, when it comes to posting, Barros focuses more on quality than quantity, so he posts when he has something substantive to say. He also hopes to attract additional co-authors and contributors. Like Brady, Barros said the blog posts should be interesting enough to solicit comments that he generally responds to quickly."With a lack of comments it may be that what's being posted is not relevant or perhaps people are not comfortable expressing their viewpoint. It takes time," said Barros. "Take a strategic approach to blogging like you would for ATM placement, don't launch a blog as part of an isolated experiment because experimenting on the Web is permanent. This is a two-way communication tool and you don't want to be caught off guard, so tie it into your strategy." The Merrimack Valley FCU Board and senior management have been highly supportive, and Barros' slide presentation on Credit Union 2.0 to both groups resulted in the addition of Web 2.0 to Merrimack Valley FCU's information and technology committee initiatives."While those efforts are nascent, we are using an internal blog as an experiment, and have made some strides in areas such as knowledge management and member relationship management," said Barros. "It is good to have an independent voice and internal corporate voice behind the firewall. Credit Union 2.0 is more designed to be a voice to the industry about my views and to give coauthors a shared voice. My hope is to be a moderator of a community of contributors and it become an educational resource. There is a lot of information out there no one organization can implement all those things but we can have the discussion and research ready, filed away for the right time." --mdigiovanni@cutimes.com...
FHLB System Emerges as New White Knight for CU Mortgage Finance
CU Times Senior Correspondent...
Michigan Law Would Boost Financial Literacy Education
LANSING, Mich. -- The class of 2011 has a new opportunity for financial education, thanks to new Michigan Merit Curriculum directives, and the Michigan Credit Union League sees that as an opportunity....
California Credit Unions Are Just Discovering New MBL Powers
SACRAMENTO, Calif. -- California state-chartered credit unions may not be aware of sweeping legislation passed in July 2007 that removed a number of member business lending constraints....
New FOM Compliance in Kansas
TOPEKA, Kan. -- The first application forms for branches and mergers under the state's new field of membership law were distributed last week as Kansas CUs began complying with the restrictive legislation which went into effect July 1....
Investment Percentage of Assets, CU Size Don't Go Hand in Hand
WASHINGTON -- When it comes to investments as a percentage of a credit union's assets, a bigger financial institution doesn't necessarily equal a higher threshold....
CU Legislation Headed For NY Governor's Desk
ALBANY, N.Y. -- Credit union legislation has passed New York's State Assembly and Senate, and is headed for Gov. Paterson's desk....
Despite Negative Watch, Fitch Ratings Says Corporates
CU Times Correspondent-at-Large...
NAFCU Conference to Provide New Ideas for Growth
ARLINGTON, Va. -- This week's NAFCU 41st Annual Conference and Exhibition will have over 40 breakout sessions that aim to promote innovation and growth in the industry. ...
Fred Becker and CU Times Shoot a Round of One-on-One
ARLINGTON, Va. -- NAFCU President Fred R. Becker Jr. is the association's chief spokesman and lobbyist....
Building Where the Heart Is, Executive Seeks To Help Recover from Katrina
OVERLAND PARK, Kansas -- For the second time Brian Hague, CEO of an investment firm popular with credit unions, found himself spending some of his vacation days on a job site instead of a beach....
Wiser's Passionate About Helping Abandoned, Abused Big Cats
SAN DIEGO -- After reading about two tigers that were on the verge of being abandoned following a Texas couple's divorce in 2002, Loraine Wiser was moved to help a California shelter that rescues abused and neglected lions and other big cats....
CUES Backs New Cancer Benefit Event
MADISON, Wis. -- CUES has found a new way to raise hopes and funds to benefit lung cancer research....
Teres Solutions Is Acquired Italy-Based CRIF
AUSTIN, Texas -- Six years after its founding, Teres Solutions Inc. is now a wholly owned subsidiary of CRIF, a worldwide provider of credit services, management software and worldwide business information systems....
High Gas May Spur Lower Auto Insurance
WASHINGTON -- There may finally be at least one silver lining to nationwide gas prices topping $4 a gallon--lower auto insurance rates....
Virginia CU Seeing Results of Financial Literacy Efforts
FAIRFAX, Va. -- In-school financial literacy efforts have paid off big for Apple Federal Credit Union....
Filene Report Urges CUs to Put Best Asset Forward: Your Employees
MADISON, Wis. -- As credit unions strive for success don't overlook your most valuable assets-engaged employees....
BOSTON -- Telephone Workers' Credit Union is dialing in for a name change to Liberty Bay Credit Union.
BOSTON -- Telephone Workers' Credit Union is dialing in for a name change to Liberty Bay Credit Union....
Apple Named Teachers' Pet
FAIRFAX, Va. -- Apple Federal Credit Union has been recognized by Prince William County Public Schools as the business partner of the year....
Aite Group Report Finds ROI Challenges Persist in Online Banking
BOSTON -- Credit unions trying to pin down that elusive return on investment in online banking are not alone. So are the big boys....
Ascend Federal CU Saves Trees and Wins Cintas Green Award by Recycling
TULLAHOMA, Tenn. -- Recycling has its rewards and for Ascend Federal Credit Union that translated to earning an environmental award from Cintas Document Management....
Where Have All The Applications Gone?
WASHINGTON -- According to the Office of Thrift Supervision, no credit unions have applied to convert to a mutual bank charter since September of last year....
Conversion Coalition Looking to Build Members
Conversion Coalition Looking to Build Members...
Wright-Patt Named Fannie Mae Prime Alliance Lender of the Year
FAIRBORN, Ohio -- Fannie Mae recently named Wright-Patt Credit Union, a $1.3 billion community-based institution in southwest Ohio, a 2007 Prime Alliance Lender of the Year....
Callahan Report Says Credit Unions Are 'Winning This Revolution'
WASHINGTON -- Despite an economy in upheaval, credit unions are holding their own and, in fact, "are winning this revolution," particularly in mortgages....
Card Services Lauds Mentors
ST. PETERSBURG, Fla. -- In an effort to build awareness of the roll of mentors, Card Services for Credit Unions has awarded a prize to a credit union CEO for the best account of how mentors have helped them....
CU of Colorado Board Member Brightens the Lives of African Children
GREELY, Colo. -- After retiring from the Colorado State Patrol, Credit Union of Colorado Board Member Shirley Forbes lives a life that is far from the typical retiree....
Redwood Credit Union Adds Online Funds Transfer Service
SANTA ROSA, Calif. -- Redwood Credit Union has introduced an online service that allows members to move money between their accounts internally at the credit union and other institutions....
Reputation, More Than Marketing, Is the Key to Unlocking Card Success
ALEXANDRIA, Va. -- Credit unions often believe that they must reach a certain asset size before they can start seeing strong performance from their credit card portfolios....
TMG Finds Happiness With Project Portfolio Management as SaaS
DES MOINES, Iowa -- Project management delivered over the Web has proven to be just the elixir Jeff Falk needed to really help things gel at the office....
CUNA Mutual and Liberty Mutual Are Ready to Celebrate a 10-Year Alliance
MADISON, Wis. -- CUNA Mutual Group and Boston-based Liberty Mutual have lots to celebrate on their 10th anniversary....
CEO Carl Steward Is Named New RMJ Foundation Board Chairman
RANCHO CUCAMONGA, Calif. -- Water and Power Community Credit Union CEO Carl Stewart has been named board chairman of the Richard Myles Johnson Foundation, the state foundation for credit unions in California and Nevada....
Federation of Community Development CUs Announces 2008-2009 Board
NEW YORK -- The National Federation of Community Development Credit Unions has recently completed its 2008 board of directors elections....
NAFCU Economist O'Connor Makes Complex Economic Concepts Readable
WASHINGTON -- Economics is sometimes nicknamed the dismal science because it often offers a bleak analysis of the world and is sometimes to hard understand....
Underwriting Due Diligence Can Be MBL's Bridge Over Troubled Waters
ALEXANDRIA, Va. -- As credit unions navigate through choppy lending waters, the due diligence critical for member business loan underwriting and approval remains stable....
Apple Federal Credit Union Expands Student Program to Two More Schools
FAIRFAX, Va. -- Apple Federal Credit Union's student run credit union program can now be found in two more schools....
From the Editor: Keep Those Letters Coming!
From the Editor:Keep Those Letters Coming!Credit Union Times has a goal for 2008 to include Letters to the Editor in nearly every, if not all, issues. We had letters in nearly every issue of 2007....
CUs and Banks Hook Up on the Hush Hush for Loan Participations
ALEXANDRIA, Va. -- Those instances when banks and credit union can put aside their differences, meet in the middle and build connections are uncommon and kept relatively quiet, some would say....
Cries of Foul on NCUA Converted CU Data
ALEXANDRIA, Va. -- A consultant who helps credit unions convert to mutual banks has decried NCUA's including average interest rates from former CUs alongside its presentation of average overall CU and bank interest rates at www.ncua.gov....
CUs' Hands Clean in Countrywide Battles
CALABASAS, Calif. -- Credit unions that did business with Countrywide shouldn't worry about legal liability from the spate of recently announced lawsuits....
Patelco Pockets Sterlent and Cal State 9
SAN FRANCISCO -- Patelco Credit Union assumed assets of both Sterlent Credit Union and Cal State 9 Credit Union effective July 1, opening the third quarter with an extra $300 million in assets, eight branches and 90 employees....
Sen. Shelby Warns of Overregulation In Reaction to the Subprime Crisis
WASHINGTON -- As the ranking Republican on the Senate Banking Committee, Sen. Richard Shelby is his party's point person on issues relating to financial services and other economic policy-related matters....
Creditunionfacts.com Wins a Webby
DENVER -- Amélie Company, a Denver-based advertising, public relations and marketing agency, has walked away an official honoree at the 12th Annual Webby awards for its Web design work on credituninofacts.com....
Readers Divided on Mega-Mergers
The results of the latest Credit Union Times online voting poll showed that in a time where consolidation and mergers between large healthy credit unions are becoming more popular there is a divide in the community as to whether or not these mergers are good for the industry.Credit Union Times asked readers the question, "Are mergers between large, healthy credit unions good for the industry?" The poll gathered 278 votes and showed a close response between those who felt the mergers are good and those who felt that mega-mergers are not good for the industry.The poll showed that 45% of readers feel that mergers between large, healthy credit unions are good for the industry. On the other side, 39% of readers responded that mergers between large, healthy credit unions are not good for the industry. Sixteen percent of readers responded that they weren't sure. ...
Fundraising Continues for Ex-Chairman Who Lost Home in Floods
MILWAUKEE, Wis. -- Fundraising efforts are still underway for the retired teacher and former chairman of the $14 million Southshore CU of Cudahy who saw his home break up on national TV....
CUISPA Plans Risk Assessment Conference
AUSTIN, Texas -- Enterprise risk management and real-world scenarios will be among topics of a day-long seminar planned by the Credit Union Information Security Professionals Association on Aug. 1 in Southern California....
Departments
Regulatory/Compliance
Fryzel Confirmed for NCUA Spot
WASHINGTON -- With little fanfare, the Senate confirmed Michael E. Fryzel to a seat on the NCUA Board....
Special Report
Branching Out
Consumers Credit Union, Waukegan, Ill., wrapped up its month-long grand re-opening celebration at the credit unions 2750 Washington St. office. Consumers invested more than $1.2 million in the renovation that included the addition of state-of-the-art technology and a new look and feel to the facility. Consumers awarded weekly prizes during the celebration to people who stopped in to check out the remodeled office. The grand prize winner was Lizbeth Rivas of Waukegan, who won a $500 Visa gift card. Other winners included Dick Chamegnik of Waukegan and Ferdinand Serrano from Gurnee, who each won four tickets to see Stomp. Charles Nystrom of Waukegan and Dawin Castillo of North Chicago each won four tickets to Six Flags Great America....
Scholarships
Fall River Municipal Credit Union, Fall River, Mass. announced the recipients of its 2008 scholarships. Six $500 scholarships were awarded to Andrew Gustafson, Matthew McKinnon, Linda Owens, Allison Sirois, Natash Costa Soares and Samantha Toupin....
Short-Term Ladders and LIBOR FRAPs Are Keys to Success for CUs Now
Today's investors are caught in a battle between rising inflation and a slowing economy, translating into a debate over whether interest rates will be moving lower or higher in the near future. The variables continue to change daily, but one factor has been constant: the rising price of oil. Oil reached a record high price of $138 a barrel, which soon translated into a national average of $4 a gallon for gasoline. Will this price increase continue to create inflation problems or will it translate into a reduction in consumer spending altogether?...
Credit Unions Have an Opportunity to Serve the Fasting Growing Minority
Service to members is the hallmark of credit unions. Credit unions have a tremendous opportunity to serve the fastest growing minority demographic in the United States--Latinos. However, credit unions attempting to serve this demographic may not be familiar with some of the considerations to help offer such service....
NAFCU: Ever-Vigilant in These Challenging Times
Reflecting on my nine years on the NAFCU Board, this has been one of the busiest congressional sessions in recent memory, with new bills introduced almost daily that would significantly impact our industry. The various federal regulatory agencies have been busy, too....
Columns
Editor-in-Chief's Column
CUNA and the City: What's Not on HBO
I'm proud to say, despite traveling to Hoboken, N.J. every few weeks to the Credit Union Times nerve center, I had never been to New York City before CUNA's America's Credit Union Conference. I was hoping it was going to live up to the hype. But got what I expected: another dirty city. I will never complain about Washington again....
Objection to a 'Poor Choice' of Words
I want to express my objection and displeasure over the extremely poor choice of the word "bail-out" used in the article regarding the First City Credit Union-SCE Federal Credit Union merger. [The article was posted on CUTimes.com on June 2.]...
On-Site Conference Coverage
National Conferences
Blaine Goes to NetworkThe chance to network face to face with other credit union leaders is the reason Jim Blaine, CEO of the $15.9 billion State Employees' Credit Union, said he goes to conferences."The data and information that a conference provides, that could get to you by e-mail," Blaine said. "But more business and progress and communication gets done in the halls or restaurants of a conference than could ever get done in the meetings."Blaine, a non-golfer, joked that it had to be the people that brought him to conferences because so many CU conferences are held in "golf prisons." Meeting people off the golf course is one of the things he needs to do, he said.Exploring New Ideas and MeetingPeople Is Key for Cliff RosenthalWhile attractive locations can help draw attendees Cliff Rosenthal, President of the National Federation of Community Development Credit Unions, says that while attractive locations can provide an incentive to attend a conference, exploring new ideas and meeting new people are the most important outcomes from conference attendance.Rosenthal should know. As president of the federation, he both hosts a national conference each year as well as attends numerous conferences and presents at a few as well. In these capacities, he said, he sees both the organizing and attending sides of the conference."Overall I have been very impressed with the seriousness and willingness of conference attendees to attend break out sessions and pay attention to the conference agenda," Rosenthal said. He recalled a NAFCU conference in Hawaii where the federation hosted a relatively early morning breakout session. "At that hour of a Saturday morning in Hawaii, we had a very decent turn out and I thought that said a lot about the attitude of the attendees."He also praised conferences as places to meet and network with new people. "One of our ongoing efforts at the federation has been to build visibility in the industry about what we do," Rosenthal said. "Conferences provide a unique venue and time for those meetings."Chance to Dialogue and Learn LureTwo Executives to Conferences"I just go to two or three a year of the national conferences, and they are simply ones that I've found in which I learn the most about whatever concerns me at the time," explained Steven Becker, president/CEO of the $363 million Credit Union West of Glendale, Ariz.For example, "I'm in my third year of the Darden program in Virginia, and the content most recently was on strategic planning," said Becker referring to a topic at the CEO Institute of CUES held at the Darden Business School of the University of Virginia."These kinds of conferences can be expensive, but I like the intensity of the learning experience spending as many as eight hours in sessions," said Becker also went to CUNA's GAC earlier this year "because of the political climate." He also will take time in August to attend another CUES management conference in Big Sky, Mont.For Peter Bruno, chairman of Financial Resources FCU of Bridgewater, N.J., the "networking and the exchange of ideas is really what counts." Bruno, who is chairman of the National Association of Credit Union Chairmen, does limit his own conference to two a year based on CU bylaws, and he knows of CU directors elsewhere "who simply want the vacation free ride and the cruises and when they came back they say how much they learned, but I don't believe it." Picking the right national conference where CEOs and directors can have real dialogue and interchange ideas is what counts for Bruno, who has been chairman of Financial Resources for 17 years. One of the best conferences, he said, is a CUES chairmen's symposium and though admittedly expensive being traditionally held offshore in Hawaii or the Bahamas, "it is worth it."One of the chief topics covered is management compensation and that's valuable to learn from others current conditions, he said. For this year's meeting, Bruno will be joined by his CEO, Lena Matthews....
People
PEOPLE
EASTDiamond Credit Union, Pottstown, Pa., announced that its chairman of the board Herbert Yost celebrated its 25 years of service. Yost started his volunteer services to the credit union in 1983 where he served on the former supervisory committee for two years. He was first elected to the board in 1985 and at the end of 2007 completed his 23rd consecutive year as a director.Charter Oak Federal Credit Union, Groton, Conn., announced several promotions and appointments. Sundae Franklin was promoted to manager of the Niantic office. Franklin was most recently a full-time collector at Charter Oak. Sonya Credit was promoted to manager of the Dayville branch. Credit has been with Charter Oak since March 2005. Robert Marquis was appointed to manager of the new Montville office. Marquis was most recently the manager of the Dayville branch and has been at Charter Oak since 1998. Linda Montesi rejoined Charter Oak as call center manager. Montesi was an employee at Charter Oak for 15 years before she relocated to New York. Bradley Sullivan was appointed to senior vice president and chief financial officer. Sullivan joins Charter Oak from Fidelity Bank where he was executive vice president and chief financial officer.AmeriChoice Federal Credit Union, Mechanicsburg, Pa., announced that Vicki Mardis has been hired as mortgage originator. Mardis has more than eight years of experience working in the mortgage industry. Her previous experience includes serving as a residential mortgage originator, processor and closer. Mardis will be responsible for originating first and second mortgages for AmeriChoice offices located in South Central Pennsylvania.Royal Credit Union, Eau Claire, Wis., announced the appointment of Josh Odegard as assistant branch manager. Odegard's primary responsibilities will be working with the lending and deposit services within the branch, along with assisting the overall operations of the office. Odegard brings over seven years of experience to his position. He began his career in credit unions in high school as a financial youth apprenticeship student in Merrill, Wis. He started at RCU in 2001 as a member loan processor. Also, Erik LeMay has been promoted to applications support manager. LeMay will be located at the corporate center and will be working with the implementation of new systems and processes as well as supporting current applications. LeMay started at RCU in 2004 as a teller and was most recently the assistant branch manager of the Woodward Avenue office.MIDWESTAfena Federal Credit Union, Marion, Ind., announced that board member Terry Shafer celebrated 30 years of service. Shafer joined the management board at Afena in June of 1978. He has held every board seat except chairman. During his tenure on the board the credit union has consistently increased its membership, grown its deposits and added innovative products and services to its offering....
PEOPLE
EASTCapital Communications Federal Credit Union, Albany, N.Y., announced the promotion of Michael Peteani to human resources manager. Peteani will oversee daily operations in the human resources department and will assist the vice president of human resources with new initiatives and activities. Theresa Trietiak was hired as talent acquisition specialist. Trietiak was most recently the senior human resources representative for Davis Vision and will be responsible for staffing and hiring efforts as well as human resource programs such as the new employee orientation program. Ann-Marie Comerie was hired as the human resources specialist. Comerie was previously employed as the human resources manager for Ordway Research.SOUTHCFE Federal Credit Union, Lake Mary, Fla., announced that President/CEO Joseph Melbourne received the Florida Credit Union League 2008 professional of the year award. The award recognizes the Florida credit union professional that deserves to be singled out for their contribution to advance the credit union movement in both Florida and the nation. Melbourne was chosen for the award by a panel of credit union executives and CEOs from across Florida.Central Credit Union of Maryland, Baltimore, announced that CEO Lisa Jester was elected chairperson of the Credit Union Foundation of Maryland and the District of Columbia. Jester replaces past chair Rob Windsor, CEO of First Financial Federal Credit Union in Lutherville, Md. Jester will provide governance and strategic direction for the foundation. Jester was previously the vice chair.Credit Union of Georgia, Woodstock, Ga., announced the promotion of Johnny Camp to the new positions of director of business development. Camp has been at Credit Union of Georgia since 2006. Camp is a 2005 graduate of Kennesaw State University, where he obtained a bachelor of arts degree in finance. Also, Kelly Jo Brooks was voted in as a supervisory committee member at the credit union. Brooks has worked in the education field for more than 17 years. She has been acting principal at Hickory Flat Elementary School since 2000 and has been appointed principal for the upcoming 2008-2009 school year at Joseph Knox Elementary School.Right Choice Credit Union, Houston, announced the promotion of Patty Ryman to branch manager for the credit unions newest branch that opened at the Downtown KBR Tower at 601 Jefferson Street. Patty comes into the position with over 10 years of customer relations and financial services experiences.Heritage Federal Credit Union, Newburgh, Ind., announced that Chief Financial Officer and Vice President of Support Services Tim Lukomski was selected as part of the inaugural Indiana Credit Union League's ignite group. Ignite provides a forum for new-idea exchange and implementation, innovation, collaboration and networking for Indiana's credit union leaders and emerging leaders.Fremont Federal Credit Union, Fremont, Ohio, announced the hiring of Abby Slemmer to the mortgage lending team. Slemmer has an MBA from Tiffin University, is the treasurer of Downtown Business Association, Chamber of Commerce budget and finance committee member and a city of Fremont revolving loan fund committee member....
Other
CEO Evaluation Should Be Ongoing
NEW YORK -- Evaluating the leader of a credit union should be a thorough, year-round process but the board should be careful not to micromanage....
CUNA Economists Hold Economic Funeral
NEW YORK -- For the most part, they weren't wearing black....
NCUA Officer Advises on Vendors
NEW YORK --The most effective evaluations of outside service providers involve risk assessment, effective due diligence review and close monitoring....
Hanley: Focus on Maintaining Members Is the Way to Grow
NEW YORK -- Membership growth has become a popular topic in the credit union industry as credit unions look for new ways to expand and grow....
Welcome to the Birthplace of California
SAN DIEGO -- NAFCU's 41st Annual Conference and Exhibition couldn't have brought you to a better place. Beaches, beautiful weather and all around paradise....
Learning to Bridge the Generation Gaps
NEW YORK -- Participants in CUNA's America's Credit Union Conference and Expo gained insight into what has shaped the different generations and how to deal with conflicting generational issues in the workplace....
Awards
Texans Credit Union, Dallas, announced that DeLeonard Fincher was awarded the company volunteer coordinator of the year award from the annual Junior Achievement Dallas business hall of fame. The hall of fame award is presented by Accenture, Fulbright & Jaworski LLP and Chase. Fincher has increased the number of volunteers at Texans CU each year and led the company to be the first credit union in Texas to adopt a high school. The hall of fame celebrates the best of the best in the Dallas business community....
Bob Dylan's Spirit Fills the Hall: Your Old Road Is Rapidly Agin'
NEW YORK -- Bob Dylan was here in spirit if not in person....
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