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NCUA Rejects DFCU Financial FCU's Disclosure Package; Concerned Over Supervisory Committee's Move to Board After Conversion

Peter Westerman | February 07, 2006

ALBANY, N.Y. - NCUA has rejected the $1.8 billion DFCU Financial Federal Credit Union's first proposed package of disclosure materials and balloting procedures that the credit union must send to members prior to the vote on whether to convert the credit union to a mutual bank. In a 10-page Jan....

Value Blockers Can't Belong to the New Tier of Corporates - the Pump Value into Credit Unions Tier

Peter Westerman | February 07, 2006

We all have mission and vision statements. I really like ours. It consists of a few statements starting with "Because of credit unions.," with the last one being, "Because of credit unions, we exist." We strive to add value to credit unions. Is this crazy talk? I hope not. We...

House Financial Services Committee to Hold Oversight Hearing on Fannie Mae Report

Peter Westerman | February 07, 2006

WASHINGTON -House Financial Services Committee Chairman Michael Oxley (R-Ohio) and Ranking Member Barney Frank (D-Mass.) have notified Fannie Mae that the Committee intends to conduct an oversight hearing on the findings of a soon-to-be-finished report by former U.S. Sen. Warren Rudman on the internal controls, governance, accounting, capital, organization and...

IT Security Sleuths Walk Right In, Walk Right Out . With Confidential Data in Hand

Peter Westerman | February 07, 2006

BATON ROUGE, La. - Jim Stickley routinely walks into credit unions disguised as an exterminator or fire marshal and walks out with unencrypted data tapes and other goodies that could easily compromise the CU's security, reputation and bottom line. Stickley is chief technology officer and vice president of engineering for...

Persevering New Orleans CUs Receive Federation Money to Rebuild

Peter Westerman | February 07, 2006

NEW ORLEANS - Three credit unions which were among the hardest hit in New Orleans by Hurricane Katrina and subsequent flooding have received funds from the National Federation of Community Development Credit Unions. At a ceremony in New Orleans, NCUF Executive Director Cliff Rosenthal presented checks to the $1.3 million...

San Diego CUs Honored for $1 Million Fundraising Efforts

Peter Westerman | February 07, 2006

SAN DIEGO - Credit Unions for Kids' (CUFK) fundraising efforts for Children's Hospital and Health Center has earned it the Children's Hospital Inspiration Fountain Award. CUFK was recognized for raising $1 million for the hospital over the past nine years. CUFK's contributions primarily support the Patient Care Fund, which directly...

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Peter Westerman | February 07, 2006

Redwood Credit Union, Santa Rosa, Calif., has named Justine Malpas business development officer. Simpson Community Credit Union, Shelton, Wash., has named Bert Fisher senior vice president / chief operations officer. Wescom Credit Union, Pasadena, has named Cindy Law vice president/ controller. Veridian Credit Union, Waterloo, Iowa, has promoted Wanda Birdsong...

Prime Alliance Solutions Sets New Record for Growth in 2005

Peter Westerman | February 07, 2006

TUKWILA, Wash. - Prime Alliance Solutions didn't let a little thing like the market's transition from a record-setting refinance boom to a purchase market, and a slow down in the overall market slow down its business in 2005. The company came through the year setting a new record for itself...

News

EasCorp Firms Up Speakers For ALM and Investment Academies

Peter Westerman | February 07, 2006

WOBURN, Mass. - EasCorp has set its speaker lineup for its eighth annual ALM & Investment Academies this March. Among the Academies' lecturers and topics are Thomas Bowers, senior education programs director at the IPS-Sendero Institute, who will present forward-looking liquidity planning techniques and ALM modeling insights; Dan Gordon, senior...

AWARDS

Peter Westerman | February 07, 2006

Alaska USA Federal Credit Union, Anchorage, has named Natalie Slaymaker the 2005 Employee of the Year and John Combs the 2005 Manager of the Year. Slaymaker began her Alaska USA career in 2001 as a receptionist in the Special Credits department. Since then her self-motivation, desire to learn, and enthusiastic...

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NCUA Rejects DFCU Financial FCU's Disclosure Package; Concerned Over Supervisory Committee's Move to Board After Conversion

Value Blockers Can't Belong to the New Tier of Corporates - the Pump Value into Credit Unions Tier

House Financial Services Committee to Hold Oversight Hearing on Fannie Mae Report

IT Security Sleuths Walk Right In, Walk Right Out . With Confidential Data in Hand

Persevering New Orleans CUs Receive Federation Money to Rebuild

San Diego CUs Honored for $1 Million Fundraising Efforts

WEST

Prime Alliance Solutions Sets New Record for Growth in 2005

EasCorp Firms Up Speakers For ALM and Investment Academies

AWARDS

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