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    Western Division Credit Union, Williamsville, N.Y., has appointed the following officers to its board: Leo Bain, chairman; Warren Tulowitzki, vice chairman; Mary Reidy, secretary; Gary Kilborn, treasurer; D. Samuel Loquasto, assistant treasurer; Francis Markle, director; James Smeader, director; Christine Newhouse, director; and Thomas Duminuco, director. In addition, WDCU has appointed...

  • WesCorp Investment Services launches Web site

    SAN DIMAS, Calif. - WesCorp Investment Services, LLC, a subsidiary of WesCorp, launched its new Web site at www.wescorpinvest.com. The site features daily market commentary, agency market information, security evaluations, investment terms defined, regulatory articles, and links to other sites. WesCorp Investment Services is a registered broker/dealer offering a range...

  • CUNA to break ground with "free" e-book

    MADISON, Wis. - Jim Jerving, manager of editorial products for CUNA, knows it's not completely without risk, but believes an e-book could be just thing to drive more people to a CUNA management program. For years, some analysts have said that print publications will be cannibalized by their own online...

  • New fixed-rate, longer term certificate aims to woo credit unions to invest in CIF

    MADISON, Wis. - Credit unions wanting more flexibility in pinpointing where their investments are structured based on market fluctuations have a new option. The National Credit Union Foundation (NCUF) and U.S. Central Credit Union are offering a three-year fixed rate, fixed term share certificate that will enable credit unions to...

  • Nolan, staying with the industry he believes in

    The professional career of NAFCU Services Corporation President Keith Nolan started out with VISA. He spent four years in operations at VISA, and three years in marketing and sales. Nolan then entered the CU industry by joining Payment Systems for Credit Unions in 1989 as senior vice president, Eastern regional...

  • The Windows effect: More processors looking to incorporate Windows NT-2000, even on the back-end

    MEMPHIS, Tenn. - It's inevitable that CU processors will eventually begin moving away from the old mini-computer systems and to a Windows-server approach, says Darryl Tanner, President/CEO of CU core processor Share One here. "We've done it. We're moving from our VMS on DEC equipment to 2000 servers," said Tanner....

  • Roster of credit unions offering members the option expected to grow

    COLUMBIA, S.C. - Ron Daly has a lot of confidence in the future of electronic statements. Enough that he gave up his executive-level job to create a company specializing in the new service, which has gotten a boost in the year or so since federal regulators decided to allow credit...

  • Is branding in slowdown? Crear sees credit union lethargy

    ALBUQUERQUE, N.M. - It may be a question of perception, but there's diverse opinion lately about the progress of CUNA's marketing campaign for national branding. On one hand, Peter Crear, CUNA's executive vice president and chief operating officer, told New Mexico credit union executives he's disappointed with the number of...

  • Why rate cuts and tax cuts won't overcome job cuts

    Think of it as a variation on the childhood "Rock, Paper, Scissors" game. Except in this game, not only are the stakes higher, but there is one clear victor that will defeat the other two participants: job cuts will override both rate cuts by the Fed and tax cuts to...

  • "High performance" assessment model shows 26% jump in HP credit unions

    SEATTLE - NCUA's CAMEL system has been the most significant standard for rating credit union performance, but it's not the only system in CU town. An alternative "high performance" assessment model developed by Ward-Smith & Company measures a CU's operational effectiveness using an "accounts-per-member" formula. Based on data drawn from...