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WesCorp Adds to Item Processing Business

Peter Westerman | September 23, 2003

SAN DIMAS, Calif. - WesCorp's item processing business will grow with the acquisition of the item processing business from FMS InfoServ, a Los Angeles-based firm. WesCorp will gain 60 new CU item processing accounts with some 2.2 million items processed per month. The credit unions are mostly in California, Nevada...

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Peter Westerman | September 23, 2003

Workers' Credit Union, Fitchburg, Mass., has promoted the following employees: Michael J. Dembowski to senior vice president, operations; Robert J. Remillard to vice president, lending; Rich H. Rogers to vice president, branch operations; Maria C. Cole to assistant vice president/ financial accountant; John J. Manfroni to assistant vice president/risk management...

Analyst Says IT Cost Controls Show Results As Investment Chugs Along

Peter Westerman | September 23, 2003

NEEDHAM, Mass. - The technology investment and deployment practices of big banks are often seen as leading indicators for what's to happen in credit union land, and a new report by a leading think firm shows that while their spending will grow slowly, there is growth in strategic IT areas....

Colorado League Initiates Search for New CEO

Peter Westerman | September 23, 2003

GOLDEN, Colo.-The Colorado Credit Union League Board of Directors held a planning session here September 12 to discuss what qualities they are looking for in their next CEO. Colleague Services Corporation Senior Vice President Doug Burke has been appointed to serve as acting president of the Colorado and Wyoming leagues....

Is NAFCU Taking Advice From the Godfather?

Peter Westerman | September 23, 2003

Based on Mario Puzo's epic novel - arguably one of the best movies of all time - The Godfather offers sage advice for business leaders. Don Corleone advised: "Keep your friends close, but your enemies closer." Well, it seems that some in the credit union movement have taken that advice...

News

Member One FCU, Thor, Inc. Helping Police Train

Peter Westerman | September 23, 2003

ROANOKE, Va. - The local police department and Tactical Response Unit now have a place to train thanks to Member One Federal Credit Union and design/build firm Thor, Inc., General Contractors & Engineers of Roanoke. Hands-on law enforcement training exercises will now be conducted at the former Howard Johnson Motel...

NAME CHANGES

Peter Westerman | September 23, 2003

Monsanto Employees Credit Union, Pensacola, Fla., has changed its name to Gulf Winds Federal Credit Union. State Employees Credit Union, Columbus, Ohio, has changed its name to Credit Union of Ohio. Boise Employees Federal Credit Union, Idaho, has changed its name to TruStar Credit Union. Bethlehem Employees Federal Credit Union,...

CUNA Mutual Staffs Up to Help With Strategic Planning, Marketing

Peter Westerman | September 23, 2003

MADISON, Wis. - To help credit unions develop strategic, business, and marketing plans, CUNA Mutual Group has created five new Member Service Officer positions. The strategists will work closely with credit union executives to set objectives and develop a clear path to "increased program success and profitability," said John Henry,...

NCUA Board Votes on Key Issues on Hold - For Now

Peter Westerman | September 23, 2003

ALEXANDRIA, Va - With the postponement of the Sept. 18 NCUA Board meeting until Sept. 24, the credit union community was left hanging on several key issues to be debated at the meeting. The meeting agenda included a final version of the member business lending rule, which the credit union...

Commentary

NCUA's MBL Proposal: Where Credit is Due

Peter Westerman | September 23, 2003

At its September 18 meeting, the NCUA Board considered its March 2003 proposal to significantly relax its MBL rule. Notwithstanding its final decision on the proposed rule, the NCUA deserves credit for moving boldly to propose a progressive set of revisions that would help credit unions better serve their members'...

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WesCorp Adds to Item Processing Business

EAST

Analyst Says IT Cost Controls Show Results As Investment Chugs Along

Colorado League Initiates Search for New CEO

Is NAFCU Taking Advice From the Godfather?

Member One FCU, Thor, Inc. Helping Police Train

NAME CHANGES

CUNA Mutual Staffs Up to Help With Strategic Planning, Marketing

NCUA Board Votes on Key Issues on Hold - For Now

NCUA's MBL Proposal: Where Credit is Due

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