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NAFCU Starts Up Emeritus Program

Peter Westerman | June 03, 2003

ARLINGTON, Va.-Retired credit union officials, staff and volunteers who want to stay in the loop have a new avenue through NAFCU. The NAFCU Emeritus Program offers credit union community alums information and services to keep you informed and in-touch with the people and organizations important in credit union land. As...

TransUnion Fraud Victim Assistance Dept. Director Still Positive After Years of Fraud Work

Peter Westerman | June 03, 2003

FULLERTON, Calif. - It may sound incredible but after 30 years of helping prosecute identity theft and fraud cases, TransUnion Fraud Victim Assistance Department Director Diane Terry can still be surprised. "I've certainly stopped saying I've seen everything," said Terry. "Something new always comes up." According to Terry, with so...

Bankruptcy Reform: Still the One to Scratch the Credit Union Itch

Peter Westerman | June 03, 2003

WASHINGTON-With the continually escalating number of bankruptcy filings, credit union trades and other leaders still feel the legislation to reform the bankruptcy system (H.R. 975) is worth the financial and political expenses of the last few years. "Bankruptcy [reform] is just as important as it was six years ago, possibly...

AWARDS

Peter Westerman | June 03, 2003

Marion & Polk Schools Credit Union, Salem, Ore., has been singled out by the Association of Retired Person's Driver Safety Program for its senior member education efforts. Over the past decade MaPS CU has hosted two classes each year and paid members' enrollment fees. Each of the classes graduates some...

EAST

Peter Westerman | June 03, 2003

Olean Area Federal Credit Union, N.Y., has appointed Daniel R. Rourke CEO. Chartway Federal Credit Union, Virginia Beach, Va., has named Celia Woodham Director of Operations. Maine Credit Union League, Westbrook, has named Jane Thomas director of education. Citadel Federal Credit Union, Thorndale, Penn., has elected Kevin L. Gravatt board...

CUSOs can Develop DP Software for CUs but Cannot Invest in LLC to do the Same

Peter Westerman | June 03, 2003

ALEXANDRIA, Va.-Credit Union Service Organizations are permitted to develop data processing software to license to credit unions but generally cannot invest in a limited liability company for the same purpose, NCUA wrote in a recent legal opinion letter. Currently, a federal credit union can invest up to 1% in aggregate...

Paragon Services Names DigitalMailer Preferred E-Services Vendor

Peter Westerman | June 03, 2003

HERNDON, Va. - Paragon Services Inc., a wholly-owned CUSO of Paragon FCU, was named the CUSO's preferred vendor to provide digital communications products to the list of e-services the CUSO offers to its 100 credit union-related clients. Under the marketing alliance, DigitalMailer will offer its e-strategy products such as newsletters,...

Missouri Credit Union Association Planning Jefferson City CU House

Peter Westerman | June 03, 2003

COLUMBIA, Mo, - The Missouri Credit Union Association is beefing up its presence in Jefferson City, the state capital, with the purchase of a building that will become "Credit Union House." MCUA is mimicking CUNA with the purchase of a historic building in downtown Jefferson City, north of the Missouri...

Postal Credit Unions Celebrate Rent Reduction

Peter Westerman | June 03, 2003

DEL MAR, Calif. - Perseverance has paid off for postal credit unions across the country. The U.S. Postal Service has recently announced that any authorized credit union now being charged rent for occupying space in their facilities will now only have to pay $1 per year in rent. "I am...

News

IT Security a Balancing Act Among People, Resources, Technology

Peter Westerman | June 03, 2003

COLUMBIA, S.C. - Hackers, viruses and worms generally get the headlines, but well-deployed technology can often stay ahead, or at least catch up quickly, in that running battle of the bytes. Instead, the biggest threat to IT security at credit unions and any other organization can just as easily come...

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