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Peter Westerman | May 20, 2003

Constitution State Corporate Credit Union, Wallingford, Conn., has elected the following officers to its board: George MacDonald, chair; Douglas Frank, vice chair; Larry F. Holderman, treasurer; and Edward Danek Jr., secretary. In addition the following board directors have been elected: Lucille Paladino, Steven Ravin, Joel W. Kanuck, and Gary M....

Overdraft Protection Programs, Done Right, Serve a Purpose

Peter Westerman | May 20, 2003

I agree with Mike Welch's assessment in his April 9th column ("Putting a Little Bounce In Checking Accounts") that overdraft programs, when done right, are a "win-win for the credit union, its members and recipients" of what otherwise are bad checks. Bounce protection programs have been one of the most...

Credit Unions Have Their Work Cut Out as CFA Study Finds Most Americans Have No Financial Plan

Peter Westerman | May 20, 2003

WASHINGTON-Young and low-income Americans' concern for their personal finances has increased significantly in the past year, according to a study sponsored by the Consumer Federation of America and the Financial Planning Association. The survey, performed by the Opinion Research Corporation International in late April, discovered that less than half of...

Western FCU, TRW Systems FCU Merger Creates New Billion Dollar CU

Peter Westerman | May 20, 2003

LOS ANGELES - Members of Western Federal Credit Union voted overwhelming to approve a merger with TRW Systems Federal Credit Union, officials have announced. Ninety-six percent of the Western FCU members who cast votes at a special meeting supported the merger, officials reported. The resulting credit union, which will keep...

American Heritage FCU Debuts as Bradshaw "Pick of the Week"

Peter Westerman | May 20, 2003

PHILADELPHIA - Hopefully TIVOs or VCRs were set earlier this week to record the nationwide spotlight on American Heritage Federal Credit Union's dedication to service. NFL Hall-of-Famer-turned Fox TV commentator Terry Bradshaw singled out the $360 million credit union as his "Pick of the Week." Bradshaw described his mission to...

CNBS Changes its Name to CNBS?

Peter Westerman | May 20, 2003

OVERLAND PARK, Kan. - No that headline does not contain a typo. Corporate Network Brokerage Services (CNBS) is going to keep the acronym but drop the words it stands for and officially change its name to CNBS. This comes on the heels of CNBS offering natural person CUs an investment...

Prudential Survey a Wake-up Call for Financial Institutions

Peter Westerman | May 20, 2003

NEWARK, N.J. - With a recent survey finding that 34% of pre-retirees are in "frail" financial health, credit unions have an opportunity to help educate millions of Americans on becoming more financially fit. A Prudential Financial Inc. study finds that 79% of pre-retirees are not financially ready to retire comfortably....

Hispanic Cardholders Like Debit Cards, Survey Finds

Peter Westerman | May 20, 2003

PURCHASE, N.Y. - Hispanic cardholders are just as likely to use debit cards as credit cards for high-end purchases in the $100 to $500 range, a new survey conducted by MasterCard International has found. The survey also found that debit is the payment option of choice for midrange purchases of...

CU Board Members Unfairly Misrepresented

Peter Westerman | May 20, 2003

Mike Welch's opinions stated in his April 17th column, "Recognize Any of These CU Board Members?" provided tinges of honesty combined with many misrepresentations. His column targeted directors seemingly to create separation and controversy that I find appalling. As a credit union director with well over 20 years of experience...

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Peter Westerman | May 20, 2003

US Federal Credit Union, Burnsville, Minn., has appointed Martin Kelly director of marketing. Heritage Federal Credit Union, Newburgh, Ind., has named LeAnn Cooper assistant vice president/West Side branch manager. Indiana University Employees Federal Credit Union, Bloomington, has elected the following directors to its board Richard Heinz; Bruce Jaffee; Hannah Buxbaum;...

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EAST

Overdraft Protection Programs, Done Right, Serve a Purpose

Credit Unions Have Their Work Cut Out as CFA Study Finds Most Americans Have No Financial Plan

Western FCU, TRW Systems FCU Merger Creates New Billion Dollar CU

American Heritage FCU Debuts as Bradshaw "Pick of the Week"

CNBS Changes its Name to CNBS?

Prudential Survey a Wake-up Call for Financial Institutions

Hispanic Cardholders Like Debit Cards, Survey Finds

CU Board Members Unfairly Misrepresented

MIDWEST

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