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Peter Westerman | January 21, 2003

South Division Credit Union, Evergreen Park, Ill., has promoted Mary Priori to teller department supervisor. Purdue Employees Federal Credit Union, West Lafayette, Ind., has named Shawn Gillen mortgage loan originator. BestSource Credit Union, Waterford, Mich., has appointed John Normandeau president/CEO. US Federal Credit Union, Burnsville, Minn., has named Dan Buesgens...

Shaughnessy named COO of CUANJ

Peter Westerman | January 21, 2003

HIGHTSTOWN, N.J. - Thomas Shaughnessy, controller for the Credit Union Affiliates of New Jersey has been named Chief Operating Officer for CUANJ. Shaughnessy has also been the Chief Operating Officer for CUANJ's two for-profit service organizations - Professional Services Group (PSG) and Credit Union League Allied Services (CULAS). Russell Clark,...

Small Washington State CUs Get Temporary Asset Assessment Fee Reduction

Peter Westerman | January 21, 2003

OLYMPIA, Wash. -Credit unions in Washington State with less than $22 million in assets were granted a temporary reduction in their quarterly assessments by the state's Division of Credit Unions. According to provisions in the state's credit union statute, WAC 208-418-020, the Director has the authority to waive any portion...

Mortgage Bankers Association Finds Delinquencies Down, Foreclosures Flat

Peter Westerman | January 21, 2003

WASHINGTON - The Mortgage Bankers Association of America launched the new year with some good news for lenders, including credit unions. The MBA's latest National Delinquency Survey, covering the third quarter of 2002, found the number of homeowners delinquent with their mortgage payments dropped and the number in foreclosure remained...

CU24 Chooses Concord in Merger Deal

Peter Westerman | January 21, 2003

TALLAHASSEE, Fla. - The credit union EFT industry continues to shrink as Credit Union 24 said it plans to merge with Concord EFS. The nationwide scope of Concord EFS' STAR network was a significant factor behind CU24's recent decision to choose to merge with Concord over other interested parties, including...

NAFCU Meets With New Treasury Point Man

Peter Westerman | January 21, 2003

WASHINGTON-Though NAFCU had worked with Wayne Abernathy in his capacity at the Senate Banking Committee, the trade organization was not going to sit idly by after he was named assistant treasury secretary for financial institutions. In a recent meeting, NAFCU reminded Abernathy of the president's (then-governor's) pledge not to tax...

NFCDCU Promoting Tax Credit

Peter Westerman | January 21, 2003

NEW YORK - The National Federation of Community Development Credit Unions is following up on its previously stated intention to promote the federal Earned Income Tax Credit through its member credit unions. The EITC will put $375 into the pockets of unmarried individuals without children making no more than $11,060....

CUs and Unions Need Not Be Like Oil and Water

Peter Westerman | January 21, 2003

Most times credit unions and labor unions co-exist with no problems, but as clearly demonstrated in well-publicized difficulties between several credit unions and the labor unions representing their staffs, sometimes they can be at each other's throats. One obvious result is bad relations between unionized employees and management and the...

NCUA Board Members on the Move a lot of Late

Peter Westerman | January 21, 2003

WEST PALM BEACH, Fla. - An NCUA Board member may be visiting a town near you very soon. Members of the board have been particularly peripatetic of late. Here's a look at some of their recent trips

BECU is First to Use New Fraud Tool

Peter Westerman | January 21, 2003

TUKWILA, Wash.- Boeing Employees Credit Union is the first to use a new resource in the fight against fraud. As a result of a partnership between Loss Control Solutions and Amcrin Corporation, BECU will now be able to export check and suspect fraud data to the Amcrin CrimeDex network data...

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MIDWEST

Shaughnessy named COO of CUANJ

Small Washington State CUs Get Temporary Asset Assessment Fee Reduction

Mortgage Bankers Association Finds Delinquencies Down, Foreclosures Flat

CU24 Chooses Concord in Merger Deal

NAFCU Meets With New Treasury Point Man

NFCDCU Promoting Tax Credit

CUs and Unions Need Not Be Like Oil and Water

NCUA Board Members on the Move a lot of Late

BECU is First to Use New Fraud Tool

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