Credit Union Journal articles from December 2005

Credit Union Journal archives from December 2005

NCUA Budgets 1.9% More For '06: Agency Staff To Average 3.1% Pay Increases.(National Credit Union Administration )
December 5, 2005... ALEXANDRIA, Va. -- The NCUA Board last week-with a full complement of three members for the first time in 18 months-approved a new budget for 2006 that calls for a 1.9% increase in spending to $151 million. The budget will pay NCUA...

Tell-Tale Tests For Tellers: Why 1 CU Is Using Software To Weed Out Bad Candidates.(credit union)
December 5, 2005... SPOKANE, Wash. -- What good is a teller who struggles to operate a computer or handle money? As Steven Dahlstrom, CEO of Spokane Teachers CU put it, "When you ask someone about their credit union, they talk about their teller. That is why...

Several Key CUNA Executives Leaving Group To Join NCUA.(National Credit Union Administration)(Credit Union National Association)
December 5, 2005... WASHINGTON -- The revolving door continued to swing last week between CUNA and NCUA, which was preparing to hire away the trade association's two top congressional lobbyists. Both chief lobbyist John McKechnie and Executive Vice President...

Raises At Small CUs Rise For 1st Time Since '01, Dip In '06.(credit unions)
December 5, 2005... Salary increases at small credit unions are projected to rise this year for the first time since 2001, but that respite will be short lived, as raises are expected to dip once again in 2006, according to the Small Credit Union Salary Survey...

On Deadline.(National Credit Union Administration is expanding)(Viewpointe Archive Services agreed to connect with Fiserv's check clearing network)(credit unions campaigns)
December 5, 2005... Agency Collecting Data On CU Service ALEXANDRIA,Va.-NCUA last week said an intra-agency working group that has been charged with analyzing credit union service to persons of modest means is "making progress and is expanding its focus in...

Community CU's New Name: ViewPoint Bank.(credit unions)(Brief Article)
December 5, 2005... PLANO, Texas -- Effective Jan. 1, Community Credit Union will change its name to ViewPoint Bank. In a move that was challenged by a group of members and by regulators, before being overturned in a member vote and in the courts, respectively,...

CUNA Blasts Banks As Profits Hit Another High.(Credit Union National Association)(Brief Article)
December 5, 2005... WASHINGTON -- The banking industry's profits again hit new highs during the third quarter, and the credit union trade associations were again quick to call on the banks to "quit complaining about credit unions." The FDIC said that during the...

Trades Recommend Changes In 5300 Plan.(Brief Article)
December 5, 2005... ARLINGTON, Va. -- The credit union trade associations have all weighed in on NCUA's call for comment on proposed changes to the 5300 report filed each quarter by credit unions. NCUA is proposing changes that would require all federally insured...

Berrish Joins Fed's Thrift Advisory Council.(Brief Article)
December 5, 2005... WASHINGTON -- The Fed has named the five new members of its Thrift Advisory Council, including Frank E. Berrish, CEO of Visions FCU, Endicott, N.Y. He will join another CU representative already serving on the panel, Jeffrey H. Farver, CEO, San...

La.'s CU's Move Back In; Awaiting Members.(credit unions)
December 5, 2005... HARAHAN, La. -- With schools reopening in some of the areas hardest hit by Hurricane Katrina, people are slowly trickling back in to New Orleans, but credit unions are still waiting to see how many of their employees will come back-and how they...

Australian CU Told To Turn Over Member List.(Brief Article)
December 5, 2005... SYDNEY, Australia -- This country's Administrative Appeals Tribunal has upheld a ruling by a government agency that a credit union must turn over a list of its membership to a competing building society that is seeking to take it over. The...

CU Staff To Train On HIV/AIDS.(credit union)(Brief Article)
December 5, 2005... NAIROBI, Kenya -- The World Council of Credit Unions (WOCCU) is backing a training program for credit union employees here to help address the HIV/AIDs pandemic here. Sixteen credit union employees from Afya SACCO are participating in an...

Worth Noting.
December 5, 2005... Two More CUs Commit To HLPR WASHINGTON-Two more CUs have committed a total of $10-million to a CUNA-backed program aimed at helping more people to buy homes. Making commitments to the Home Loan Payment Reduction (HLPR) program were Coastal...

Grass Always Greener On Other Side Of Playing Field.
December 5, 2005... A few years back U.S. Rep. Barney Frank of Massachusetts told a CU group that he has never ceased to be amazed that in every meeting he has ever had with representatives of any and all industries, they invariably complain that the playing field...

Weather More Than Fodder For Talk At Many Credit Unions.
December 5, 2005... BISMARCK, N.D. -- Everyone talks about the weather, but few are watching it more closely than credit union leaders across the upper Midwest and Northeast this year. With prices for fuel for both vehicles and home heating needs...

New ABA Chair's Zeal Leads To Attack Upon-Banks!(American Bankers Association )
December 5, 2005... In his zeal to attack non-profit credit unions by selectively quoting from a 2003 study by Boston College, American Bankers Association (ABA) Chairman Harris Simmons recently brought into question the "good citizenship" of more than 2,000...

Research: What Members Really Want.
December 5, 2005... Semi-annually, Member Research surveys tens of thousands of credit union members nationwide to assess their interest in both existing and proposed products and services. Members rate their interest on a scale ranging from "Very Interested" to...

Colo. CU Part Of Plan To Move 1,000 Into Homes.(Credit Union)
December 5, 2005... BOULDER, Colo. -- In response to skyrocketing home prices here, the $670-million U of C Credit Union is moving forward with a plan to provide permanently affordable homes to working families, young professionals and new immigrants. U of C...

Analyst Says Many CUs Remain 'Behind Curve' On Compliance.
December 5, 2005... ORLANDO, Fla. -- Every credit union has been directed to "know your member." The problem is, for many it's just "not very well." The question has become for how long will examiners make exceptions for credit unions when it comes to Bank...

CUNA Recognizes Former NCUA Board Member Matz' Service.(Credit Union National Association, National Credit Union Administration )(Brief Article)
December 5, 2005... WASHINGTON -- CUNA hosted a luncheon at Credit Union House last week in honor of former NCUA Board Member Debbie Matz. As part of the luncheon, Matz was presented with a resolution by the CUNA board commending her service. Specifically, the...

Product & Service.(OpenClose MTG releases its software)(UniTrust Financial Services gives contract to Banc Insurance Services)(PWCampbell gets contract from Arlington Virginia FCU)
December 5, 2005... Lending Platform Is Unveiled ORLANDO-OpenClose MTG has released its Correspondent Lending Platform, a web-based software that expedites the funding process by providing a mortgage lender's correspondent an intuitive and easy-to-use...

Firemen's CU In Venture To Help Buy, Sell Properties.(Los Angeles Firemen's Credit Union )
December 5, 2005... LOS ANGELES -- Los Angeles Firemen's Credit Union has entered into a partnership with firefighter-owned and operated Pacific Shore Mortgage & Properties to run a business venture designed to help California firefighters buy and sell homes and...

American Eagle CU (Division of ABECU) Merging With Meridian CU.(credit union)(Brief Article)
December 5, 2005... ST. LOUIS -- The $705-million Anheuser-Busch Employees' Credit Union and the $117-million Meridian Credit Union have agreed to merge. Meridian Credit Union will be combined with American Eagle Credit Union, a division of ABECU, and will have an...

Deere Community Federated CU Now Community 1st Credit Union.(credit union)(Brief Article)
December 5, 2005... OTTUMWA, Iowa -- Deere Community Federated Credit Union has chosen a new name-Community 1st Credit Union. The CU was requested by its sponsor, Deere & Co., to change the name, saying it wanted to avoid potential confusion. (c) 2005 The...

Product & Service.(MasterCard International launches website)(Alaska USA FCU selects Phoenix Interactive's terminal software )(Indirect Lending Technologies, L.L.C and CUNA Mutual Group makes agreement to integrate their two Internet-based systems)
December 5, 2005... 'Debt Know How' Is Unveiled PURCHASE, N.Y.-MasterCard International has launched "Debt Know How," a consumer-education campaign designed for Americans who need information on how to manage their debt. The Debt Know How program aims to...

CUs Shouldn't Expect Much From Congress.(credit unions)(Brief Article)
December 5, 2005... WASHINGTON -- Lawmakers will return to work briefly before the end of the year, but don't expect a lot to be accomplished, at least in the financial services area. Credit union priorities such as regulatory relief, CURIA, online data...

Southwest Corporate To Assist In Derivatives.(Brief Article)
December 5, 2005... ALEXANDRIA, Va. -- The NCUA board voted last week to allow Southwest Corporate FCU to engage in a pilot program assisting natural-person credit unions to develop a derivatives program. The program, which will be offered through the Dallas-based...

Pittsburgh Classified As An Underserved Area.(Brief Article)
December 5, 2005... ALEXANDRIA, Va. -- NCUA said last week it has approved Pittsburgh-based A-K Valley FCU to serve the entire city of Pittsburgh as an underserved area, the latest large U.S. city to attain the underserved designation under NCUA's low-income field...

Fannie, Freddie Boost Conforming Loan Limits.(Federal National Mortgage Association)(Federal Home Loan Mortgage Corp.)(Brief Article)
December 5, 2005... WASHINGTON -- In a move that will add liquidity to the mortgage market, Fannie Mae and Freddie Mac announced last week they are raising their single family conforming loan limits from the current $359,650, to $417,000. The 16% rise in the...

Firm Files Suit Over Bankruptcy Reform Law.(Brief Article)
December 5, 2005... ST. PAUL, Minn. -- A local law firm has filed suit challenging provisions of the bankruptcy reform law, claiming the new law is unconstitutional because it potentially limits attorneys' ability to speak with their clients about financial...

People.(Postal Credit Union promoted Christine Novak)(IU Credit Union appoints Matthew Nobbe)(Co-op Services Credit Union promoted Bryan Kaylor )
December 5, 2005... Postal Credit Union, Woodbury, Minn., promoted Christine Novak to commercial services manager. IU Credit Union, Bloomington, Ind., named Matthew Nobbe financial analyst. Co-op Services Credit Union, Livonia, Mich., promoted Bryan...

The CU Journal Daily.(credit union)(check collection rules)(iQ CU begins marketing holiday gift cards to children)(credit unions and banks that own MasterCard approved plans for a new corporate structure)
December 5, 2005... Feds Shift Burden On Checks WASHINGTON-The Federal Reserve approved amendments to its check collection rules, known as Reg CC, which make the depository institution now liable for losses from unauthorized, remotely created checks, instead...

As Community Charters Grow, So Do Applications For Finding Branch Sites.
December 5, 2005... ORLANDO, Fla. -- For many credit unions that have moved to a community charter, the next question becomes where to site branches. Often decisions are made for all the wrong reasons: where have other institutions placed their branches, what...

Is Bigger, Better? Some Consumers Seem To Think So.(Brief Article)
December 5, 2005... ORLANDO, Fla. -- Here's a one-question quiz on consumers and branches: All else being equal (distance from home or work, etc.), why will consumers choose a financial institution's branch on one corner over a competitor's on another? The...

Special Education Students Staff Apple FCU's Branch.(federal credit union)
December 5, 2005... FAIRFAX, Va. -- Special education students at the Earl L. Pulley Career Center at West Potomac High School will learn about finances through the newest student-run branch of Apple Federal Credit Union. "When school officials called to tell...

Guide Examines Best Practices In Counseling.(Credit Union National Association)(Brief Article)
December 5, 2005... MADISON, Wis -- CUNA's Center for Research and Advice has released "Best Practices: Credit Counseling That Works," which shows how, at no charge, eight different credit unions help their members successfully manage their debt, make the most of...

Houston CU Makes Commitment To Capture Biz From 'Indirect' Members.(credit union)(AltaFi )
December 5, 2005... HOUSTON, Texas -- First Community Credit Union is using a "two-angled" approach-direct phone calls and direct mail-to capture more business from its indirect lenders. The $482-million credit union recently recently partnered with AltaFi...

NY CUs Offered Planning Help.(New York State Credit Union )(Brief Article)
December 5, 2005... LATHAM, N.Y. -- New York State Credit Union League is offering credit unions in this state assistance in the strategic planning process through a new relationship with Virtual CEO Consulting Group. Empire State credit unions are being offered a...

Ensweiler To Take The Plunge.(TCUL PAC, Dick Ensweiler )(Brief Article)
December 5, 2005... FARMERS BRANCH, Texas -- Texas league CEO Dick Ensweiler will be doing a little fundraising via some freefalling-he is seeking to raise money for the TCUL PAC with his first-ever skydive. Because Ensweiler has opted for the "accelerated...

Corporates Announce Patronage Dividends.(Brief Article)
December 5, 2005... DULUTH, Ga. -- Several corporate credit unions have begun announcing patronage dividends to member CUs for 2005. Georgia Central's said it will refund $300,000 to credit unions, while Corporate Central CU, Hales Corners, Wis., is paying a...

CUES Presents Check To Warrior Foundation.(Special Operations Warrior Foundation)(Brief Article)
December 5, 2005... MADISON, Wis. -- Members of the Credit Union Executives Society helped raise $30,550 for the Special Operations Warrior Foundation, Tampa, Fla., a nonprofit organization providing support to children of fallen military heroes. The contribution...

Borrowers At Penn. Payday Lender Get Refund.
December 5, 2005... HARRISBURG, Penn. -- Consumers who participated in an "instant cash rebate" offer from a payday lender in the Keystone State are being urged by the Pennsylvania Department of Banking to apply for reimbursement by Dec. 21. To get the...

League Exec Elected As Town's Mayor.(Brief Article)
December 5, 2005... ARVADA, Colo. -- Ron Rakowsky, government affairs specialist with the Colorado and Wyoming Credit Union Leagues, has been re-elected to the Greenwood Village (Colo.) City Council. Rakowsky then was unanimously elected by his fellow City Council...

Members Can Customize Card Faces.(America First Credit Union)(Brief Article)
December 5, 2005... SALT LAKE CITY -- America First Credit Union has become the first credit union in the nation to develop a credit card with personalized images. Members may place any type of image, from grandchildren to favorite landscapes, on the cards. ...

CUDL To Again Have Presence At NADA Show.(credit union direct lending)(National Automobile Dealers Association)(Brief Article)
December 5, 2005... RANCHO CUCAMONGA, Calif. -- CU Direct Corp., which administers the Credit Union Direct Lending (CUDL) program, will once again bring together credit unions at the National Automobile Dealers Association (NADA) Convention Feb. 11-14 in Orlando....

Indiana CUL To Underwrite Trip To GAC For 30.(Credit Union League)(Brief Article)
December 5, 2005... INDIANAPOLIS -- The Indiana League, through its Servicecorp operation, is providing funding for representatives from as many as 20 Indiana credit unions to attend CUNA's GAC in February. The league has made $35,000 available to assist its...

Pavillion Dedicated, Open To Community.(Brief Article)
December 5, 2005... WINSTON-SALEM, N.C. -- Truliant Federal Credit Union has officially dedicated the Pavilion of the Member Support Center in honor of Fred J. Sarda, one of the founding members of Truliant. Sarda helped charter the credit union, known then as...

Keesler Pays Out $4.5M In Christmas Accounts.(Brief Article)
December 5, 2005... BILOXI, Miss. -- Keesler FCU disbursed 2005 Christmas Savings account proceeds totaling $4,572,783 to 15,667 of its members, a 34% increase over the 2004 Christmas Savings figures. Dividends of 1.75% were paid on the accounts. (c) 2005 The...

Michiana FCU Rolling Out Business Services.(federal credit union)(Brief Article)
December 5, 2005... ELKHART, Ind. -- Michiana Credit Union, a division of Bayer Federal Credit Union, has launched its new business services department by financing a new building project in its northern Indiana market. The CU is providing the financing for the...

Employees Forego Annual Party, Donate Funds.(Brief Article)
December 5, 2005... SAN DIEGO -- Employees at three credit unions here-Cabrillo, Carlsbad City and Sharp CU-have donated $5,000 that had been earmarked for an annual holiday party to Habitat for Humanity to support hurricane relief efforts. Cabrillo CU CEO Robin...

Community Page.(New York State Credit Union League receives award)(T&C Federal Credit Union donated 18 tickets for Clarkston Area Youth Assistance)(St. Louis Postal CU and St. Louis Community CU offered credit report seminars )
December 5, 2005... DFCU Awards Teacher Scholarships Digital Federal Credit Union, Marlborough, Mass., awarded $5,000 in teacher scholarships, which allows the teachers to purchase materials for their classroom and for student learning activities, projects and...

State Employees CU Adds Personal Touches To Members' ATM Visits.(credit union)(Automated teller machines)(Brief Article)
December 5, 2005... RALEIGH, N.C. -- State Employees Credit Union has added that personal touch to its 860 Cash Point ATMs, offering members a greeting upon entering their card and a "thank you" for their business once the transaction is complete. The new...

First Group Of Graduates.(Brief Article)
December 5, 2005... NAIROBI, Kenya -- Thirty-Eight students here have graduated from the first Strathmore-WOCCU African Management Institute (SWAMI). The graduates hail from four countries: Kenya, Seychelles, Uganda, and South Africa. The program is split...

Laws Change In New Brunswick.(Brief Article)
December 5, 2005... FREDERICTON, New Brunswick, Canada -- The New Brunwick government has made changes to laws affecting credit unions and caisses populaires that are aimed at protecting member savings and helping to create jobs. Among the changes is 100%...

Chetco FCU Named Community CU Of Year.(federal credit union)(Brief Article)
December 5, 2005... BOSTON -- Chetco Federal Credit Union was named Community Credit Union of the Year by the National Association of Community Credit Unions at its annual meeting here. The award recognizes a community credit union best exemplifying the...

Community Page.(Massillon Area Credit Union donates 8 computers)(Andrews Federal Credit Union opens new facility)(Orange County's Credit Union helds free financial literacy courses )
December 5, 2005... CTCU Promotes Political Awareness In Gurnee, Ill., Illinois Rep. Melissa Bean joins Community Trust CU President John Bratsakis, Jr. to produce a video to educate American voters about government issues. Travis CU Supports Military...

CUNA Mutual Names McWilliams SVP-Human Resources.(John L. McWilliams )(Brief Article)
December 5, 2005... MADISON, Wis. -- CUNA Mutual Group has named John L. McWilliams as its new SVP-Human Resources. McWilliams will have responsibility for leading the company's human resource functions, including recruiting, selection, performance management,...

Select Members Join For Dinner With Contestant On CBS' Survivor.
December 5, 2005... PITTSBURGH -- Five members of Clearview FCU here had dinner with local celebrity Ian Rosenberger of the CBS reality show "Survivor: Palau." The five Clearview members were chosen to attend the dinner event as part of CFCU's "Survive Dinner with...

CU On The Blog: CEOs Among Those Finding New Ways To Communicate-And It's Not Always About Credit Unions.
December 12, 2005... HOLLYWOOD, Calif. -- Pioneering credit unions are meeting online daily to strategize and socialize, all in the comfort of the web's quirky and expanding blogosphere. However, few credit unions are blogging directly with their members. ...

Board Members Resign In Boston As Audit Begins.(Massachusetts. Bay Transportation Authority)(Brief Article)
December 12, 2005... BOSTON -- Eight of the 15 members of the board at MBTA Employees Credit Union suddenly resigned their positions just hours before they were to meet with state regulators regarding an audit. Both state and federal regulators were declining...

A Best Practice For '06: The Credit Union Journal To Host Best Practices Conference In April.
December 12, 2005... MIAMI -- Credit unions across the country have developed numerous, innovative best practices across a range of disciplines. Now they're going to share them. The Credit Union Journal has announced plans to host its first-ever Best Practices...

Old-Hand At Credit Unions, Hyland, 'Brings No Agenda'.(Gigi Hyland)
December 12, 2005... ALEXANDRIA, Va. -- If anyone was ever groomed to serve on the NCUA Board it's Gigi Hyland. You could say that credit unions run in the family of the 40-year-old Hyland, who was sworn in last month to fill out the three-member panel...

New Hand At CUs Wants To Tap Power.(credit unions)
December 12, 2005... ALEXANDRIA, Va. -- Rodney Hood is a bundle of energy and he wants to channel it into the credit union movement. The 38-year-old NCUA Board neophyte has seen the power of credit unions in facilitating community development and he wants to...

On Deadline.(Gateway Credit Union mergers with DPS Credit Un-ion)(WesCorp FCU raises $500M )(Brief Article)
December 12, 2005... 3 Colo. CUs In Merger To Create $890M CU DENVER-The $176-million Gateway Credit Union said it plans to merge with two other Colorado credit unions that are wrapping up a merger of their own. Gateway will join with $565-million DPS Credit...

Loan-To-Share Ratio Inches Closer To 80%.
December 12, 2005... MADISON, Wis. -- The average loan-to-share ratio for credit unions inched closer to 80% during October as savings balances declined and members continued to borrow, according to analysis by CUNA. CUNA's Economics and Statistics Department...

Delaware League Taps CU Board Member As New CEO.(Patrick J. Mahaney appointed)(Brief Article)
December 12, 2005... NEW CASTLE, Del. -- The Delaware Credit Union League has named Patrick J. Mahaney as its new CEO. A 25-year volunteer as a board member with DEXSTA FCU in Wilmington, Del., including a term as chairman, Mahaney recently retired as senior...

Worth Noting.(bankruptcy filings increases)(Massachusetts' league's Social Responsibility Committee presented a $100,000 check )(Texas league has honored an employee )
December 12, 2005... Surprise! Bankruptcy Filings Spike WASHINGTON-Personal bankruptcy filings were up 10% in fiscal year 2005, a spike attributed largely to the bankruptcy reform bill that went into effect in October. The Administrative Office of the U.S....

Old Dogs Can Learn New Tricks-And Bite You, Too.
December 12, 2005... Hey, maybe you really can teach an old dog new tricks. And maybe that dog will bite you, too. There is an influential interest group that has been working tirelessly to bring about change at the congressional level for many years now. To...

States, County Councils Cracking Down On Payday Lending Practices.
December 12, 2005... MADISON, Wis. -- Several legislative bodies took steps last week to address payday lending practices. The Montgomery (Md.) County Council substantially increased the fines for predatory lending, imposing a $500,000 per violation fine, up...

More Than Member Education Needed To Stop Attacks.
December 12, 2005... Trojan Horse schemes and session hijacking systems have surged markedly over the past months, supporting the Anti-Phishing Working Group's (APWG's) view that automated phishing systems are the way of the future for this criminal enterprise. ...

Product & Service.(Experian launches new tool)(Callahan & Associates offers new web tool)(Teres Solutions signs agreement with MacDill FCU and RouteOne)
December 12, 2005... Experian Rolls Out 'Precise ID' COSTA MESA, Calif.-Experian has launched Precise ID, which the company called the "most comprehensive fraud management platform on the market today." Precise ID combines a wide range of fraud fighting and...

Simple Steps, CUSO Help Indirect Loans To Surge.(Credit Union Service Organization )
December 12, 2005... NORTH CHARLESTON, S.C. -- South Carolina FCU's VP of Lending John Bryan swears there is no "black magic" involved in his CU's successful indirect lending program. "Really, it's more simple than you would imagine," he said, crediting great...

Goodbye Guzzlers?(Brief Article)
December 12, 2005... N. CHARLESTON, S.C. -- While indirect lending volume is up, South Carolina FCU's John Bryan said, SUV purchases are not. "We've noticed a decline in applications for SUVs, but have not seen a corresponding decrease in the volume of loans,"...

Product & Service.(Brief Article)
December 12, 2005... 8 FI's Opt For P&H Solutions NEWTON, Mass.-P & H Solutions has signed eight more financial institutions for its Enterprise Business Banking Product Suite, which replaces multiple cash management systems with only one. EBBP Suite is...

Survey Finds More People Will Make Micropayments Online Using Credit.
December 12, 2005... NEW YORK -- According to a new survey, 20-million Americans purchased items valued at less than $2 online last year, and their penchant for using credit and debit cards for small payments, also called "micropayments," is on the rise. The...

MasterCard In Deal To Further Smaller Purchases.(Peppercoin Inc., MasterCard International Inc.)(Brief Article)
December 12, 2005... PURCHASE, N.Y. -- MasterCard International has entered into an agreement with Waltham, Mass.-based Peppercoin seeking to accelerate card usage for small transactions, so-called "micropayments," at both retailers and online. Under the plan,...

For 1 CEO, Friday Is Not The End Of Work Week.
December 12, 2005... INDIANAPOLIS, Ind. -- For many CEOs, the job often involves acting as referee, whether it be between members of management, or between staff and members. For Ron Collier, acting as a referee is also what he does when he's away from work....

Minnesota CU To Pick Up Home Heating Tab.
December 12, 2005... BURNSVILLE, Minn. -- For six lucky people in the Greater Twin Cities community, winter is going to be warm and worry-free thanks to a new promotion of US Federal Credit Union. The Free Heat Sweepstakes, launched to promote awareness about...

Wegner Lifetime Achievement Award Goes To Dennis Cutter.(Herb Wegner Lifetime Achievement Award by the National Credit Union Foundation)(Brief Article)
December 12, 2005... SPOKANE, Wash. -- Dennis Cutter, president of Numerica Credit Union here, has been named a winner of the Herb Wegner Lifetime Achievement Award by the National Credit Union Foundation. Cutter will be recognized at the Herb Wegner Awards dinner...

Jockeying Begins For Next Committee Chair.(Michael Oxley retires from House Financial Services Committee)
December 12, 2005... WASHINGTON -- Even though the selection process is more than a year away, backroom skirmishing has already begun to succeed Ohio Republican Michael Oxley as the next chairman of the House Financial Services Committee, as Oxley has announced his...

People.(appointments and promotions at credit unions)
December 12, 2005... PrimeSource Credit Union, Spokane, Wash., named Renee Robertson operations manager, promoted Kevin Spoerl to Nevada branch manager, named Alicia Johnson bookkeeper and Liz Johnstone new accounts specialist. Laurie Tolbert, Teresa Edie, Maykou...

Delay In Bill Pay: One CU Finds Members Like Bill Pay, But May Prefer Direct-Billers.
December 12, 2005... HARRISBURG, Penn. -- Many members are shying away from paying bills electronically at this leading online credit union, in many cases opting to use direct-biller sites instead. Aside from siding with the competition, bill pay users are also...

The 2005 Credit Union Journal Technology Panel.
December 12, 2005... The following are members of The Credit Union Journal's Technology Panel. They are all given the opportunity to respond to reader questions, in addition to providing input to our technology coverage. John Schooler, USERS, Inc., Valley...

Technology News: CUNA Tech Council Recognizes Cisco.(Brief Article)
December 12, 2005... ORLANDO, Fla. -- The CUNA Technology Council presented its fifth annual Best of Show Award to Cisco Systems, Inc., for its Cisco VT Advantage, which enables Cisco IP telephone users to experience video, face-to-face communications. The council...