Credit Union Journal articles from September 2006

Credit Union Journal archives from September 2006

Comments Laud, Criticize NCUA On Charter Conversion Plan: Conversion Comments: Some Call For Even Stronger Proposal From NCUA, Others Say Agency Is Overreaching.(National Credit Union Administration)
September 4, 2006... ALEXANDRIA, Va. -- The NCUA was both highly praised and harshly criticized by CU industry leaders, conversion consultants and anti-conversion advocates for proposed revisions to its charter conversion regulations in the comment letters it...

Not Getting Their Share: CUs Struggle To Break Past 2% Market Share; Soft Real Estate Market Poses Additional Challenge.(market shares)
September 4, 2006... ARLINGTON, Va. -- While numbers may be grim for the housing industry nationally, with existing home sales down 4.1% in July, and with home prices in hot markets decreasing and inventory rising everywhere, the challenge that remains for credit...

Aussie CUs' Venture Raises $100M In Secondary Capital.(credit union partnership)
September 4, 2006... SYDNEY, Australia -- In what is believed to be the first cooperative raising of secondary capital, 21 Australian credit unions have banded together in a special venture that raised $100 million. The credit unions worked with ABN AMRO and...

Institutional Card Attracts 28 CUs; Set To Break Even.(credit unions )
September 4, 2006... SAN DIMAS, Calif. -- Just one year after launch, a CUSO that offers credit unions an institutional credit card that includes a rebate feature and other benefits reports 28 CUs have signed on, and that the program will soon recover all start-up...

On Deadline.(credit union news)
September 4, 2006... Mo. CU Commission Withdraws FOM Plan JEFFERSON CITY, Mo.-The Missouri Credit Union Commission approved changes to its merger and consolidation rule, but withdrew the proposed changes to its field of membership rule at its meeting here,...

NCUF Preparing To Unveil Online System For Raising Funds Following Disasters.(National Credit Union Foundation )
September 4, 2006... WASHINGTON -- Seeking to move more quickly when collecting and distributing funds for disaster relief, the National Credit Union Foundation this month plans to unveil a new online system. Called "CU Aid, Credit Unions Helping Credit Unions...

Study: Bankruptcy Law Hurts FIs More Than Deadbeats.
September 4, 2006... BIRMINGHAM, Ala. -- A recently released study on the new bankruptcy law asserts that the act will cost consumers and financial institutions more time and money while doing little to stop deadbeat debtors. The study, underwritten by a group...

'Checking' In With One Company On Six Market Trends.
September 4, 2006... Four Questions Asked Of Counseling Agencies Credit counseling agencies were asked the following questions: 1. How many debtors have you served since the new bankruptcy law took effect on Oct. 17, 2005? 2. Of those, what percentage...

Worth Noting.(resignation of John Henry and Steve Dowden has been named interim leader in CUNA Mutual Group)(Comunidad Latina Federal Credit Union receives approval for charter from United States. National Credit Union Administration)(OnPoint Community Credit Union has been named Best Financial Institution )
September 4, 2006... CDFI Fund Accepting Apps WASHINGTON-The Treasury Department is now accepting applications for grants from its Community Development Financial Institutions (CDFI) Fund for fiscal year 2007. The CDFI Fund invests in and supports...

'Checking' In With One Company On Six Market Trends.
September 4, 2006... While we continue to wait for the checkless society to arrive (and it really is getting closer this time), some couldn't afford to wait. Case in point is Harland, at one point content to be one of the major check printers in the country, which...

Letter To The Editor: Point Missed; Loss In Race Not Loss For CUs.(Letter to the editor)
September 4, 2006... The Credit Union Journal's headline and article in its August 14th edition, "CUNA Efforts in Primary Races Experience Major Setback," was off the mark in several respects. There is no question that it would have been a far better result...

Letter To The Editor: It Would Benefit CUs To Comply With CRA Now.(Letter to the editor)
September 4, 2006... In reading a recent article in The Credit Union Journal's online newsletter (cujournal.com) titled, "Who Says Credit Unions Don't Do CRA?" I was happy to see a growing trend identified by your publication. Credit unions have continued to grow...

Letter To The Editor: CU Trade Groups & Their Pawns Are Interfering.(Letter to the editor)
September 4, 2006... In recent days, The Credit Union Journal and its fellow industry pundits have published tons of charter conversion coverage on their web sites and printed editions. These stories unequivocally confirm that credit union trade associations are...

Navy FCU Learns Lessons From The Gettysburg Battlefield.(federal Credit Union )
September 4, 2006... VIENNA, Va. -- Sticking close to its heritage as a military-based credit union, senior staff with Navy Federal Credit Union recently conducted a "staff ride" at Gettysburg National Military Park in Pennsylvania. A staff ride is an on-site...

How 1 CU Is Involved At 'New Concept' High School.(credit union)(InvesTex CU )(Carl Wunsche Sr. High School)
September 4, 2006... SPRING, Texas -- Critics of traditional schools opine that they don't teach life skills-in particular financial literacy-so when a new "academy" high school was designed to teach those very skills, Houston-based InvesTex CU saw the opportunity...

Mica Criticizes Banks As Record Earnings Reported.(financial report)(Financial report)(Brief article)
September 4, 2006... WASHINGTON -- CUNA President Dan Mica has issued a statement sharply critical of the banking industry in the wake of another quarter of record profits. The FDIC reported earlier this week that banks have enjoyed "record industry earnings" for...

Johnson Reiterates NCUA Position On ROA.(JoAnn Johnson)(National Credit Union Administration)(Return On Assets)(Brief article)
September 4, 2006... MADISON, Wis. -- In remarks before a graduating class of credit union executives here, NCUA Chairman JoAnn Johnson reiterated the agency's recently announced position that not hitting 1% ROA should not affect a CAMEL code. Johnson told the...

Product & Service.(Clarke American Checks Inc launches check selector)(PacifiCorp. Utah Power partners with PEMCO Technology Services)(California League Services Corp signs deal with CU Services LLC)(Brief article)
September 4, 2006... Check Selector Feature Launched SAN ANTONIO-Clarke American has launched a multi-fold check selector featuring the most popular checks and deposit tickets ordered by the public combined with new designs. The two-sided display makes it...

Desert Schools Offers Members 'Fleet' Price.(Desert Schools Federal Credit Union new Member Value Pricing program for its members)(Brief article)
September 4, 2006... PHOENIX -- Members of Desert Schools Federal Credit Union will be able to obtain fleet rates for automobiles at selected car dealers in the CU's three-county area under its new "MVP," or Member Value Pricing program. Ron Amstutz, Desert...

American Heritage's Good Deed On NBC.(community donations)(Brief article)
September 4, 2006... PHILADELPHIA -- A good deed by American Heritage FCU here to help a local family with adoption expenses earned the $540-million CU a mention on a recent NBC Dateline segment. Touched by the story about members who set out to reunite their...

CUNA Presses NCUA To Clarify SARs Plan.(National Credit Union Administration )(Brief article)
September 4, 2006... WASHINGTON -- CUNA is urging NCUA to clarify several aspects of a proposal to revise the agency's filing requirements for suspicious activity reports (SARs). While noting it supports the rationale for the revisions, including a proposal to...

More Than 50 Join CU After Partnership Formed.(Credit Union)(Fresno County FCU )(Fresno West Coalition for Economic Development )
September 4, 2006... FRESNO, Calif. -- A partnership between Fresno County FCU and the Fresno West Coalition for Economic Development (FWCED) has helped more than 50 lower-income people join the CU and begin building assets, according to a new study. The...

CUNA Calls For Clarification On SARs.(The Credit Union National Association urges United States. National Credit Union Administration to clarify on suspicious activity reports )(Brief article)
September 4, 2006... WASHINGTON -- CUNA is urging NCUA to clarify several aspects of a proposal to revise the agency's filing requirements for suspicious activity reports (SARs). While noting it supports the rationale for the revisions, including a proposal to...

Latham Recognized By NASCUS.(Pierre Jay Award winner)(Brief article)
September 4, 2006... DANA POINT, Calif. -- George Latham, a long-time "dedicated and passionate advocate for the dual chartering system" and regulator with the Virginia Bureau of Financial Institutions, has been named the 2006 Pierre Jay Award winner by NASCUS....

People.(The Iowa Credit Union League names Sarah Valiga regulatory compliance analyst)(Kinecta Federal Credit Union names Judith Colburn manager of consumer loan underwriting and announces the death of board member Paul Gee)(Group Health Credit Union promotes Gena Chriscaden and Meghin Margel to branch sales managers and Denise Morgan to assistant manager Centra Cu )
September 4, 2006... The Iowa Credit Union League, Des Moines, named Sarah Valiga regulatory compliance analyst. T&C Federal Credit Union, Bloomfield Hills, Mich., awarded Dianne Addington the distinguished Service Award. The New Jersey Credit Union...

Non-Unionized Workers Blamed.(Brief article)
September 4, 2006... SAANICH, Victoria, B.C. -- In a twist, some non-unionized employees at Island Savings Credit Union here are being blamed for extending a strike by unionized workers. The credit union has eight branches in which employees are non-unionized and...

In Hawaii, Robber In A Uniform.(robber wearing military uniform)(Brief article)
September 4, 2006... PEARL RIDGE, Oahu, Hawaii -- A man wearing a military uniform robbed a branch of Hickam FCU here. The robber was given cash after handing the teller a note demanding money, and he then exited the branch. Police said they recovered the tan...

In Colo., Robber Fires A Shot.(fires shot)(Brief article)
September 4, 2006... AURORA, Colo. -- A robber who entered a branch of Aurora Catholic FCU here fired a shot into the ceiling of the credit union to announce the robbery. The robber, wearing a black jacket and hood, sought cash from the seven tellers working in the...

In Wis., Robber Wears Bandages.(Henry L. Hardnett has been arrested here after employees at First American Credit Union )(Brief article)
September 4, 2006... JANESVILLE, Wis. -- Henry L. Hardnett, 20, has been arrested here after employees at First American Credit Union became suspicious of his activities. Hardnett partially entered the credit union and was holding a note when he turned around and...

Tower Federal Selects IMM.
September 4, 2006... LINDEN, N.J. -- Integrated Media Management (IMM), which specializes in output management and document automation technology, said that the $1.6-billion Tower Federal Credit Union in Laurel, Md., selected the company's solution. IMM reported...

WCU Adds Two.(Workers' Credit Union will absorb via merger two smaller credit unions)(Brief article)
September 4, 2006... FITCHBURG, Mass. -- Workers' Credit Union here said it will absorb via merger two smaller credit unions prior to year end. The mergers will add approximately $13 million to Worker CU's assets. Merging with Workers Credit Union will be...

What The Credit Union, Bank Trade Groups Are Saying About Conversion Rules Proposal.
September 4, 2006... CUNA There are differences between the fiduciary duties of bank directors and credit union board members that should be and are reflected in the proposal. WASHINGTON-CUNA, which expressed general support for NCUA's proposed rule on...

Product & Service.(Ralphs Federal Credit Union selects Redbeard Communications Inc)(Nassau Educators Federal Credit Union partners with CU Business Capital LLC )(ISGN Technologies Ltd invests in MortgageHub)
September 4, 2006... Ralph's FCU Selects Redbeard HOLLISTER, Calif.-Seeking help designing a new logo and new name, Ralphs Federal Credit Union chose Redbeard Communications, an award-winning brand consultant. Ralphs CU serves employees in the grocery market...

Rival Lenders In Mass. Join To Aid Stressed Borrowers.(Massachusetts)(HarborOne CU)(Crescent CU)(Federal National Mortgage Association)(Massachusetts Housing Finance Agency)
September 4, 2006... BROCKTON, Mass. -- A rapid rise in foreclosure filings in the Brockton area has inspired a partnership of credit unions, banks and non-profit lenders to help borrowers in danger of foreclosure restructure their loans with more affordable, fixed...

Ability To Buy Home Feeling More Strain.(Brief article)
September 4, 2006... WASHINGTON -- The ability of many Americans to buy homes continues to be tested. The median hourly wage of American workers is down 2% since 2003 when adjusted for inflation, according to economists, even though there have been acceptable...

GTE FCU's Efforts Get Nod From Fannie Mae.(GTE Federal Credit Union and Suncoast Schools Federal Credit Union awarded with the 2005 Emerging Market Award)(Brief article)
September 4, 2006... TAMPA, Fla. -- Fannie Mae presented GTE FCU with an Excellence in Affordable Lending Award in the large-sized credit union category (over $500 million in assets). Prime Alliance awarded GTE FCU and Suncoast Schools Federal Credit Union with the...

'Hope Initiative' Targets Housing.(Brief article)
September 4, 2006... MARLBOROUGH, Mass. -- The Massachusetts Credit Union League has created the "Credit Union Community Hope Initiative," which will be the umbrella identity under which the league promotes solutions for problems that relate to affordable housing...

New Study Finds Homeowners Have Higher Scores.(consumers with mortgages have an average credit score)(Brief article)
September 4, 2006... IRVINE, Calif. -- A new study has found, perhaps not surprisingly, that consumers with mortgages have an average credit score that is 55 points higher than consumers without a mortgage. The study, conducted by Experian Consumer Direct,...

Consumer Mortgage Study.(Statistical table)
September 4, 2006... Consumers Consumers Consumers w/ mortgage w/ 2nd mortgage w/ not mortgage Credit Score 713 739 658 Average Debt $24,565 $42,511 $4,565 ...

Credit Unions In Their Communities.(Spokane Teachers Credit Union contributes $25,000 for Biz Kid$ program)(Clearview Federal Credit Union names Timothy Dornin as winner of an iPod)(MCT Federal Credit Union awards five $1,500 Bill Teel Memorial Scholarships)(Brief article)
September 4, 2006... * Family Trust FCU, Rock Hill, S.C., celebrated Youth Week with vault tours, police and fire trucks, mascots, games and prizes. * With soaring 100-degree temperatures, Premier Credit Union, Des Moines, Iowa, assisted The Salvation Army's...

Where Fannie Mae Sees Mortgage Market Headed For Credit Unions.(Federal National Mortgage Association)
September 4, 2006... WASHINGTON -- First mortgage real estate loans, credit unions' largest loan category, grew 5.7% during the first six months of 2006 despite a generally plain-vanilla approach. One person sees other opportunities over the next six months....

Sixth Class Graduates From Credit Union Institute.(National Federation of Community Development )(Brief article)
September 4, 2006... MADISON, Wis. -- The sixth class has graduated from the National Federation of Community Development Credit Union's Credit Union Institute. In remarks to the graduates, NCUA Chairman JoAnn Johnson said she was particularly pleased to see...

Five Years Later, The New World Of COMPLIANCE.
September 11, 2006... Airport Security & Privacy Are The First Things Many Think Of When Asked About The Fallout From Sept. 11, 2001. But For Credit Unions, Compliance With A Host of New Laws Has Been The Real Effect. In This Special Report, Page 14, Credit Unions,...

Columbia Purges Conversion Opposition: Action Raises Spector Of Expulsion Over Politics.(Columbia Credit Union)
September 11, 2006... VANCOUVER, Wash. -- A three-year-long battle over a failed credit union conversion to savings bank came to an end when Columbia CU kicked dissident members of its board and supervisory committee out of the credit union. Or did it? The...

Resurrecting The 'Dead Zones': Experts Tell How To Make Every Square Foot Count.(efficient use of space)
September 11, 2006... MILWAUKEE -- The "Dead Zone" isn't just a paranormal television show-it's also that wasted space in your branch that isn't contributing to your ROA. But you can vanquish these vacuums, according to several facilities experts. "We find dead...

FHLBs' Capital Rule In Jeopardy, Key Reps Seeking Withdrawal.(federal home loan banks)
September 11, 2006... WASHINGTON -- A proposed new capital standard for the 12 Federal Home Loan Banks appeared to be in jeopardy last week after key members of Congress took turns scoring the measure, which could severely cut into fat dividends paid by the FHLBs to...

On Deadline.(savings, loan growth down)(efffort to launch community development credit union is moving forward)(Community Banks Inc. acquires BUCS Federal Credit Union)
September 11, 2006... Savings, Loan Growth Down From Last Year MADISON, Wis.-Credit unions' year-to-date savings growth and loan growth both are down from last year, to 1.9% and 4.9% respectively, increasing the loan-to-savings ratio to 81.8% in July from 80.4%...

CUNA Launches Radio Talk Show In 30 Markets.(Credit Union National Association)
September 11, 2006... WASHINGTON -- CUNA launched a different tactic this week to promote the CU message with an hour-long weekly radio show on consumer finance issues. The show, "Home and Family Finance"-the same name as CUNA's quarterly newsletter-began...

Former CU Falls Into The Red As Viewpoint Bank.(Community Credit Union)(Brief article)
September 11, 2006... PLANO, Texas -- Viewpoint Bank, known until January as Community CU, fell into the red to the tune of $172,000 for its fiscal second quarter, compared to a profit of $1.7-million for the same quarter last year, due to $362,000 in tax liability...

CUSO Loans, Investments Surpass $1B Mark.(Credit Union Service Corporations)(Brief article)
September 11, 2006... WASHINGTON -- Investments in or loans to CUSOs surpassed the $1-billion threshold at year-end 2005, according to new analysis by Callahan & Associates. The $1.1-billion in investments and loans was a 40% increase over the same figure from...

Worth Noting.(Sill Federal Credit Union )(Pen Air Federal Credit Union of Florida )(Harborstone Credit )(Department of the Army's Credit Union )(Corporate America Family FCU - Peter Paulson )
September 11, 2006... Defense CUs Honored By Military SAN ANTONIO-Three defense credit unions and three defense CU leaders were recognized for their distinguished service at the Defense Credit Union Council's 43rd Annual Conference. Fort Sill Federal Credit...

Two, Four, Six, Eight, How Does Your Credit Union Rate?(Editorial)
September 11, 2006... The college football season is now officially about two weeks old, so it's time to unveil The Credit Union Journal's proposed new system for ranking the teams - according to the credit unions that serve those universities. It seems an...

How You Can Extend Your Brand: Hint: It's Not Making More Copies Of Your CU's Logo @sh# If you are marketing each of your products and services independently it's going to be difficult to increase your number of products per member.(credit unions)
September 11, 2006... I hear a lot of talk about brand extensions these days, from marketing people and CEOs alike. They're becoming the iPod of the credit union marketing world. Lots of people want to do brand extensions because they're trendy, they can be totally...

Letters to the Editor: CULAC Action In Race A Step Forward, Not Back.(Letter to the editor)
September 11, 2006... As a past chairman of the Credit Union Legislative Action Council of CUNA (CULAC), I take strong exception to The Credit Union Journal's characterization of CULAC's recent independent expenditure campaigns as a "major setback." ("CUNA Efforts...

Cashing In On Graying America, 1 CU Offers Unique Retirement Plan.(credit unions)
September 11, 2006... FENTON, Mo. -- Alliance Credit Union believes it's the first credit union in the United States to offer a CD-type retirement annuity that doesn't wait until retirement to start payments. Alliance CU recently unveiled its "Fixed- Term...

Study, Forum Focus In On Underbanked Population.(Center for Financial Services )(Brief article)
September 11, 2006... CHICAGO -- The Center for Financial Services Innovation has released "Highlights From the Inaugural Underbanked Financial Services Forum." The paper, written by Katy Jacob, CFSI's research director, discusses the key themes that emerged...

Financial Literacy Commission Issues First Report.(National Financial Literacy and Education Commission)(Brief article)
September 11, 2006... SAN DIEGO -- John W. Snow, former U.S. Secretary of the Treasury, recently issued the first report of The National Financial Literacy and Education Commission. The commission was created under the Department of the Treasury by an act of...

CUNA: CUs Have Potential to Double Membership.(Credit Union National Association)(Brief article)
September 11, 2006... MADISON, Wis. -- Credit unions theoretically have an opportunity to nearly double their current membership count and welcome an estimated 78.6 million potential adult members who indicated they are eligible to join a credit union, according to...

Playing Off Hot, Racy TV Show Pays Off For AltaOne.
September 11, 2006... RIDGECREST, Calif. -- While many credit unions struggle to add to their meager mortgage loan share, one CU drew a flurry of activity with a marketing campaign that tapped into the "buzz" surrounding a piece of pop culture. AltaOne Federal...

Space Coast CU Piloting Offering From Lending Solutions, Experian.(Lending Solutions, Inc.)
September 11, 2006... ELGIN, Ill. -- Space Coast Credit Union, Melbourne, Fla., became the first client of a new partnership between Lending Solutions, Inc. and Experian to help credit unions recapture members' loans from other financial institutions. "This...

Congress Agrees On Regulatory Relief Bill.
September 11, 2006... WASHINGTON -- Leaders of the House and Senate are expected any day to cement a pact on the pending regulatory relief bill for credit unions and banks. Passage of the limited relief bill, though it is supported by the credit union lobby, is...

Mass. Bankers Launch New Anti-CU Campaign.(credit union)
September 11, 2006... BOSTON -- A new dust-up with the bankers broke out in the Bay State when the Massachusetts Bankers Association launched a website attacking the credit unions' tax-exempt status. Daniel Forte, president of the state bankers' group insisted...

People.(MidWest Financial Credit Union promotes Tom Gisewhite and Yuri Wilson-Rosochacki)(Richard A. Sheppard and Joseph V. Quintal elected at Leominster Credit Union)(Shavon Thornton promoted at Greater Texas Federal Credit Union)
September 11, 2006... Kinecta FCU, Manhattan Beach, Calif., elected to its board: Janet Sparrow, chair; Robert A. Young, vice chair; Jeffry Y. Yonemura, treasurer; Paul A. James, secretary; Mary Yasui-Yamabe, assistant secretary; and John Tessier, associate...

New Biz Services CUSO Launched.(Credit Union Service Organization )(Impel Consulting Group, LLC)(Brief article)
September 11, 2006... MIDDLETOWN, Penn. -- A consortium of credit unions launched a new CUSO, called Impel Consulting Group, LLC, specializing in business services consulting for CUs. "We formed Impel Consulting Group because we saw a need in the movement. A...

Detroit CUs Agree To Combine.(Research Federal Credit Union and Choice Credit Union merges)(Brief article)
September 11, 2006... DETROIT -- Research FCU and Community Choice CU said they have agreed to merge, creating a credit union with $420 million in assets serving almost 70,000 members. Plans call for retaining the Community Choice CU name and field of membership....

BankServ Acquires P2P Payments.(Magex Managed Payments Platform)(Brief article)
September 11, 2006... SAN FRANCISCO -- BankServ, the growing provider of payments services, has agreed to acquire Magex Managed Payments Platform, a unit of England-based Magex Holdings Ltd. which provides person-to-person payments over the Internet and cell phones...

P&H Solutions Sold To TSA Inc.
September 11, 2006... OMAHA, Neb. -- Transaction Systems Architects Inc., a maker of electronic payment software, will acquire P&H Solutions, a provider of web-based cash management systems popular with corporate credit unions. The purchase price for P&H, based...

MasterCard Goes Public With Rates.(Brief article)
September 11, 2006... PURCHASE, N.Y. -- In a new effort to stave off additional congressional scrutiny and to pacify merchant customers, MasterCard Worldwide will now publish all of its interchange rates that apply to U.S. merchants, which will allow the merchants...

NACHA To Process Business Checks.(National Automated Clearing House Association )(Brief article)
September 11, 2006... ALEXANDRIA, Va. -- The National Automated Clearing House Association said new rules allowing for the conversion of business checks will take effect Sept. 15. Under the new NACHA rules, business checks up to $25,000 are eligible to be...

Five Years Later, The New World Of COMPLIANCE: The Fallout For Credit Unions From 9/11.
September 11, 2006... GLENDALE, Calif. -- Five years after what is now known simply as 9/11, and the images that come to mind for many Americans are the collapse of the World Trade Center buildings and a smoking hole in the ground in rural Pennsylvania. But for...

Product & Service.(Autoland acquires Credit Union Auto Sales of Roseville)(CO-OP Financial Services names No. 1 company)(Minnesota Credit Union Network wins award)
September 11, 2006... Autoland Acquires CU Auto Sales SHERMAN OAKS, Calif.-Autoland, an auto buying service, has acquired CU Auto Sales of Roseville, Calif., a credit union-owned auto-buying service that has done business with more than 800,000 CU members...

Co-Location Program Aids Disaster Recovery.(Brief article)
September 11, 2006... MEMPHIS, Tenn. -- With the fifth anniversary of the Sept. 11, 2001 terrorist attacks serving as a backdrop, Share One, Inc. has unveiled its newest solution to protect credit union clients from natural disasters, acts of terrorism, and other...

IR FCU TIPs To FedChoice.(Internal Revenue Federal Credit Union)(FedChoice FCU)(Brief article)
September 11, 2006... LANHAM, Md. -- IR FCU is now open for business as FedChoice FCU to reflect the new TIP charter allowing it to serve a broad swatch of federal employees in the Washington, D.C., Baltimore and Philadelphia markets. The 70-year-old credit...

CU Changes Name To AllWealth.
September 11, 2006... HAMILTON, Ohio -- Hamilton City Employees Federal Credit Union, which has served municipal and law enforcement employees since 1948, has changed its name to AllWealth Federal Credit Union and opened its membership to everyone in Butler County,...

SACEFCU Now Serving Community.(San Antonio City Employees Federal Credit Union )(Brief article)
September 11, 2006... SAN ANTONIO -- San Antonio City Employees Federal Credit Union (SACEFCU) was authorized by the NCUA to convert to a community charter serving anyone who lives, works, worships, attends school or volunteers in Bexar County. Immediate...

CU Sees Double With Name Change.
September 11, 2006... LACEY, Wash. -- Twin County Credit Union has changed its name to TwinStar Credit Union. The CU, which spent two years coming up with a new name, selected TwinStar because it is shorter, more memorable and easier to pronounce, according to...

Trenton Times Absorbed by CUNJ.(Credit Union of New Jersey )(Brief article)
September 11, 2006... EWING, N.J. -- The $207-million Credit Union of New Jersey has absorbed via merger the $1-million Trenton Times Employees FCU. When the merger is complete, approximately 33,000 members will be served by the CU. (c) 2006 The Credit Union...

Albertsons To Become TruGrocer.(Albertsons Employees' Federal Credit Union changes names to TruGrocer Federal Credit Union)(Brief article)
September 11, 2006... BOISE, Idaho -- Albertsons Employees' FCU said that effective Oct. 1 it will change its name to TruGrocer FCU. The move follows significant changes at its sponsor company, the grocery chain Albertsons, which has now split into three pieces,...

CU Rises To New Heights.(U of C Federal Credit Union has new name)(Brief article)
September 11, 2006... BOULDER, Colo. -- The $690-million U of C Federal Credit Union has a new name: Elevations Credit Union. Originally chartered to serve the University of Colorado, CEO Bill Sterner said the name did not reflect the credit union's field of...

Merger May Bring On New Moniker.
September 11, 2006... GRAND JUNCTION, Colo. -- The $2.5-million Roaring Fork Employees Credit Union has merged into the $30-million Grand Junction FCU. Roaring Fork indicated it has sought the merger. The credit unions indicated a name change may also follow....

NAFCU: Growth Opportunities To Be Had In Health Savings Accounts.(National Association of Federal Credit Unions)(Survey)
September 11, 2006... WASHINGTON -- NAFCU's latest Flash report, its monthly update on economic factors that affect credit unions, found that credit unions were only beginning to offer Health Savings Accounts (HSAs) and 529 college savings programs to members. ...

Miller Case Against CUNA Still On Target.( Mike Miller )(Brief article)
September 11, 2006... MADISON, Wis. -- Despite what Clifford Blackwell called a slight delay in receiving testimony transcripts from the Mike Miller vs. CUNA case, the Madison Equal Opportunities Commission Hearing Examiner said he expected to stay on target. ...

Visterra Combines Heritage With Future In New Branch.(Visterra Credit Union )
September 11, 2006... MORENO VALLEY, Calif. -- Visterra Credit Union sorely needed more room in its main branch and it got it, thanks to a new, 17,000-square foot facility. Charlie Hale, Visterra's vice president of marketing, said the CU moved into its...

Building Blocks.(America's Christian Credit Union has new facilities)(EHS Design receives awards)(University of Kentucky Federal Credit Union opens new branch )(Brief article)
September 11, 2006... ACCU Opens 1950s Diner Facility GLENDORA, Calif.-America's Christian Credit Union celebrated the opening of its new facility, which is modeled after a 1950s diner. It features a couch shaped as the backseat of a Chevrolet, booths and an...