Credit Union Journal articles from September 2007

Credit Union Journal archives from September 2007

Florida Venture Continues To Cause Losses At CUs.
September 3, 2007... FT. MYERS, Fla. -- NCUA is counting the losses, expected to eventually run into the tens of millions of dollars, from three failed credit unions caught up in a land speculation scheme-gone-array here. The three credit unions, Norlarco CU,...

Bracing For Impact: CUs Resisted Subprime Temptation, But That Doesn't Mean They Won't Feel The Hit.(Statistical data)
September 3, 2007... COLORADO SPRINGS, Colo. -- The current tumult in the mortgage market has pushed dozens of subprime and exotic lenders out of business, but credit unions that resisted the temptations of the 2003-2005 real estate boom may emerge relatively...

CU Questions Why Examiner Is Taking Member Data Home.
September 3, 2007... DENVER -- NCUA is charged with overseeing the security of member data; but is the agency also putting it at risk? One credit union CEO here believes it is following a recent examination. Christine Wiley, CEO of Rocky Mountain Law...

How Will Subprime Mortgage Meltdown Effect Credit Cards?
September 3, 2007... ST. PETERSBURG, Fla. -- Problems in the first mortgage market mean credit unions should keep a closer eye on their card portfolios, according to several analysts. At issue is a big question over how those problems will pay out: will...

On Deadline.(Check fraudster caught)(Excelsior Credit Union to Pay Pre-Merger Dividend)(City Credit Union to acquire DART Federal Credit Union)
September 3, 2007... Check Forgers Hoist On Their Own Petard SALT LAKE CITY-Nine suspects were charged with running a counterfeit check ring that created bogus business checks and cashed them at most of the city's major CUs and banks. The ring messed up...

Arkansas CUL Creates CUSO To Enhance Value, 'Stickiness' Of League Membership.(credit union service organization)
September 3, 2007... LITTLE ROCK, Ark. -- With many credit union leagues struggling with affiliation, one league is hoping that by creating its own CUSO it will add more value to the credit unions it serves. "When our board had its planning session last year,...

Scammers Resort To Low-Tech 'Vishing' Attack On Two CUs.(First Technology Credit Union, Northeast Credit Union)
September 3, 2007... BEAVERTON, Ore. -- Members of two credit unions on opposite ends of the continent have been receiving automated calls with a similar pitch-access to their accounts has expired and they must call a toll-free number to "reactivate." The...

Widespread Scam Hits New Hampshire.(Brief article)
September 3, 2007... PORTSMOUTH, N.H. -- One week before the vishing attempt in Oregon, residents of New Hampshire began receiving telephone calls purportedly from Northeast CU on Aug. 13. Peter Kavalauskas, the credit union's CEO, said he received a call at his...

Federation Celebrates 7th CDCU Institute Class.(National Federation of Community Development Credit Union)
September 3, 2007... MADISON, Wis. -- The seventh class of students has graduated from the National Federation of Community Development CUs (Federation) CDCU Institute. More than 50 students attended the full week-long session, representing 33 CUs. Students...

STATE STAT-SHOT.(Statistical data)
September 3, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. KANSAS Number of credit...

Worth Noting.(Credit Union Pledge $50K For Relief Efforts)(Missouri's credit unions Operates Under New field-of-membership Law )
September 3, 2007... CUs Pledge $50K For Relief Efforts MADISON, Wis.-Following a mid-August earthquake in coastal Peru, credit unions and individuals have pledged $50,000 for relief efforts. The earthquake killed more than 500 peple and destroyed more than...

How 1 CU Achieved 697% ROI With Its 6-Minute Loan Guarantee Program.(Pacific Service Credit Union )
September 3, 2007... WALNUT CREEK, Calif. -- Pacific Service Credit Union put its reputation for efficiency on the line with a "six-minute guarantee" on loan approvals. Though the CU did have to make good on its guarantee-having to pay off just twice in 50...

Tap The Equity In Your Vacation.(loan program by Pacific Service Credit Union )
September 3, 2007... WALNUT CREEK, Calif. -- In response to numerous requests from its members, Pacific Service Credit Union recently unveiled new home equity loan products, which are secured by vacation homes or rental property. The loans are capped at 70% of...

Now In The Market.(Financial Service Centers Cooperative Inc. to share facilities with American Broadcast Employees Federal Credit Union)(PSCU Financial Services Inc. To Serve Generation Y)(USA Federal Credit Union added Digital Dialogue's automated lending system)
September 3, 2007... Automated Lending Aids Decisions AUBURN HILLS, Mich.-USA FCU has added Digital Dialogue's automated lending system that will help speed up loan decisions at the San Diego, Calif.-based $700-million credit union with 58,500 members. ...

Credit Unions In The Media.(school children's Safety education campaign by Desert Schools Federal Credit Union)(loan made by Local Government FCU in Raleigh, N.C., received coverage in the Sun Journal)(Daily News covered the opening of a branch of Credit Union Taranaki )
September 3, 2007... As part of its "Get Gephardt" consumer assistance feature, KUTV in Salt Lake City featured a member of Mountain America Credit Union who was unable to stop her account from being debited by a local distributor for Direct TV. Despite her...

CUNA Throws Support Behind Plan To Institute Private Insurance In Wash. State.(Credit Union National Association)
September 3, 2007... WASHINGTON -- CUNA President Dan Mica sent a letter to the Washington State Department of Financial Institutions expressing support for choice when it comes to private insurance versus federal insurance for state-chartered credit unions where...

White Hats Beware: It Only Takes One Crisis To Cause A Stain.(Editorial)
September 3, 2007... I got my start in this financial reporting business by covering one of the real positive feel-good stories of the 20th century: the savings and loan crisis. It was sort of like getting your dream job of covering the NFL as a beat reporter and...

Calendar.(Calendar)
September 3, 2007... SEPTEMBER Sept. 6-8 Pennsylvania CUA-Fall Leadership Conference, Seven Springs Mountain Resort, Champion, Penn. For info: Karen Ketterer, 800-832-0661, ext. 5237. Sept. 6-8 Texas CUL Leadership Conference & Expo, Marriott...

It Doesn't Take A Child Genius To Recognize Brands That Work.(Column)
September 3, 2007... I was running my weekend errands with my 3-year-old in tow. As we approached one of our usual haunts, my child pointed to the red bullseye on the side of the building and confidently looked up at me at said, "Mommy, that says Target." I...

SEG Marketing Is Alive, Well-And Thriving-In Baltimore.(Column)
September 3, 2007... With apologies to Mark Twain, "Reports of the death of SEG marketing are greatly exaggerated." There has recently been discussion in the credit union movement about our migration toward community marketing and away from SEG marketing. I...

Research: Marketing Without Research Becomes Stab In The Dark.
September 3, 2007... Ever wonder if anyone really sees those billboards? Are the right people really hearing the ads on what are supposedly the area's most popular radio stations? And if those potential members saw the TV ad, do they remember anything about it? Or...

CUJ EXIT Interview: Former Banker-Turned-CU-Executive Jim McKittrick Retires After 30 Years At The Helm Of Proponent FCU.(Interview)
September 3, 2007... NUTLEY, N.J. -- Jim McKittrick, long-time president of Proponent Federal Credit Union, retired Sept. 1 after more than 30 years of service. Succeeding him will be Proponent's executive vice president, Debi Van Dorn, another 30-year Proponent...

Credit Unions In The Media.
September 3, 2007... The NEWS LEADER in British Columbia, B.C. profiled the growth of Westminster Savings Credit Union, which has grown to $1.52 billion in assets, up from $1.31 million one year earlier. The story noted that CEO Barry Forbes credits staff for the...

Now In The Market.(Financial Management Solutions Inc. enter in partnership with Financial Service Centers Cooperative Inc.)(Fair Isaac Corp. to enter in partnership with NYCE Payments Network LLC)(TNB Card Services Signs Emory Federal Credit Union; North East Texas Credit Union)
September 3, 2007... FSCC Partners With FMSI ATLANTA-Financial Service Centers Cooperative Inc. (FSCC), has entered into a partnership with Atlanta-based Financial Management Solutions Inc. (FMSI) to offer its member CUs a suite of branch performance tools....

Smooth Hand Off: Instant Issue Can Be A Lifesaver In The Event Of A Data Breach.
September 3, 2007... ENGLEWOOD, Calif. -- It's no secret that instant issue of ATM and debit cards offers members one of the things they covet most: convenience. But in light of massive data breaches and large retailers such as TJ Maxx and even the Veterans...

When Success Becomes A Threat: How 1 CU Turned It Around.(Fresno County Federal Credit Union )
September 3, 2007... PASADENA, Calif. -- When dealing with ATM deposits becomes a full-time job-and for multiple employees-it's time to reevaluate the program. That's what Fresno County Federal Credit Union determined when the success of its ATM deposit...

What's In The Cards.(Scott Credit Union Opens Mobile Branch)(Bulk Check Automation Favored)(Credit Union 24 Signs 15 Credit Unions)
September 3, 2007... SCU Opens Mobile Branch BELLEVILLE, Ill.-Scott Credit Union has taken its show on the road with a new custom-built ATM trailer that will offer surcharge-free ATM usage at community events throughout the area. The trailer, built by...

CUs Continue Selling Off Cards.(Brief article)(Statistical data)
September 3, 2007... PETERBOROUGH, N.H. -- Two credit card portfolio advisers have released their separate analyses of credit card portfolio sales activity. According to Brookwood Capital's research on CU credit card portfolio sales activity for the first half...

FCCU Adds No Envelope ATMs.(Florida Commerce Credit Union)(NCR Corporation )(Brief article)
September 3, 2007... DAYTON, Ohio -- Florida Commerce Credit Union is expanding its use of "No Envelope" Deposit technology from NCR Corporation in Tallahassee, Fla. Florida Commerce has installed six units at customer locations, and has plans for further...

PSCU-FS Designs Gen Y Campaign.(PSCU Financial Services)(Brief article)
September 3, 2007... ST. PETERSBURG, Fla. -- PSCU Financial Services, the cards processor for more than 1,100 credit unions, said yesterday it has developed an educational program to advertise and market to so-called Generation Yers, those Americans between the...

DORT FCU Signs With Diebold.(Brief article)
September 3, 2007... FLINT, Mich. -- DORT FCU said it has signed with Diebold to implement the company's ImageWay Branch and ImageWay ATM systems to implement check imaging at its ATMs. The systems will allow the credit union to have image capture across...

Opportunities Abound.
September 3, 2007... DALLAS -- Credit unions may have a big opportunity ahead of them in their credit card portfolios as a result of subprime and housing market woes, but they will have to be very careful as they negotiate those troubled waters. "There's a...

Diebold Granted 5 U.S. Patents.(Brief article)
September 3, 2007... NORTH CANTON, Ohio -- Diebold was granted five U.S. patents that will allow consumers to use their cellphones to conduct ATM functions. The patents cover processes that will enable consumers to use their cellphones to locate and get...

PULSE Introduces PINless Pay.(PULSE EFT Association )(Brief article)
September 3, 2007... HOUSTON -- PULSE EFT Association is now offering lenders, utility companies and certain other billers a new payment option that allows consumers to automatically pay recurring bills using a debit card without entering their PIN. Recurring...

FSCC Partners Up With FMSI.
September 3, 2007... ATLANTA -- Financial Service Centers Cooperative, Inc. (FSCC), announced a strategic partnership with Atlanta-based Financial Management Solutions, Inc. (FMSI) to offer CUs a powerful suite of branch performance tools. The preferred...

PAYjr Teams With Serverside.(Brief article)
September 3, 2007... DALLAS, TEXAS -- PAYjr has joined together with global technology provider, Serverside Group, to offer teens a chance to design their own PAYjr Visa Buxx Card, a prepaid card for teenagers. Serverside's software enables teens to upload,...

CSCU Gives Back Last Year's Fees.(Card Services for Credit Unions )(Brief article)
September 3, 2007... CLEARWATER, Fla. -- Card Services for Credit Unions (CSCU) said it will return a cash patronage dividend to member credit unions equal to 100% of its membership fees from 2006. Credit union-owned CSCU has 3,200 member credit unions representing...

Why 1 CU Is Backing Program To Develop Female Leaders.(Direct Federal Credit Union)
September 3, 2007... NEEDHAM, Mass. -- As the "Young Women Leaders of Tomorrow" program enters its second year, it's adding nine more high schools-bringing the number of schools in the program to 31. Young Women Leaders of Tomorrow, a program of the Direct...

Smart Card Guide Targets Reluctant Members.(Smart Card Alliance Contactless Payments Council )(Brief article)
September 3, 2007... PRINCETON JUNCTION, N.J. -- Credit unions that have small business owners as members who are reluctant to expand into contactless payments can now point those members toward a new white paper that answers their questions. The Smart Card...

Teen Financial Literacy Is Focus Of Session.
September 3, 2007... BOISE, Idaho -- Teachers and credit union professionals gathered at four training sessions across Idaho as part of an effort to teach teachers how to teach teens about finances, and why such skills are important. LaRaye O'Brien from the Idaho...

People.(Connex Credit Union appointed Jack Criscuolo)(Charter Oak Federal Credit Union appointed Laurie Bouley Cormier)(East Coast Business Lenders appointed Kathie Stone )
September 3, 2007... Redwood Credit Union, Santa Rosa, Calif., elected to its board: Rod Dole, chair; Greg McGuirk, vice chair; Jim Olmsted, secretary; Robert Steele, treasurer; June Funk and Dave Imoto. Elected its supervisory committee: Lou Funk, chair; Steve...

Anonymous Grant To Fund IDA Pilot.(Brief article)
September 3, 2007... DES MOINES, Iowa -- A $425,000 grant from an anonymous donor will fund a pilot program to introduce Individual Development Accounts to Iowa credit unions. The fund will be used by the Iowa CU Foundation to help seven CUs enroll 186...

Cops Collar 'Tattoo Bandit'.(Marc Rzegocki arrested for robberies in credit unions)(Brief article)
September 3, 2007... PORTLAND, Ore. -- An ex-con on parole for a bank robbery sentence was arrested in connection with as many as eight credit union robberies in the past two months. Marc Rzegocki, 54, nicknamed "CU Tattoo" because of his heavily tattooed...

Patelco Helps Hurricane Victims.(Patelco Credit Union helps victims of Hurricane Dean.)(Brief article)
September 3, 2007... SAN FRANCISCO -- Patelco CU is offering free remittances on funds sent to Mexico through Sept. 30 to assist victims of Hurricane Dean. Patelco recently began offering a remittance program on which it typically charges a $7.50 flat fee per...

Four Plead Guilty in ATM Plot.(cases of robbery in ATM)(Brief article)
September 3, 2007... CLARKTON, N.C. -- The last of four suspects who used dynamite to access a North Carolina SECU ATM here last December-but failed to get at the cash-pleaded guilty to the failed robbery attempt. The group jammed dynamite into the door frame...

Suspect Pleads Guilty In AOL Scam.(cases of credit card fraud)(Brief article)
September 3, 2007... HARTFORD, Conn. -- A man who schemed to steal subscriber information from America Online members, then used the information to steal hundreds of thousands of dollars from bank and credit union accounts, pleaded guilty to conspiracy and identity...

READER RESOURCES.
September 3, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

Certificates Pitched As Way To Get Out Message On The CU Difference.
September 3, 2007... MADISON, Wis. -- A Green Bay Packers fan's passion for the game has led him to create a new way to reconnect with credit union members. Credit union consultant John Vardallas works with credit unions around the nation extolling his brand...

Piedmont Aviation CU Teller Credited With Saving More Than 20 Lives.(Dana Padgett saving peoples lives from fire)
September 3, 2007... WINSTON SALEM, N. C. -- Dana Padgett doesn't just talk about helping people. A teller with Piedmont Aviation Credit Union for the last year and a half, Padgett recently took the initiative to warn apartment residents of a fire resulting in...

Under The Microscope: Consolidating ID Management Will Help Banks Manage Security Ops.
September 3, 2007... LONDON -- Banks need to invest in consolidating identity management across the enterprise so end-users can have a single sign-on across all product systems, channels and locations in order to facilitate and simplify identity management. ...

Under The Microscope: Study Delves Into Characteristics Of Highly Successful CUs, How To Be One.(Brief article)
September 3, 2007... PHOENIX -- C. Myers corporation has released a white paper for credit union leaders focusing on redefining and managing success in light of a rapidly changing world. The company said the purpose of the white paper is to share the...

Valley Bell Offers Rebates For Green Auto Loans.(Valley Bell credit union)(Brief article)
September 3, 2007... ELGIN, Ill. -- Valley Bell CU is partnering with the state Treasurer's office to encourage green auto lending. Under the "Green Rewards Program," members who finance a new hybrid, electric or fuel cell vehicle purchase through the credit union...

Marine CU Offers No-Interest Flood Loans.(Marine credit unions)(Brief article)
September 3, 2007... FOND du LAC, Wis. -- Marine CU has made $1 million in no-interest loans available for victims of the recent flooding who need help with clean-up, supplies, temporary housing or day-to-day needs. Funds will be distributed on a first come basis...

Long-Time Michigan CU Figure Chuck Kolin Passes.(Charles (Chuck) Kolin)(Obituary)(Brief article)
September 3, 2007... FLINT, Mich. -- Charles (Chuck) Kolin, retired CEO of Elga CU and former chairman of the Michigan CU League, died Aug. 24 at 76. Kolin began his credit union career as a volunteer with Elga CU in 1960 and was named CEO of the credit union in...

Maine CUs Hit the Small Screens In Statewide Ad.(Brief article)
September 3, 2007... AUGUSTA, Maine -- A statewide credit union marketing campaign returned to Maine's television stations this morning in all three major markets: Bangor, Portland and Presque Isle. Nearly 4,000 commercials sporting the "I Save" tag will air...

Veridian CU Funds $35K In Financial Lit. Programs.(Veridian credit union)(Brief article)
September 3, 2007... WATERLOO, Iowa -- Veridian CU has awarded $35,000 to help fund five financial education programs. The grants will fund: "Operation Threshold" to teach homeownership in Waterloo; Junior Achievement's "Our Region" financial literacy program;...

DuPont Community CU Fights Phishing Attack.(Brief article)
September 3, 2007... STAUNTON, Va. -- Members of DuPont Community CU were being warned to ignore an e-mail that invites them to share their account information. The phishing attempt reads, "Dear DuPont Community C.U. Cardholder, You have 1 new Security Message...

Meeting Members Halfway.(Franklin Mint credit union)(Brief article)
September 3, 2007... BROOMALL, Penn. -- Franklin Mint FCU here meets with its members who are past due on mortgages or home equity loans. If the member indicates he or she is having a payment shock issue with another lender, the credit union turns over the file to...

An Unprecedented Situation Puts Cards-Not Homes-First.(people giving priority to credit cards)(Brief article)
September 3, 2007... COLORADO SPRINGS, Colo -- Ent FCU sold its credit card portfolio several years ago, but SVP-Chief Lending Officer Bill Vogeney said there's "a sense" consumers will tap their credit cards to keep their mortgages afloat. He said the number of...

The Sounds Of Silence.(comparison between credit unions and banks)(Brief article)
September 3, 2007... COLORADO SPRINGS, Colo. -- What are credit unions in some markets hearing and seeing from competing banks in response to the mortgage market slowdown? Not much, according to one CU here. "We haven't heard 'boo' from the banks," said Bill...

Surprise At Home: CDCUs Report Coverage Of Subprime Mortgage Problems Has Led To More Inquiries.(community development credit union)
September 3, 2007... NEW YORK -- Community development CUs say they share the nation's concerns about problems in subprime mortgages and the resulting tighter credit, but tell CU Journal that it's too early to predict how it will affect their financial offerings...

CUJ Q&A: Where Wescom CU, Which Has Aggressively Build Mortgage Business, Sees New Opportunities.(Jane Wood)(Interview)
September 3, 2007... The $3.9-billion Wescom Credit Union CU West Mortgage, a full-service retail mortgage CUSO, and merged it with CUSO Mortgage, which Wescom acquired in 2006. Jane Wood, Wescom's executive vice president and chief operating officer, shared the CU...

Regulator Disclosure Reviewed.(law for financial disclosure of credit unions)(Brief article)
September 3, 2007... DENVER -- Colorado's state lawmakers plan to review a law the prohibits state regulators from disclosing the financial situation of credit unions placed in conservatorship after such a move against Norlarco Credit Union resulted in protests and...

DSECU Gets New Name: Education First CU.(Downriver School Employees Credit Union)(Brief article)
September 3, 2007... SOUTHGATE, Mich. -- On Oct. 1, the name "Education First Credit Union" will debut, replacing the name "Downriver School Employees Credit Union." Education First CU will feature new member services, and an expansion project that will extend...

RSA Reports Increase In 'Man-In-Middle' Attacks.(Brief article)
September 3, 2007... BEDFORD, Mass. -- The RSA Anti-Fraud Command Center (AFCC) is reporting what it calls an "interesting" development in the underground community of fraudsters who create "phishing kits." The AFCC, which is a 24x7 "war room" that seeks to...

Check Kiter Gets 29- Month Prison Sentence.
September 3, 2007... PORTLAND, Ore. -- York County woman was sentenced to 29 months in prison for a sophisticated check kiting scheme that drained more than $45,000 from area credit unions and banks. Twenty-eight-year-old Cori Godin pleaded guilty to using...

Member Busted for Trying To Pass Fake Check.(cases of conterfeit checks)(Brief article)
September 3, 2007... HEMPSTEAD, N.Y. -- A member of Bethpage FCU was arrested while trying to cash a counterfeit $25,000 check after the branch manager recognized her from a previous bid to pass phony checks. Police said Antoinette Green, 24, tried to cash...

Corrections & Clarifications.
September 3, 2007... * Froid (Montana) FCU's phone number was misprinted in the Credit Union Journal Factbook & Buyer's Guide. It should be 406-766-2350. * The website of Freedom First Credit Union, Roanoke, Va., was misprinted in the Credit Union Journal...

NCUA Weighs Florida Land Mess That Bankrupted 3 CUs.(National Credit Union Administration)
September 10, 2007... FT. MYERS, Fla. -- Foreclosures in two local real estate developments continued to soar last month, complicating the resolution of three failed credit unions, as well dozens more that participated in loan pools related to the projects. ...

Nevada Unveils Membership Awareness Television Spots.(Nevada Federal Credit Union)(Brief article)
September 10, 2007... LAS VEGAS -- In an effort to increase its awareness with the public in this rapidly growing city, Nevada Federal Credit Union recently launched a multi-media campaign that includes television commercials. Denise Scherschel, communications...

Got Youth?: 30 Under 30 Group Expects Flood Of Interest As Application Process Opens.
September 10, 2007... MADISON, Wis. -- The oft-lamented lack of awareness of credit unions by young people is the target of the latest initiative from the Filene Research Institute-known as the "30 Under 30" Group. George Hofheimer, Filene Research Institute...

Texans CU Is Facing A Lawsuit Filed By Its Former Executives.
September 10, 2007... RICHARDSON, Texas -- A lawsuit filed against Texans Credit Union by three former executives of its CUSO claiming wrongful termination and seeking damages alleges that the credit union also investigated converting to a bank charter in mid-2006....

Proposed Changes To Reg Z Could Hurt CU Loans.
September 10, 2007... FORT LAUDERDALE, Fla. -- Credit union open-ended loan programs could take a hit if the Federal Reserve Board's proposed changes to Regulation Z take hold. Regulation Z-also known as the Truth in Lending Act-defines open-end credit with the...

On Deadline.
September 10, 2007... Suspect Caught in Notre Dame FCU Phishing Scam NOTRE DAME, Ind.-A suspect was arrested in a phishing scam that hit Notre Dame FCU over Labor Day weekend and drained funds from as many as 60 members. The suspect was captured near an ATM in...

Bellco Ads: Disappointing & Dirty Or Bold & Daring?
September 10, 2007... DENVER -- Is one credit union playing it dirty with its newest advertising campaign? Or is all fair in the name of friendly competition? It's a question Credit Union Journal asked leaders in the CU industry in response to Bellco Credit...

CU Loan Quality Remains High Despite Market Problems.(Brief article)
September 10, 2007... MADISON, Wis. -- Credit union loan quality remains extremely high in spite of problems in the overall credit and mortgage markets, according to analysis of July 2007 data released by CUNA. The trade group's Economics and Research Department...

Worth Noting.(briefs)
September 10, 2007... CenCorp To Waive Fees In November SOUTHFIELD, Mich.-The $3-billion Central Corporate Credit Union said it will waive all processing fees incurred by members during November as a way of paying a special patronage dividend. The corporate is...

CURIA COUNTER 124.
September 10, 2007... At press time, the number of co-sponsors on the CURIA bill. 217 are needed to have a majority. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

APGFCU Alters Rewards Plan To Reward Members For Participation In Credit Union.(Aberdeen Proving Ground Federal Credit Union )
September 10, 2007... ABDEREEN, Md. -- No sticks. Carrots only. Aberdeen Proving Ground Federal Credit Union believes it has found a way to reward members while leaving the stick outside. Traditional rewards programs have been modeled after the airline...

ECU Pays Pre-Merger Dividend.(Excelsior Credit Union)(Brief article)
September 10, 2007... ALBANY, N.Y. -- As its final act before being absorbed in a merger by Capital Communications FCU, the $82-million Excelsior CCU said it will pay a bonus dividend and a refund to those who were members ECU prior to the merger. The $750,000...

CU Promotes Jumbo Mortgages.(Mid-Atlantic FCU)(Brief article)
September 10, 2007... GERMANTOWN, Md. -- The $200-million Mid-Atlantic FCU has issued a statement reinforcing that it not only continues to offer mortgage financing, it is doing jumbo loans at a time others are pulling back. The credit union noted that many members...

Now In The Market.(Triton donates an ATM to Keesler FCU)(Simpler-Webb Inc.s partnership with EVault, Inc. for data protection)(Marion And Polk Schools Credit Unions contract for providing credit and debit services)
September 10, 2007... Triton Donates ATM To Keesler LONG BEACH, Miss.-In observance of the second anniversary of Hurricane Katrina, Mississippi-based ATM manufacturer Triton donated an ATM to Keesler FCU as a symbol of the company's commitment to the rebuilding...

Does Membership Have Its Privileges? The Debate Rages On.(Viewpoint essay)
September 10, 2007... It is said that in polite company there are several things you don't bring up at dinner, chiefly politics and religion. If it's a dinner of credit union folks there's a third topic that comes around about as often and dependably as the meter...

Calendar.(Calendar)
September 10, 2007... SEPTEMBER Sept. 11-14 Washington CU League Annual Meeting & Convention, Spokane Center. For info: Nancy Pullen, 206-340-4822. Sept. 13-15 Indiana CUL Annual Meeting, Indiana Convention Center, Indianapolis. For info:...