Credit Union Journal back issues from January 2007:
More Than 500 Issues & One Big Thank You.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- The Credit Union Journal is celebrating its 10th birthday! Launched at a time when the credit union community had its back to the wall thanks to bank-filed lawsuits, threats in state legislatures and Congress, and bans for many CUs on adding new members, ...
On Deadline.(American Airlines Employees Federal Credit Union declared dividend)(Arrowhead Credit Union partners with Inland Empire African American Chamber of Commerce )(Sierra Pacific Credit Union declared dividend)
Jan 08, 2007 ... NCUA Clears Counseling For Non-Members ALEXANDRIA, Va.-NCUA ruled that federal CUs may provide housing counseling services to non-members under the National CU Foundation's grant program. In a legal opinion issued last week, NCUA said FCUs are allowed to provide ...
Low Income Vs. Modest Means: Paper Says Difference Matters.(National Federation of Community Development Credit Unions)
Jan 08, 2007; ... WASHINGTON -- NCUA is being strongly urged by one group to understand that "low-income" and "modest means" are not interchangeable terms. The difference should not be downplayed, according to the National Federation of Community Development Credit Unions, which has ...
Balance Sheet Control: Economic Challenges Mean CUs Must Adopt New Loan, Investment Strategies.(credit unions)
Jan 08, 2007; ... PLANO, Texas -- This year, credit unions should resolve to take control of their balance sheets-they're going to have to, in order to cope with a challenging environment, several experts said. "A lot of credit unions don't think they have a lot of control over the balance ...
Members At Lafayette FCU Cry Foul Over Conversion Vote.(Lafayette Federal Credit Union)
Jan 08, 2007; ... KENSINGTON, Md. -- Members of Lafayette FCU alleged improprieties in the vote to convert the credit union to a bank and called on NCUA last week to invalidate the ballot, which passed by a razor-thin margin of just 18 votes out of almost 5,100 cast. "There are a ton of ...
SAVE THE DATE!
Jan 08, 2007 ... Looking to grow your membership? The Credit Union Journal's Business Development & SEG Conference is back for 2007 and will be held April 12-14 at the Hyatt ...
Opposition Group Consolidates Candidates For Upcoming Board Election At DFCU.
Jan 08, 2007; ... DEARBORN, Mich. -- With no decision in sight from the judge on members' lawsuit against DFCU Financial, the members' group formed to oppose the CU's attempted conversion is trying to consolidate support for three of its candidates in the upcoming board election. DFCU Owners ...
Wealth-Building Program To Expand Into 15 Additional States.(National Credit Union Foundation)
Jan 08, 2007; ... WASHINGTON -- As the National Credit Union Foundation officially takes the reins of REAL Solutions from the Filene Research Institute, league officials in 12 states have confirmed that they will participate. "We are growing faster than our expectations," Lois Kitsch, REAL ...
Website 'Spanks' Banks, But Who's Behind The Clever Videos?(www.bankerspank.com)(Brief article)
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- A website featuring several videos that take a playful jab at the banking industry's perceived greed and self-interest is up and running at www.bankerspank.com. But who's behind the website and the videos had not been determined as the Credit Union ...
State Stat-Shot.
Jan 08, 2007 ... DELAWARE Beginning in this issue and running throughout 2007, the Credit Union Journal will profile the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states will be featured in the order they became states, beginning with the first U.S ....
Worth Noting.(Association of Corporate Credit Unions appointed Brad L. Miller as a Executive Director)(USA Credit Union appointed Mary McDonald as a chief executive officer)(Health savings accounts law)
Jan 08, 2007 ... Miller Named To Head Up ACCU WASHINGTON-Brad L. Miller has been named Executive Director of the Association of Corporate Credit Unions (ACCU). Miller, currently president of Treasure State Corporate Credit Union in Helena, Mont., will assume his new role at ACCU this month. He ...
How MECECU Used CU Difference To Make A Difference On Its Bottom Line.(Missouri Electric Co-op Employees Credit Union)
Jan 08, 2007; ... JEFFERSON CITY, Mo. -- Missouri Electric Co-op Employees CU has taken the old saw of "the credit union difference" and turned it into a viable, profitable value proposition. The proof: MECE CU took the top spot in the $50 to $100-million asset category in Callahan & Associates' ...
Credit Journal Leader Board: Profiles Of Peer Group Leaders.(Brief article)(Company rankings)
Jan 08, 2007 ... CU: Missouri Electric Co-op Employees Founded: 1975 Membership: 6,510 Assets: $61 million Callahan Return To Member Rankings $50M-$100M In Assets, Second Quarter <Pre> Rank Credit Union ROM 1 MECU ...
Now In The Market.(contracts)
Jan 08, 2007 ... PSCU Selects TriCipher SAN MATEO, Calif.-TriCipher, Inc. and PSCU Financial Services announced they have entered into an agreement to deploy theTriCipher Armored Credential System solution (TACS) as part of its InfoLinkPlus service. TACS provides consumers digital identity ...
Promoting Financial Ed To Hispanic Market-Sounds Like A Job For Capt. Super Saver.(PrimeWay Financial Credit Unions )
Jan 08, 2007; ... HOUSTON -- In a unique approach to preach financial education to the area's Hispanic market, PrimeWay FCU debuted its newest superhero during a professional soccer game here recently. The bilingual Captain Super Saver-a.k.a. Rodney James, business partner specialist at PFCU-wore ...
The Credit Union Journal: How We Got Here And Where We Are Planning To Go.(Company overview)
Jan 08, 2007; ... Some ten years ago we were perhaps a bit audacious in this space in comparing the launch of this brand new publication, The Credit Union Journal, by making a reference to 19th century credit union pioneer Fredrick Raiffeisen. Call it a stretch goal, one the Credit Union Journal continues ...
Birthday Gifts For Our Readers.(Brief article)
Jan 08, 2007 ... To mark our 10th Anniversary, we have several very special offers for readers. First, the Credit Union Journal has partnered with iS3, creators of the highly effective ANTIfraud software, to allow credit unions to offer this potent tool to their members-for free! Members, like ...
Calendar.(Calendar)
Jan 08, 2007 ... JANUARY Jan 14-17 Midwest Management Issues Conference sponsored by the Minnesota, Iowa, Ohio, Missouri, Michigan, Illinois, and Wisconsin leagues. Omni Austin Downtown, Austin, Texas. For info: Ann Jones (Michigan CUL), 800-262-6285. Jan 17-20 ...
Former Nationwide FCU (Now Bank) CEO Shares Thoughts What Her Plans Are Now.(talks with chief executive officer Paula Edwards)(Interview)
Jan 08, 2007; ... COLUMBUS, Ohio -- The direct merger of Nationwide FCU and Nationwide Bank has been completed and the payout of some $79 million will be deposited into member accounts on Jan. 8. Members will receive 15.26% of their total deposit account balances as of March 31, 2006 in one lump ...
About This Special Report.(Editorial)
Jan 08, 2007 ... Beginning on this page, we begin the first of a two-part series in which the Credit Union Journal looks back at each of the past 10 years that this newspaper has served the credit union community. We remember the highlights, wince at some of the lowlights, and recall many of the moments in ...
A Year That Changed The Credit Union Community Forever.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- The Credit Union Journal picked a heck of a year to debut, as 1997 was the year that changed the credit union community forever. After decades of assuming the "white hat" was all that was needed in Washington, credit unions found their hat being handed ...
Putting In Their Two Cents' Worth, And A Whole Lot More.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- If 1997 and 1998 proved nothing else it was that credit unions do their best creative work when their backs are against the wall. The victories by the banking industry in the court systems and the resulting limits on FOM expansion-and threats to FOM ...
CUJ's First Cover Puts The Sea In CEO.
Jan 08, 2007; ... HOLLYWOOD, Calif. -- What was Chuck Bruen, CEO of First Entertainment Credit Union, thinking when he agreed to put on a suit, then roll up his pant legs and wade into the Pacific Ocean holding a laptop computer for a photo that appeared on the cover of the very first issue of The Credit ...
1997 Quote Unquote.(Quotation)(Brief article)
Jan 08, 2007 ... Congress isn't just clueless. They are dynamically and robustly anti-clueful. A lot of Congress wants to fix a problem they are unsure of. -John Perry Barlow Sure I advocate credit unionism. There's absolutely nothing wrong with that. -Norm D'Amours ...
1997's Nominees For The Barney Fife Award.(Brief article)
Jan 08, 2007 ... In Houston, a robbery at Greater Houston FCU was thwarted when federal and local law enforcement agencies were attending a training session in the same building as the credit union. At Ft. Belvoir FCU, a man who allegedly robbed the credit union returned a month later to wire the money to ...
What Does 2017 Hold In Store For Credit Unions? Two Predictions Offered.(Brief article)
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- For its 10th anniversary issue, The Credit Union Journal asked credit union leaders for their predictions for the credit union landscape in another 10 years. Here are two views for what 2017 holds: For trade associations, corporate credit unions and ...
Other Notes From 1997.
Jan 08, 2007 ... Call centers emerge as more members are willing to do business via the phone, or automated phone system * The California banker's legal challenge to NCUA's chartering authority is assigned to same judge who previously called NCUA a "rogue" federal agency * Ed Baranowski, CEO of Fairwinds ...
In 1998, There Was Only One Story That Really Mattered To Credit Unions.
Jan 08, 2007 ... WASHINGTON -- The landslide vote in Congress in favor of the Credit Union Membership Access Act would suggest to outsiders the bill was a slam-dunk. For credit unions, however, the bill's passage came only after the movement was slammed and dunked in the court system at both the state and ...
Nine Other Events Also Worth Noting.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- The Top 10 stories of 1998 could well all be related to one thing: getting the Credit Union Membership Access Act passed by Congress. Instead, the Editors of The Credit Union Journal have named that story as the No. 1 story of the year, and then broken ...
1998 Quote Unquote.(Quotation)
Jan 08, 2007 ... Our view is that what the bankers want is what they have asked for in court, and that is that members be thrown out. -Tim Pryor I would like to see all the walls of field of membership come down. -Chuck Bruen It's written in plain language. It's ...
More Than Congress In The News In 1998.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- In a year dominated by efforts to get legislation passed that would allow credit unions to expand to serve new groups, plenty of other news also happened. Below are some of the highlights from The Credit Union Journal's pages in 1998: * The CU Journal hosts a ...
Pierce Reflects On What It Was Like To Chair CUNA In Years After HR 1151.(Nancy Pierce)(Credit Union National Association)(Interview)
Jan 08, 2007; ... KANSAS CITY, Mo. -- In 1998, Nancy Pierce became only the second woman to serve as chair of CUNA Her inspiration, Janet Miller, served from 1989 to 1991. "In 1993, I ran for a position on the executive committee,'' Pierce recalled. "I started out in an at-large position and ...
Views on HR 1151.(Brief article)
Jan 08, 2007 ... When things settle down, people will discover that this legislation (HR 1151) is not ideal. -Nancy Pierce I think credit unions are more politically astute now and know what's ahead. They are more philosophically centered than they were. ...
The Big Theme In 1999: Getting Ready For The Year To Follow.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- Credit unions didn't really join the rest of the world in partying like it was 1999. That's because credit unions, like businesses around the world, were worried about bugs. In this case, the Y2K bug. Many were predicting if not a widescale meltdown of every system ...
The Race To Grow & Expand.(Credit Union Membership Access Act )(Brief article)
Jan 08, 2007 ... ALEXANDRIA, Va. -- Y2K wasn't the only thing on the minds of credit unions during 1999. NCUA's implementation of the Credit Union Membership Access Act was like removing the cap from a hot radiator as credit unions scrambled to file pent-up proposals for expansion. In the days ...
The Other Headlines From 1999 You May Not Recall.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- Remember these stories from the pages of The Credit Union Journal during 1999? * Debit cards begin to surge, with 30% of CUs offering debit cards, up from 8% just two years earlier * The Ohio Bankers Association forms what it calls the OBA Militia, but ...
1999 QUOTE UNQUOTE.(Quotation)
Jan 08, 2007 ... Pretty soon everything is going to be direct deposit. We are not going to invest in bricks and mortar. -Tommy Cobb When banks complain about credit unions they're really just licking self-inflicted wounds. -Sen. Christoher Dodd I'm not saying ...
1999's Nominees For Barney Fife Award.(Brief article)
Jan 08, 2007 ... * The wife of a Tulsa Police officer was accidentally shot while in her car and leaving FOP CU by another officer who mistook her for a suspect in a nearby robbery. * A man presented a check for $2,615,030 to Bell FCU, Omaha. The check was originally for $30. * A ...
Surprise! World Doesn't End On Jan. 1, 2000-And Other Top Developments.
Jan 08, 2007 ... WEST PALM BEACH, Fla.-The world didn't end. That may be 2000's lead story. Y2K came and passed and with just a scarce glitch or two. At NCUA, CUNA, NAFCU and CUNA Mutual, special teams met over the Y2K weekend, while many credit unions had teams on hand at their operations. For ...
Everything From 2000-Except For Y2K.
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- After the world didn't end with Y2K, credit unions moved on with plenty of newsworthy developments during 2000. Among them: * Two Indiana CUs were hit by pipe bombs * Security Service FCU, in a joint promotion, has its name printed on 1.25 million cans of Mountain ...
2000 Quote Unquote.(Quotation)(Brief article)
Jan 08, 2007 ... Often, what motivates people, is convenience rather than half a percentage point. -Tom Sargent The growth of the future is not in insured deposits but in other types of relationships. People want financial advisors. -Bob Dorsa It seems to me ...
2000's Nominees For Barney Fife Award.(Brief article)
Jan 08, 2007 ... * A man in Kentucky was arrested after robbing a local bank and then taking a cab to a hotel in Cincinnati, where he had the cabbie book him a room in his own name. * In Palmer, Alaska, thieves tried to pull an ATM out of the wall on four different occasions, each time returning ...
Congress Eyes New Sources of Affordable Housing Funds.
Jan 08, 2007 ... WASHINGTON -- One of the first acts of the House Financial Services Committee in the new Congress will be a renewed effort to set a new regulatory scheme for the secondary mortgage market, which will include a provision requiring Fannie Mae and Freddie Mac to set aside as much as $750 ...
Financial Services Panel Is Beginning To Takes Shape.(Brief article)
Jan 08, 2007 ... WASHINGTON -- The House Financial Services Committee, where almost all major legislation concerning credit unions begins, is expected to name the chairpersons of its five subcommittee next week, and all of them are considered strong credit union supporters. Two of the panels are ...
Agenda.(Calendar)
Jan 08, 2007 ... Events Jan. 11 - NCUA Risk mitigation summit, NCUA hosts this special event at the U.S. Chamber of Commerce in Washington. Featured topics include loan funding alternatives, risk management and asset securitization and sales. Meetings Feb. 24-28 - CUNA ...
People.(appointments at credit unions)(Brief article)
Jan 08, 2007 ... BrightStar Credit Union, Sunrise, Fla., announced that Dr. Dorothy Johnson received the Sojourner Truth Award from the National Association of Negro Business and Professional Women's Club, Inc. Educational Community Credit Union, Kalamazoo, Mich., promoted Terri Graham to human ...
CO-OP, CU Anytime Teaming Up.(CO-OP Financial Services contracts)(Brief article)
Jan 08, 2007 ... ONTARIO, Calif. -- CO-OP Financial Services has signed with CU Anytime to develop an ATM management service for credit unions. The joint venture, to be called CO-OP ATM Services LLC, will develop a variety of ATM management services, from managing cash carriers, to maintenance, ...
100K Cents For 100,000th Member.(Mario Garcia joins Texas Dow Employees Credit Union)(Brief article)
Jan 08, 2007 ... LAKE JACKSON, Texas -- TDECU, formerly Texas Dow Employees CU, celebrated its 100,000th member by giving him 100,000 pennies-$1,000. "This couldn't come at a better time-my girlfriend told me to join TDECU because of their great rates and benefits and she couldn't have been more ...
MECU Pays Members $4.25M.(Municipal Employees Credit Union of Baltimore Inc.)(Brief article)
Jan 08, 2007 ... BALTIMORE -- Municipal Employees CU of Baltimore paid its members a year-end dividend of $4.25 million-the 25th year in a row it returned funds to members. Loan interest rebates were deposited into members share accounts on Dec. 1, 2006 and the extraordinary dividends were ...
Wescom CU Offers Sunday Hours.(credit union)(Brief article)
Jan 08, 2007 ... PASADENA, Calif. -- Wescom CU is expanding its business hours to include Sunday hours. In addition, branches will be open until 7 p.m. on weekdays. Darren Williams, president of the $3.7-billion credit union, said expanded services to members was the most important factor in ...
Affordable Housing Project Piloted.(Brief article)
Jan 08, 2007 ... AHOSKIE, N.C. -- State Employees CU joined local school representatives to break ground on a 24-unit affordable housing project aimed at attracting more teachers to this low-income rural county in the northeastern corner of the state. The SECU Foundation, which is funded by ...
Correcting Record On Comments From Conversion Discussion.(Correction notice)
Jan 08, 2007 ... WEST PALM BEACH, Fla. -- In the Dec. 4 issue, The Credit Union Journal misquoted remarks made by Peter Duffy of Sandler O'Neil during a discussion on credit union charter conversions hosted by the American Enterprise Institute. The text of the question posed by Credit Union Journal ...
Now In The Market.(Branch Capture services)(Brief article)
Jan 08, 2007 ... Southwest Gains 100 Clients PLANO, Texas-The number of credit unions now using Branch Capture services provided by Southwest Corporate has topped 100 in less than two years, officials said Client Dallas Telco Credit Union officials are expecting savings of $20,000 to ...
CUs In Their Communities.(briefs)(Brief article)
Jan 08, 2007 ... * Champion Credit Union, Arden, N.C., named Cassidy Lamb winner of the credit union's coin sorting machine contest. * Nutmeg State FCU, Rocky Hill, Conn., was granted a community charter. * Pen Air Federal Credit Union, Pensacola, Fla., participated in the Leukemia ...
Lafayette FCU's Narrow Conversion Vote In Jeopardy.(Lafayette Federal Credit Union)
Jan 15, 2007; ... KENSINGTON, Md. -- The narrow vote to approve Lafayette FCU's conversion to a mutual savings bank appeared in jeopardy last week after the auditor of the ballot rescinded its certification of the vote-count, based on questions raised by members and NCUA. In a letter to the ...
Wescom CU Biz Unit Acquires Two Credit Card Portfolios.(CU Card Association)(Wescom Credit Union)(Bethpage Federal Credit Union)(Coastline Federal Credit Union)(Brief article)
Jan 15, 2007; ... PASADENA, Calif. -- CU Card Association, a division of Wescom Central Credit Union, in December purchased the credit card portfolios of two credit unions. Brad Wylie, vice president of CU Card Association, told the Credit Union Journal Wescom's goal is to give credit unions an ...
New Year's Resolution: Trim The Fat Off Your Expenses.
Jan 15, 2007; ... LANSING, Mich. -- In an effort to provide strategies to help you make this the most successful year at your credit union, the Credit Union Journal is launching its "7 in '07" series, chock full of great ideas to implement at your credit union. On tap: an analysis of everything ...
Give Lending A Hand: Analysts, CUs Share Strategies To Increase Lending, Including A Call To Take More Risk.
Jan 15, 2007; ... ELGIN, Ill. -- If credit unions have a New Year's resolution to boost their bottom lines over the next 12 months, experts say they can start by shaking their risk-averse nature when it comes to lending and vastly improving their marketing and communications efforts. In this ...
On Deadline.(Keesler Federal Credit Union declared dividend)(ESM-NS Federal Credit Union educated personal finance to school kids)(Sunshine State Credit Union's conversion to bank)
Jan 15, 2007 ... Sunshine State CU Votes To Convert To Bank Again TALLAHASEE, Fla.-Sunshine State Credit Union said its members voted to approve its plan to convert to a mutual bank. Michele Clarke VP of Marketing reported that during the special meeting held Jan. 9, a total of 4,078 votes were ...
SAVE THE DATE!
Jan 15, 2007 ... Looking to grow your membership? The Credit Union Journal's Business Development & SEG Conference is back for 2007 and will be held April 12-13 at the Hyatt ...
Desert Schools FCU Designs Account To Help Immigrants Have A Safe Place To Keep Money.(Desert Schools Federal Credit Union)
Jan 15, 2007 ... PHOENIX -- The largest credit union in Arizona is trying to send a message to immigrants: their money would be safer in a CU than cash stuffed in a mattress. Desert Schools Federal Credit Union will allow immigrants who have an unexpired Matricula Consular Identification Card ...
OCTFCU Reports $43M In HLPR.(Orange County Teachers Federal Credit Union)(Home Loan Payment Relief)(Brief article)
Jan 15, 2007 ... SANTA ANA, Calif. -- Orange County Teachers FCU is reporting it made $43 million in mortgage loans during its first year of participating in the Home Loan Payment Relief (HLPR) program aimed at getting limited-income borrowers into their first homes. The average single-family ...
What Are CUs Saying About 2007 Focus?
Jan 15, 2007 ... Cast your vote in the current poll at www.cujournal.com. CU JOURNAL ONLINE SURVEY For 2007, your CU's greatest focus will be on: <Pre> Branch initiatives 35% Online initiatives 19% SEG recruitment and penetration 46% CU JOURNAL ...
Regulators Warn Lenders Of Risk Layering At NCUA Summit.(National Credit Union Administration)(Conference news)
Jan 15, 2007; ... WASHINGTON -- Regulators warned credit unions and other lenders last week of loading on too much risk with exotic new loan products, a practice known as risk-layering. Federal Reserve Governor Susan Bies told attendees of NCUA's Risk Mitigation Summit that regulatory supervisors ...
Groups Seek DoD Clarification.(Department of Defense)(Credit Union National Association; National Association of Federal Credit Unions)(Brief article)
Jan 15, 2007 ... WASHINGTON -- The wording of provisions written by the Department of Defense (DoD) aimed at stemming the financial damage to soldiers who take out payday loans is worrisome to CUNA, NAFCU, bank lobbyists and payday lender representatives. While trying to shield soldiers from ...