CU House Seeking Nominations
WASHINGTON-Credit Union House is seeking nominations for its prestigious Hall of Leaders. Nominations are due by Feb. 17. For info: www.cuhouse.com.
Volunteer's 60 Years Honored
SAN ANTONIO, Texas-Firstmark CU here has honored James Muir, secretary/treasurer of the board, for 60 years of service. "It's an honor to work alongside Mr. Muir," said Board Chair Ronald Cordes. "He truly believes in the credit union philosophy, and that each of us has an opportunity to make a difference in the lives of others." Muir first joined the board in 1951.
Registration Opens For Meeting
MADISON, Wis.-The World Council of CUs has opened registration for its World CU Conference, July 15-18 in Gdaônsk, Poland. For info: www.LetsGdansk2012.org. Separately, WOCCU is seeking nominations for its 2012 Young Credit Union People scholarship program, open to those age 35 or younger. The scholarships will provide an all-expense-paid trips to the 2013 World Credit Union Conference in Ottawa, Ontario. For info: www.woccu.org/wycup.
Keynoters Named For CEO Meeting
WASHINGTON-Business authors John Spence and Brett King will be among the keynoters at NAFCU's CEOs and Senior Executives Conference, April 18-20, in Key West. For info: www.nafcu.org/ceos.
Prohibition Order Issued
ALEXANDRIA, Va.-NCUA has issued a prohibition order against Harold Wilkerson II, a former employee of Quest CU, Topeka, Kan., following his conviction on 21 counts of bank fraud. Wilkerson has been sentenced to two years in prison, and ordered to repay $4,200.
Mobile Branch Is Dispatched
PENSACOLA, Fla.-Pen Air FCU has dispatched its mobile service center to Birmingham, Ala. to help Secure First CU provide service to members following tornadoes that tore the roof from SFCU's offices. Pen-Air's mobile service center recently returned from duty assisting Community CU following an early 2011 natural disaster.
Golden 1 Is Highly Ranked
SACRAMENTO, Calif.-In the Prime Performance 2011 California Bank & Credit Union Survey, based on responses from 2,353 California customers/members of eight large institutions, The Golden 1 Credit Union received the highest score in 10 of the 15 categories, including Overall Experience, Overall Satisfaction with Service, Likely to Recommend, Effective at Meeting Your Financial Needs, and Doing What is in Your Best Interest.
North Island In A Turnaround
SAN DIEGO--North Island Credit Union is reporting a turnaround, posting 2011 year-end net income of $17.8 million. Its net worth is now "well-capitalized" at 7.3%. NICU, which is being operated by NCUA under a conservatorship, said its $4.2 million in core net income more than doubled 2011 projections, while loan loss provisions have also been reduced. The $1.1-billion NICU is being led by CEO John Tippets.
Golden Mirrors Call For Entries
MADISON, Wis.-CUES has announced its call for entries to its 2012 CUES Golden Mirror Awards for marketing. The early bird deadline for submissions is April 27, the final deadline is May 11. For info: www.cues.org.
Engagement Program Announced
MADISON, Wis.-Remote transaction technology applications will be the focus of the 2012 engagement programs sponsored by the Global Women's Leadership Network, a program of the World Council of Credit Unions. The first of this year's engagement programs will visit Ventura County CU and the farms and organizations whose laborers it serves through financial services delivered via handheld personal digital assistants (PDAs) to members where they work. The May 20-25 program, which will enable participants to examine the strategy and technology firsthand, costs $1,700 for network members and $2,000 for nonmembers. The second program will take place in Querétaro, Mexico, where the technology and delivery strategy were first developed. Participants will travel with credit union representatives deep into rural areas to see how members with no credit union access can successfully be served. The Nov. 5-10 program costs $1,800 for network members and $2,100 for nonmembers. For info: www.woccu.org.
Two CEOs Are Recognized
PENSACOLA, Fla.-Pen Air FCU CFO and Interim CEO, David Tuyo, has been named an IN Weekly Rising Star for 2012, which recommends commitment to the community. In Cincinnati, Steve Behler, CEO of Kemba CU, has been named to Cincinnati Magazine's list of the "Power 100."
ROYAL OAK, Mich.-Thomas Zamberlan, CEO of OUR Credit Union, has said he is retiring following a 46-year career in credit unions. Following work at other credit unions, Zamberlan joined OUR FCU in 1985 and was named CEO in 1999.
JACKSONVILLE, Fla. - The $125-million Coastline FCU has named John Clifford, formerly president of Bank of Fall River, Mass., as its new CEO.
AUSTIN, Texas--University FCU has purchased a 246,000-square-foot corporate office to serve as its new HQ. UFCU will occupy approximately 100,000 SF and lease out the remaining space.
WASHINGTON, D.C. - Basel III guidelines concerning financial institution capital levels may have been drafted in response to the negative impact large banks had on the global economic crisis, but credit unions and other financial cooperatives will likely be included in any resulting regulation, according to the World Council of Credit Unions, which has hosted a webinar on the issue. During the webinar, economist Glenn Westley, who has done significant work in the credit union and microfinance sectors, shared his insights into changes proposed by the Basel Committee on Banking Supervision, particularly as they relate to credit unions.
"Are credit union shares defined on the balance sheet as capital or as a liability?" Westley asked participants from seven countries who participated. "It depends on what you do with them."
"In general, Basel III narrows the definition of what's acceptable and calls for more and higher quality capital than Basel II," Westley noted.
An archived version of the presentation is available at www.woccu.org.
ALEXANDRIA, Va.-- After 18 years of service, CommonWealth One FCU President/CEO John Blair said he will retire in July. Blair was named CEO in 1994, and has overseen growth to $295 million in assets from $100 million. During his career he was very active in a number of CUSOs, a local CU managers roundtable, and more.
