AACUC Meeting Aug. 1-4
CHARLESTON, S.C.-The African-American Credit Union Coalition has set the dates for its Annual Conference. The group will meet Aug. 1-4 at the Charleston Marriott in South Carolina.
For info: www.aacuc.org.
Gov. Signs Deposit Bill
FEDERAL WAY, Wash.-Washington Gov. Christine Gregoire has signed Senate Bill 5913-known as the public funds bill-into law, which means that for the first time public entities can deposit funds in any credit union in Washington up to the federal insurance maximum of $250,000., Previously, state law allowed state-chartered CUs to be depositaries up to a maximum of $100,000. Other states considering doing the same include Ohio and Alabama.
PA Rep Wins Fin. Literacy Award
HARRISBURG, Penn.-State Rep. Mark Longietti (D-7) of Hermitage has been named the first Pennsylvania lawmaker to win the Desjardins Financial Literacy Award for State Lawmakers by CUNA. This award is given to one state lawmaker each year for leadership on behalf of youth financial literacy. Nominated by the Pennsylvania CU Association, Longietti was recognized for his work toward the advancement of financial education.
Convention Cities Get Props
WASHINGTON-CUNA and the National Journal Group have partnered to honor the Republican and Democratic National Conventions by restoring, refreshing and revitalizing therapeutic playgrounds at All Children's Hospital and Levine Children's Hospital in St. Petersburg, Fla., and Charlotte, N.C., respectively, where the parties' conventions will be held later this year. In the months leading up to the presidential nominations at the Conventions, CUs and National Journal will work to make much-needed improvements to outdoor play areas at each hospital.
SECU Absorbs AACEFCU
LINTHICUM, Md.-The $2.3-billion SECU, Maryland's largest state-chartered CU, is absorbing the $80-million Anne Arundel County Employees FCU in Annapolis, Md. via merger. In Salt Lake City, the $15.3-million Pocahy Family Credit Union has chosen to merge into the $3-billion Mountain America Credit Union.
$93K Bonus Distributed
PEABODY, Mass.-Luso American has distributed a bonus dividend to its members of $93,815. The dividend bonus is based on 25% of net income for the credit union in 2011 and calculated on share dividends earned through Dec. 31, 2011.
Mngmt School Registration Open
COLUMBIA, S.C.-Registration for the June 8-15, 2012 Southeast CUNA Management School has opened. The school is co-hosted at the University of Georgia in Athens by the associations representing Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia CUs.
For info: www.srcus.org.
CEO Wisell Retires, Chapin Succeeds
BRATTLEBORO, Vt.-Members 1st CU said Judith Wisell, its president for the past 10 years, has retired and will be succeeded by Richard Chapin as new head of the $11-million credit union. Chapin worked the past 14 years for nearby Chittendon Bank.
Movie Scene Filmed At CU
PONTIAC, Mich.-Kensington Valley Community CU, which is part of Affinity Group CU, was the site for the filming of Christmas Grace, a movie produced by Bright Horizon Pictures of Milford, Mich. The scene was filmed in the branch lobby. Employees appeared as extras and the drive-through operated as normal. Christmas Grace tells the story of two rival toy store owners competing for business over several Christmas seasons.
Two Credit Unions Name New CEOs
SEATTLE-Salal Credit Union has named Russell Rosendal as its new CEO. Rosendal was previously CFO, after having joined the credit union in 2008. Rosendal has more than 25 years' experience in the financial industry, having served as EVP/CFO at both Cascade Bank in Everett and Foundation Bank in Bellevue, then as VP for Washington Mutual before joining Salal CU. Meanwhile, Georgia Heritage FCU has named Dale Taratuta as president/CEO. Taratuta joined GHFCU in February 2010 as CFO and has more than 30 years experience in financial services.
Godlasky Appointed To BoardMADISON, Wis.-CUNA Mutual Group has appointed 31-year insurance executive Thomas C. Godlasky to its board. Godlasky most recently served as CEO of Aviva North America, where he had oversight for an operation exceeding $350 million in revenue and more than 5,000 employees.
