More New CEOs Take The Helm
ARLINGTON, Texas-After 36 years at $72-million Arlington FCU, Patricia Mott said she will retire effective March 31. Jim Merritt has been named interim CEO while a permanent CEO is sought. During her career Mott has been active in both credit union and community causes. In Tallahassee, Fla., TMH FCU announced that Timothy Cook, its senior vice president, has been promoted to president and CEO of the $50-million credit union. Cook, who formerly served as CEO of nearby SCORE FCU, will succeed Marion McCaskey, who is retiring. In Wichita, Kan. Catholic Family FCU has named Michael Taylor as its new president. Taylor was previously with The Catholic Credit Union in Denver.
Schroeder Named Unsung Hero
VENTURA, Calif.-Joe Schroeder, CEO of Ventura County Credit Union, has been presented with the Unsung Hero Award by the California and Nevada CU Leagues. The award honors deserving individuals within CUs with at least 20 years of service who also have made significant contributions in the community. Schroeder was selected for his CU leadership experience, including serving as president and CEO at three of Southern California's largest CUs, and for work in state, national and international CU associations and for work in his community.
Alabama CU Reaches Milestone
TUSCALOOSA, Alabama-Milestone Credit Union, chartered as Birmingham Post Office CU and the oldest credit union in the state, has merged into $550-million Alabama Credit Union. The combined institutions will serve 54,000 members.
UFCU Donates $105K To Expo
BERRIEN SPRINGS, Mich.-The Berrien County Youth Fair Association's $17-million Expo Arena project has received a gift of $105,000 from United FCU to sponsor one of 18 classroom/skyboxes that will overlook the arena floor from the mezzanine level.
Hanscom Pays Special Dividend
HANSCOM AFB, Mass.-Hanscom FCU has paid a 1% Loyalty Dividend on dividends earned and most consumer loan finance charges paid in 2012, the 16th consecutive year it has done so.
NCP Placed In Conservatorship
ALEXANDRIA, Va.-NCUA has placed into conservatorship NCP Community Development FCU in Norfolk, Va. The agency said it is working to resolve safety and soundness issues at the $2-million NCPCDFCU, which has 709 members.
Doin' It Right? Enter Here
MADISON, Wis.-The Credit Union Executives Society and Michael Neill & Associates, Inc., Atlanta, have announced a contest designed to bring attention to CU employees who are "Doin' it Right"-offering outstanding service to every member at every touch point. The winner will receive a $1,000 cash prize. The contest requires CU staff to submit a video of employees "Doin' it Right" while serving members. Deadline is March 15. For info: www.facebook.com/CUESServiStar.
500 Posts Already On Site
BISMARCK, N.D.-The Credit Union Association of the Dakotas said that less than two months after its launch, the website, CU Social Good has already passed an important threshold: it has more than 500 stories posted about things CUs do in their communities. "These stories are all about credit unions' charitable contributions, volunteer work, fundraising activities, financial literacy efforts, scholarships, and more," the CUAD said. For info: www.socialgood.com.
More Mergers Are Announced
GREENVILLE, Mich.-The $51-million Preferred FCU here and $88-million Grand Valley Co-op CU are merging. Grand Valley Co-op will be the surviving charter, but the combined CU will carry the Preferred FCU name. In Houston, First Service CU is absorbing via merger the $121-million El Paso Corporation FCU, creating a $450-million institution. And in Ukiah, Calif., $130-million Mendo Lake CU is absorbing $33-million Fort Bragg Community FCU.
Brandsma Named Leader of Year
TACOMA, Wash.-Sound Credit Union President and CEO Richard Brandsma is being recognized as the Business Leader of the Year from the University of Washington Tacoma's Milgard School of Business. The award will be presented at a dinner on April 30 at the Greater Tacoma Convention & Trade Center. Brandsma joined Sound CU (formerly Tacoma Telco FCU) as CEO in 1998, overseeing growth from $189 million in assets to more than $1 billion.
