CU Assets Up Around Globe
MADISON, Wis.-Credit unions in nearly all regions of the world saw an increase in member savings and loan activity during 2009, according to World Council of Credit Unions' (WOCCU) newly released 2009 Statistical Report. Total savings for all responding CUs reached more than $1.1 trillion, the highest ever recorded in the survey and a 15% increase over 2008. Loans increased to $912 billion. Cumulative assets reached nearly $1.4 trillion in 2009, with total reserves at $120 billion. For info: www.woccu.org.
Hash Receives Hall of Fame Award
COLUMBIA, Md.-The Maryland and DC Credit Union Association honored Bert Hash, president/CEO of MECU of Baltimore and outgoing MDDCCUA Chairman, with its Wright Patman Hall of Fame Award, for his contributions. Hash has more than 40 years experience in financial services, and has served in multiple volunteer roles within CUs. Separately the MDDCCUA presented its Christine DeWitt Memorial Award for Excellence in Marketing, Best of Show Award to District Government Employees FCU for the second year in a row.
CU Seeking Funds For Victims
DEL RIO, Texas-Border FCU is appealing for donations to help victims in Mexico of flooding from Hurricane Alex. Monetary contributions may be sent to: Account #569490-12, Border FCU, Border Disaster Relief Fund, P. O. Box 420728, Del Rio, TX 78842-0728
Texas, Brazil Enter Into Partnership
FARMERS BRANCH, Texas-As part of the World Council of CUs' "People to People" program, the Texas CU League and Brazil's Confederação Interestadual das Cooperativas Ligadas ao SICREDI have signed a partnership agreement. The TCUL also maintains a partnership with the Jamaica league.
VITA Participants Discuss Results
NAPERVILLE, Ill.-Participating CUs in Illinois' REAL Solutions met here to discuss experiences ith the Volunteer Income Tax Assistance (VITA) program, and other initiatives, including a homeowner counseling program. During the 2010 tax season, 10 CUs worked as VITA sites throughout the state. During the tax seasion, some 1,397 people signed up to be members at the VITA sites.
Sandy Watts Retires From ACUL
PHOENIX-Sandy Watts, Director of Community Outreach with the Arizona Credit Union League, has retired after 32 years with the association. Watts said she intends to remain active in some credit union-related organizations following her retirement.
Former CU Planning IPO
PLANO, Texas-SP Bancorp Inc., a proposed holding company of SharePlus Federal Bank, has announced plans to raise up to $19.8 million in an initial public offering of common stock as it converts from a mutual-holding company. SharePlus FB is the former SharePlus FCU, founded in 1958 to serve employees of Frito-Lay, Inc. In its filing with the SEC SharePlus said it plans to sell up to two million shares at $10 each, with customers of the savings bank getting the first opportunity to purchase between 25 and 25,000 shares. The $200-million bank posted a loss of $136,000 in Q1.
10 Items Every Board Should Know
BIRMINGHAM, Ala.-Dollar Associates will host a webinar on the Top 10 Items Every Credit Union Board Should Monitor in 2010 on July 28 from 3 p.m. to 4:15 p.m. It will be presented by former NCUA Chairman Dennis Dollar. Cost is $195.
For info: www.dollarassociates.com.
NACUSAC Recognizes Two With Honor
DEL MAR, Calif.-The National Association of Credit Union Supervisory and Auditing Committees (NACUSAC) presented Evans Harrell, supervisory committee chair and board member of LGE Community CU in Georgia with its 2010 Golden Service Award. NACUSAC also presented to Crowe Horwath LLP its 2010 Associate Member of the Year.
PSCU Named Top Workplace
WALNUT CREEK, Calif.-Pacific Service Credit Union has been named a 2010 Top Workplace by Bay Area News Group. PSCU was ranked 12th among the 35 Top Small WorkPlaces and was the only financial institution on the list. Criteria considered for the award are direction/leadership, execution, career development, workplace conditions, and pay and benefits.
CEOs Announce Retirement Plans
ROCKY HILL, Conn.-Loren Dickinson, CEO of Nutmeg State FCU, has announced plans to retire in October. Dickinson, who joined the CU in 1987, oversaw growth to $343-million in assets from $107 million in assets. In Stamford, Conn., meanwhile, Raymond Dowling, president of Stamford FCU has retired. During Mr. Dowling's 34-year career in CUs he ran three corporate CUs and two natural-person CUs, taking over what was then Stamford Municipal Employees FCU in 1996.