Lussier To Chair of NAFCU
ARLINGTON, Va.-Michael N. Lussier, president and CEO of Webster First FCU, Worcester, Mass., has been elected chair of NAFCU. Lussier has also served previously as vice chair of NAFCU and NAFCU Services Corp. Other NAFCU officers for 2010-2011 are: Vice Chair, Michael J. Parsons, president and CEO of First Source FCU in New Hartford, N.Y.; Treasurer, Ed Templeton, president and CEO, SRP FCU in North Augusta, S.C.; secretary, Shelley Clarke, Secretary, president and CEO of Goldenwest FCU in Ogden, Utah.
McNally To Step Down As CEO
SANTA CRUZ-Ginger McNally, CEO of Santa Cruz Community CU, said she will resign effective at the end of October in order to pursue a role in social and economic development.
White Paper On Loan Mods Released
MADISON, Wis.-The CUNA Lending Council has released a new white paper that examines loan modifications. Topics examined include reasons for a formal loan mod policy, procedures, the difference between documented hardship versus negative equity, tools and options, and more. The paper includes two case studies.
For info: www.cunacouncils.org.
Five Win Scholarships To Scotland
LAS VEGAS-The World Council of CUs (WOCCU) has awarded Young CU People Scholarships to five people, allowing them to attend the World CU Conference in Glasgow, Scotland in2011. Winners, posing with WOCCU CEO Pete Crear, far left, are: Scott Daukas of the U.S.; Carol Karugu of Kenya; Melia Keller of the U.S., Orla O'Shea of Ireland, and Christie-Anne Scott of Australia.
Great CU Contest Winners Named
WASHINGTON-NAFCU Services Corp. has named the winners of "The Great Credit Union Contest," which asked CU members to submit short written or video essays explaining why their CU is great. More than 1,000 entries were received from members of nearly 100 CUs. Grand prizes of a $500 Discover gift cards went to members of GFA FCU and COMSTAR FCU. Secondary prizes of $250 went to members of Robins FCU, Greater Metro FCU, Lafayett FCU, and NAPUS FCU.
Council Conferences Are Combined
MADISON, Wis.-The CUNA Operations, Sales & Service (OpSS) Council Conference & CUNA Technology Council Conference will be combined for the first time ever later this year and will meet Sept. 29-Oct. 2 at Caesars Palace in Las Vegas. All events will be open to attendees of either conference.
For info: www.cunacouncils.org.
Regulatory Alert On Home Equity Fraud
ALEXANDRIA, Va.-NCUA has issued a regulatory alert warning credit unions of potential red flags for home equity fraud schemes.
For more info: www.ncua.gov.
Texas, Brazilian CUs In Partnership
DALLAS-The Texas CU League and SICREDI, a trade association for 128 Brazilian credit unions, have signed a "People to People" partnership as part of a program overseen by the World Council of CUs. The signing was followed by a tour of two dairy farms in Texas by Brazilian delegation and a discussion of the role CUs can play in resolving farm-related issues. A separate Brazilian delegation will visit Teas in September.
Nominations Now Being Accepted
MADISON, Wis.-CUNA is now accepting entries for the 2010 Community Credit Union of the Year Award, which recognizes the outstanding work being done by community credit unions nationwide.
For info: www.community.cuna.org.
Prohibition Orders Are Issued
ALEXANDRIA, Va.-NCUA has issued prohibition orders against:.
* Tiffany Churchill, a former employee of Maine Family FCU, Lewiston, who was convicted of theft and subsequently sentenced to 18 months imprisonment, with all but 30 days suspended, and three years of supervised release. Churchill will also pay $15,352 in restitution.
* Nathan Douglas Cranney, a former employee of Salt Lake City, Utah's Deseret First FCU, without admitting or denying fault, signed an order of prohibition.
* Lisa Zimmerman Dodson, a former employee of Cooperative Teachers CU in Tyler, Texas, who was convicted of theft and subsequently sentenced to five years of supervised release and 160 hours of community service. Dodson will also pay $69,655 in restitution.
* Richard Koenig, a former employee of Prime Financial CU, Cudahy, Wis., without admitting or denying fault, signed an order of prohibition.