Deadline Approaches For NAFCU MDI
ARLINGTON, Va.-The early bird registration deadline is Sept. 17 for NAFCU's Management Development Institute, to be held Nov. 15-19 at Duke University in Durham, N.C. The program provides a comprehensive, one-week executive education curriculum to prepare CU leaders to advance their careers.For info: www.nafcu.org/MDI.
Red River Nationally Recognized
TEXARKANA, Texas-Red River FCU is one of just 10 companies in the U.S. to earn national honors for its benefits offered employees in The Principal 10 Best Companies for Employee Financial Security recognition program. The $452-million CU was recognized for not cutting benefits and offering full-time benefits to employees who work at least 30 hours per week, among other offers.
Co-op CU, Partners CU in Merger
STRUM, Wis.-Partners Credtit Union here is being absorbed via merger by Co-op Credit Union. Created in 1958, PCU had during its life taken in two other credit unions of its own via merger.better choice logo.
Program Reports $12M In Savings
HARRISBURG, Penn.-The Credit Union Better Choice program, an alternative to payday loans overseen by the Pennsylvania CU Association, has now made more than 35,000 small-dollar loans for more than $16.7 million, according to the PCUA. The 90-day loan, which has a $500 dollar limit, has saved borrowers more than $12 million dollars over using a traditional payday lending product, the PCUA added. Eighty CUs are participating.
Golden Mirror Winners Are Named
MADISON, Wis.-CUES has named the major category winners of its 2010 Golden Mirror Awards: GMA Rookie of the Year went to the marketing department at FirstOntario CU, Hamilton, Ontario, Canada; the GMA Best of Show went to Lisa Fawcett of Co-op Services Credit Union, Livonia, Mich., and the GMA Golden Shoestring went to Alabama Telco CU, Birmingham.For info: www.cues.org.
Korean Movement Marks 50th
SEOUL, South Korea-Credit unions in the Republic of Korea are marking 50 years since the country's first credit union was established by 27 hospital employees in 1960. Today the country has nearly 1,000 credit unions serving five-million members, making it the world's third largest CU community. Credit unions in Korea market themselves using one common brand and similar signage and products. Effective in 2008, South Korea's CUs also began using a single, centralized IT system.
CUES Receives Three Awards
MADISON, Wis.-CUES has received three Award of Excellence in the 2010 Awards for Publication Excellence (APEX) competition for its Credit Union Management magazine, which was honored for its redesign. CUES eVote, was recognized in the Special Purpose Design and Illustration category, while the 2010 CUES Marketing Planner received an award in the Media Kit category.
Nashville CU Gets New Life
NASHVILLE, Tenn.-Baptist Hospital CU here is changing its name to Life Credit Union. "We have prayerfully chosen to adopt the name Life Credit Union because it truly represents our mission and ministry," said the $22.5-million CU.
Roundtable Organized In Philadelphia
PHILADELPHIA-Credit unions in this market have formed a regional roundtable to discuss common lending and related marketing issues. Organized by Claire Ippoliti, VP-lending at Philadelphia FCU, and Allan Stevens, VP/CFO at Franklin Mint FCU, other CUs participating have included Sun East FCU, American Heritage FCU, Citadel Credit Union, People First FCU, Merck Sharp & Dohme FCU, Diamond Credit Union, TruMark Financial CU, and Freedom CU.
Shapiro Partners Announce Expansion
BREA, Calif.-Shapiro Partners, a group of CU professionals, has announced the re-launch of its consulting firm, along with a redesign of its website at www.shapiropartners.com. The firm is now offering its services nationally. "The degree of talent involved with Shapiro Partners is phenomenal, said Jason Lindstrom, senior managing consultant. "Our presence now consists of former credit union CEOs, CFOs, and other executives with years of experience in the industry."we are trying to get a photo of this guy, but I doubt we will get it in time.
Jones Named CEO of OK League
OKLAHOMA CITY-Gary Jones has been named the new President/CEO of the Credit Union Association of Oklahoma, where he will also manage the activities of subsidiary Credit Union Services, Inc, the Credit Union Political Action Committee, and the Oklahoma Foundation. Jones has been serving as interim president/CEO of the league. Until 2007 Jones served as president/CEO of Will Serve Credit Union in Tulsa, and was also the CUAOk liaison to the state's 74 credit unions. He has served as CUAOk interim president/CEO since July.
TMG Purchases 2 More Portfolios
DES MOINES, Iowa-TMG Financial Services reported last week it has purchased two more CU card portfolios, bringing to 40 the number of portfolios brought under management in the past three years. The two new purchases were from Jersey Shore FCU in Northfield, N.J. and Community 1st CU in Ottumwa, Iowa, representing in total more than 5,600 accounts and $11 million in receivables. While the pace of credit card portfolio sales has slowed since 2008, with these purchases being among the first booked in 2010, CEO Jeff Russell said he expects there will be others by year-end.