Former CUNA Chair, Eugene, Dies
NORFOLK, Va.â€“Former CUNA Chairman Christie Eugene, 82, has died. Mr. Eugene was active in CUs for 61 years, including serving as CUNA chair from 1991-93 and 13 years on the CUNA board. Eugene began leading Norfolk Fire Department FCU in 1948, before retiring in 2002, and then remaining as treasurer. Eugene also held numerous volunteer positions with the Virginia league, from which he received the James P. Kirsch Lifetime Achievement Award in 2006. In 2009, he was inducted into the national CU House of Leaders.
CUNA, NAFCU Make Nominations
WASHINGTONâ€“CUNA has nominated Mike Long, chief credit officer with UW CU, Madison, Wis., to serve on the Federal Reserveâ€™s Consumer Advisory Council, and re-nominated Alan Cameron, CEO of the Idaho league, to continue serving on the council. NAFCU nominated Daniel Berry of Duke University FCU and Issa Elias Stephan of First Financial FCU for positions on the CAC.
CSCU Hosting Three Fraud Webcasts
CLEARWATER, Fla.â€“Card Services for Credit Unions is launching a three-part â€œFraud Prevention Webcast Seriesâ€ that is open to all CUs and which it says is designed to offer a tune-upâ€ to CU fraud-fighting efforts. Sessions are scheduled for: Sept. 21, â€œFighting Fraud Today-Fraud Trends 2010â€ (1 hour); Oct. 13, â€œThe Fraud Squadâ€ (90 minutes) and Nov. 17, â€œOptimize Your Fraud Prevention Engine- Fraud Tune-Up Tipsâ€ (90 minutes).
For info: www.cscu.net.
Poll Links CUs, Candidate Support
WASHINGTONâ€“CUNA has released what it said is an â€œoverwhelmingly positive responseâ€ by voters in a poll that indicates they would support a candidate who fights against banks and makes it possible for credit unions to provide loans to small businesses in their respective communities. The CUNA-sponsored poll, conducted by Frederick Polls of Arlington, Va. and Voter/Consumer Research of Washington, found that no fewer than three-in-five voters in separate polls of voters in eight congressional districts around the country said they would have a â€œpositive reactionâ€ to a candidate opposing bank interests and supporting expanded CU MBL authority.
SECU Gives Members 'Another Chanceâ€™
RALEIGH, N.C.â€“State Employeesâ€™ CU is offering members â€œAnother Chanceâ€ when it comes to NSF fees and returned check charges. Another Chance sends checking account-holders a text or other message whenever a potential NSF might occur. If members make a deposit by the end of the business day, no NSF fee is charged. SECU offers â€œNSF Fee Free Days,â€ meanwhile, waive any $12 NSF fees the member may incur on two days each year.
For info: www.nsecu.org.
Irelandâ€™s CUs Get Warning
DUBLIN, Irelandâ€“Irelandâ€™s chief regulator has warned this countryâ€™s CUs they can no longer continue paying overly generous dividends on member savings. James Oâ€™Brien, the countryâ€™s registrar of CUs, said falling income levels and higher loan losses mean many CUs must rethink their pricing, and that the regulator will be taking a more aggressive posture in monitoring CUs.
Assenmacher To Retire From MCCCU
MONROE, Mich.â€“Monroe County Community CU President/CEO Paul Assenmacher said he will retire on April 1, 2011 after nearly 40 years with MCCCU. During his tenure, the CU grew from eight employees, approximately 2,800 members and $4 million in assets, to 68 employees, more than 30,000 members and $143 million in assets. Current EVP/COO Mike Newman has been named to succeed Assenmacher.
Discovery Conference To Be Held Online
MADISON, Wis.â€“CUNA Mutual Groupâ€™s said it will, for the first time, host its 2010 Discovery Conference online on Nov. 3. Registration is free for the day-long event, which will include opportunities for networking via chat rooms, an exhibit hall, and prizes. Registration will open Sept. 27 at www.cunamutual.com/discoveryonline.
Michigan CUs Post Positive Numbers
LANSING, Mich.â€“Michigan credit unions showed continued growth in the second quarter, reporting strong net worth, lending, and membership gains, according to CUNA and NCUA data. During Q2, 15,000 additional members have joined CUs, earnings averaged 0.3%, the average net worth ratio is 10.7%, lending grew 1.2% (led by used auto loans), and commercial loans were up 17.7%.
White Paper Examines Grant Process
MADISON, Wis.â€“Why donâ€™t more credit unions apply for grants? A new white paper seeks to make the grant application process less intimidating. Released by the CUNA Marketing & Business Development Council, â€œWriting Grants Right: Extend Your Outreachâ€“and Budgetâ€ demystifies the â€œgrant-writing process and offers practical recommendations on where to look for funding, how to cultivate relationships with grant-makers, and how to craft a winning application.â€
For info: www.cunacouncils.org and select the â€œMarketing & BizDevâ€ tab.
NAFCU Webcast For Directors
WASHINGTONâ€“NAFCU will host a webcast on Sept. 29 titled, â€œFiduciary Duties: The Changing Landscape for Credit Union Directorsâ€ from 2-3:30 p.m. EDT.
For info: 800-344-5580, www.nafcu.org/FiduciaryDuties.