CU Veteran Beach To Retire
RANCHO CUCAMONGA, Calif.-Long-time CU veteran Carroll Beach has announced his retirement effective Jan. 31, 2011. Beach, currently president/COO of CO-OP Shared Branching, began his career in CUs as president of the Colorado CU System, where he served for 30 years. Beach has served in numerous volunteer positions, and has been presented with the Eagle Award, the highest honor of the Association of American CU Leagues, and with the Herb Wegner Lifetime Achievement Award from the National CU Foundation.
FTC Rule Now Out For Comment
WASHINGTON-The FTC has proposed new rules to ban "all material misrepresentations in advertising about consumer mortgages." The rule specifically target mortgage lenders, brokers, and servicers; real estate agents and brokers, advertising agencies, home builders, lead generators and others, but does not address advertising disclosure requirements. The proposed rule would apply to state-chartered CUs, but not FCUs. The comment period is open for 45 days.
For info: www.ftc.gov.
'Sully' To Speak At CUNA's GAC
WASHINGTON-CUNA has signed Captain Chesley B. "Sully" Sullenberger III, the pilot who landed U.S. Airways Flight 1549 on the Hudson River, to speak at its 2011 GAC. Also appearing: a political point-counterpoint between Mary Matalin and Arianna Huffington.
For info: www.cuna.coop.
Inaugural Directors Meeting Is Set
MADISON, Wis.-CUES will host its inaugural CUES Director Strategy Seminar Feb. 2-4, 2011 at the Hyatt Regency Mission Bay Spa & Marina, San Diego.
For info: www. cues.org/dss.
Florida Telco Now 1-2-1 Financial
JACKSONVILLE, Fla.-Florida Telco CU is changing its name to 1-2-1 Financial CU. The CU was founded in 1935 to serve a telecommunications FOM but operating with a community charter since 1999.
Conserved Corporates Host Webinars
DALLAS-Both Southwest Corproate and Members United, recently placed into conservatorship, have held webinars for their members. Southwest said its message focused on the need for CUs to determine how to best handle their future payment needs. A recording is available at www.swcorp.org/corporateupdate.asp. Members United stressed during its webinar that there will be deliver a new plan for its survival to members later this month.
CU Hands Out $100 To Best Members
GROTON, Conn.-Almost 2,600 members of Charter Oak FCU received $100 checks under the CU's multi-service Gold Rewards program, which required members to have a checking account, place at least $1,500 into the account monthly through direct deposit or pay a minimum of four bills online, and have a total of at least $20,000 in loans and deposits through the CU.
The Show Me State Shows Talent
ST. LOUIS-The "Credit Unions Got Talent" competition being staged by the Missouri CU Association has received more than 800 votes so far for the seven competing acts, which come from credit unions. The winning act will showcase their talent during an all expense-paid trip to St. Louis to perform in front of a CU crowd Dec. 17.
Wright Wins Paul Revere Award
WASHINGTON-NAFCU named David J. Wright, CEO of Services FCU, Yankton, S.D., as the winner of its 2010 Paul Revere Award, which recognizes the CU grassroots activist of the year. Pictured from left are Michael Lussier, David Wright, Bob Marquette and Fred Becker.
WOCCU Awarded $4M From US AID
MADISON, Wis.-The U.S. Agency for International Development has awarded the World Council of Credit Unions $4 million to implement a five-year Cooperative Development Program with CUs in Guatemala, Mexico and Kenya. The program will focus on creating and testing agricultural and financial tools to improve rural economic and financial sector development.
For info: www.woccu.org.
Meeting For Supervisory Committees
MIAMI-The CPA firm Orth, Chakler, Murnane and Company (OCM) will host a Supervisory Committee Conference and Training Oct. 21-22, at the Gaylord Texan Resort.
For info: www.ocmcpa.com.
NASCUS, Council Elect Boards
SAN ANTONIO-Three sitting members of the NASCUS board have begun new three-year terms: Tom Candon (Vermont), Sue Cowan (Wisconsin) and Linda Jekel (Washington). Kathy Stewart (Kentucky) was appointed to fill the at-large one-year director position. Candon will also remain chair. Three board seats have also been filled on the NASCUS CU Executive Council by Debbie Peters of Incol CU, Jack Sheets of Interra CU, and Terry West, VyStar CU. The Council is chaired by Parker Cann of BECU.