140 Sign Up For Council
PLANO, Texas-Southwest Corporate reported last week that approximately 140 CU executives and volunteers from 11 states have signed up for the Southwest Corporate Advisory Council, which is designed to help advise it on its future. Southwest Corporate is currently operating under conservatorship by NCUA.
3 CUs Win Lending Awards
LAS VEGAS-Three credit unions were recognized for their lending prowess last week by receiving CUNA Mutual Group's Excellence in Lending Awards at the CUNA Lending Council's 16th annual conference. Recognized were: Oregon Community Credit Union, Eugene, Ore., for Consumer Lending, More than $250 million in assets; Erie FCU, Erie, Penn., for Consumer Lending, More than $250 million in assets, and NorthCountry FCU, South Burlington, Vt., for Low/Modest Means.
Compliance Webcast Nov. 3W
ASHINGTON-NAFCU will webcast "Year-End Compliance Review & Preparation for Upcoming Compliance Challenges" on Nov. 3, 2-3:30 p.m. EDT.
For info: www.nafcu.org/compliancereview
Conn. Program Wins Award
MERIDEN, Conn.-The Financial Reality Fair program, created by Connecticut CUs and the Connecticut CU League, has won the national Desjardins Youth Financial Education Award for CU leagues for the 2009-2010 school year. In the Fair, students are provided with a budget worksheet identifying their career choice then must live within the starting salary for the month while living on their own during the Fair." Fifty-two CUs participated in eight Financial Literacy Fairs, which was created as part of the REAL Solutions program, with 1,800 students from 50 high schools participating.
Community CU Winners Named
MADISON, Wis.-Four CUs were awarded CUNA Community Credit Union of the Year honors at the CUNA Community Credit Union & Growth Conference here. Receiving first-place honors were: Latino Community CU, Durham, N.C., under $250 million in assets; and HarborOne CU, Brockton, Mass., more than $250 million. Merit honors were given to: St. Louis Community CU, under $250 million in assets; and Rogue FCU, Medford, Ore., more than $250 million.
WCCU Absorbs Smaller
CUOSHKOSH, Wis.-Winnebago Community CU has absorbed via merger Members United CU in Neenah, Wis.
North Jersey Is CU Of The Year
TOTOWA, N.J.-The $188-million North Jersey FCU was named the New Jersey Credit Union of The Year for 2010 by the New Jersey CU League. Lou Vetere, CEO of Garden Savings FCU, was named CEO of the Year.
DE Registration Now Open
MADISON, Wis.-Registration is now open for the 2011 Credit Union Development Education (DE) training class taking place April 6-13 in Madison, Wis. DE training is open to everyone from new employees who need a CU orientation to CU veterans who need to recharge, according to the National CU Foundation, which oversees DE training.
For info: http://www.ncuf.coop/home/programs/developmenteducation/Registration/Registration.aspx
Mica Inducted To Co-Op Hall of Fame
WASHINGTON, D.C.-Former CUNA President Dan Mica will be inducted into the Cooperative Hall of Fame on May 4th, 2011, at the National Press Club. Four other co-op leaders will also be inducted.
SE CUs Add $615M In Assets
TALLAHASSEE, Fla.-During the second quarter, CUs in Alabama and Florida added $615 million in assets (4% growth), while overall delinquency rates declines, according to the League of Southeastern States.
Chairmen Elect Exec Committee
DEL MAR, Calif.-The National Association of CU Chairmen John Stec of Utah Central CU as chair; E. H. "Pete" Weldon of 1st Community FCU as first vice chair; Philippe Ouellette, Jr. of FCU as second vice chair; Hugh Rafferty of CoastHills FCU as secretary, and Rose Rangel of generations FCU as treasurer. The group also honored Aberdeen Proving Ground FCU Chair David H. Gilbert as its 2010 Eugene Ball Award winner.
Sponem Is Summit CEO
MADISON, Wis.-Kim Sponem has officially taken over as CEO/President of Summit CU here, following the retirement of Andy Faust. Sponem previously was CEO at Great Wisconsin CU, which earlier merged with Summit.
Ohio's CUs Report Growth
COLUMBUS, Ohio-At the end of Q2 2010, Ohio's reported adding 9,148 over the previous one year, with the average member relationship increasing 4% to $11,375.