Worth Noting

Register now

Pledges Of Support For Financial Ed

WASHINGTON-U.S. Secretary of Education Arne Duncan, FDIC Chairman Sheila C. Bair, and NCUA Chairman Debbie Matz last week signed a new agreement to facilitate partnerships among schools, financial institutions, federal grantees and other stakeholders to provide effective financial education; increase access to safe, affordable and appropriate accounts at federally insured banks and credit unions, and encourage saving.

 

Branch Manager Elected To Office

ROHNERT PARK, Calif.-Amy Ahanotu, branch manager of Redwood CU's branch here, has been elected to the Rohnert Park City Council. Ahanotu said his priorities as a City Council member will include a balanced City budget, revitalizing the Rohnert Park economy, and fostering public and private partnerships for the benefit of the community.

 

Letter Stresses Value of Exemption

WASHINGTON-CUNA has written a letter to the co-chairs of President Obama's deficit reduction task force, Alan Simpson and Erskine Bowles, stating that any changes in CUs' corporate income tax exemption would affect the ability of CUs to continue to deliver some $7.5 billion in savings to consumers annually. "Faced with federal income tax liability, a number of credit unions may no longer feel compelled to operate a credit union and could close or convert to for-profit banks," wrote CUNA CEO Bill Cheney.

 

Discovery Conference Winners Named

MADISON, Wis.-Michael Kerr of Eagle Legacy Credit Union, Arvada, Colo., won a $5,000 grant for his CU as part of CUNA Mutual Group's first-ever Online Discovery Conference. Kerr won the grant with points earned participating in the conference's activities, including webinars, chat rooms, exhibit hall booths, message boards and a networking lounge. He plans to donate the $5,000 to the Eagle Legacy Foundation, the CU's scholarship program.

Other winners included: Apple iPod Touch-Bruce LaGrow, Money FCU, Syracuse, N.Y.; CSI DVDs-Kent Johnson, Navy FCU, Herndon, Va.; Health Care Reform Consultation-Alfred Gelasio, Spectrum FCU; Kindle-Carrie Hand, Glynn County FECU, Glynco, Ga.; Compass-Karen Lomax, TIC FCU, Columbus, Ga.; $250 Ticketmaster Gift Certificate-Christy Leslie, State Transportation ECU, Inc, Columbus, Ohio; Subscription to CUNA Mutual Compliance Journal, Brian Vittek, Destinations CU, Baltimore; Apple iPad-David Lyons, IBM Southeast Employees FCU, Boca Raton, Fla.; $250 Apple Gift Card-Kim Kortuem, Mid Minnesota FCU, Alexandria, Minn.; Garmin GPS Navigator-Jill Loftus, Superior CU, Collegeville, Pa.; Apple iPod Nano-Carter Ridgway, Kemba Delta FCU, Memphis, and Complimentary ACUC Registration-Carol Daniel, Pinal County FCU, Casa Grande, Ariz.

 

MCFCU's Deborah Frisch Dies

SAGINAW, Mich.-Deborah Frisch, senior vice president with Catholic FCU, has died. Ms. Frisch, 53, began with Catholic FCU as a co-op student in 1974. During her career she was active in both CU and community causes, Memorial contributions may be made to the Msgr. Forbes Scholarship Fund, c/o Catholic FCU, 6180 State Street, Saginaw, MI 48603.

 

Partnership Aids CU's Wellness Program

WINSTON-SALEM, N.C.-Allegacy FCU has entered into a partnership with Forsyth Medical Center and Novant Health to enhance its corporate wellness program Among the enhancements: Biometric Screenings (a benchmark checkup to measure blood pressure, cholesterol and glucose levels); an on-site Wellness Coach, and Fast Pass, a dedicated phone number for employees and their immediate families as well as same-day access to Winston-Salem Health Care.

 

PCUA Overhauls Board Make-Up

HARRISBURG, Penn.-The Pennsylvania CU Association has moved to change its bylaws so that directors are elected from asset sizes, rather than by districts, effective in 2012. The number of directors will remain at nine with three being elected from CUs less than $30 million in assets, three from $30-$100 million in assets, and three from credit unions greater than $100 million in assets.

 

SWBC Named Supplier of the Year

DALLAS-At its CEO/Executive Team Network meeting here, CUES named as its Supplier of the Year Southwest Business Corp. (SWBC). In addition to its product offerings related to generating revenue, increasing loyalty, preventing losses, mitigating risks and strengthening loan portfolios, CUES said it recognized the San Antonio-based company for donating 10% of its before-tax income to non-profit organizations.

 

Webinar On HMDA Changes

ARLINGTON, Va.-NAFCU will host a webinar on the Home Mortgage Disclosure Act's (HMDA) new reporting requirements and discuss the recently released HMDA peer data on Dec. 8 from 2-3:30 p.m. EST.

For info: www.nafcu.org/HMDA.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER