WORTH NOTING

Register now

SAFE Deadline Is July 29ALEXANDRIA, Va.-NCUA is reminding credit unions that the deadline for registration with the SAFE Act is July 29 for any person involved in originating mortgages. Credit unions must register all such personnel or stop underwriting mortgages by that date.Perkins To Head New CorporateSAN DIMAS, Calif.-The board of the proposed United Resources FCU, the corporate that is to arise from the ashes of Western Bridge Corporate (WesCorp) when it is recapitalized, said it has reached an agreement with Philip Perkins to remain on as CEO. The deal, which is a three-year contract, still requires approval from NCUA. Perkins was brought in to run WesCorp by NCUA after the agency placed it into conservatorship in 2009. Prior to joining WesCorp, Perkins has served as SVP-senior portfolio manager for Delaware Investments in Philadelphia.Sen. Thune In CU Fun RunHAS ART, Thune.jpgSIOUX FALLS, S.D.-The third annual "Run for the Troops" Fun Run here, organized by the Sioux Valley Chapter Social Responsibility Committee, has a surprise participant: Sen. John Thune. The race raised more than $700 to benefit military members and their families.Insight To Absorb FEFCUORLANDO, Fla.-Insight FCU here said it has entered into merger discussions to absorb Florida Episcopal FCU.Numerica Names Altepeter CEOSPOKANE VALLEY, Wash.-The $1-billion Numerica CU has named Carla Altepeter as its new CEO, succeeding Dennis Cutter who is retiring after 40 years as president/CEO. Altepeter has served as president/CEO of CitizensFirst Credit Union in Oshkosh, Wis., since 1992, and will officially begin at Numerica on Sept. 1.DuPont Fibers Takes Argent NameCHESTERFIELD, Va.-DuPont Fibers FCU said it is changing its name to Argent Credit Union effective August 1. The move is being made to reflect an expanded field of membership, according to the CU. In explaining the new name, DFCU said, "A name maintaining affinity to DuPont was desired. And since the DuPont name is French; argent, a French word that means money, was a natural connection. Also, in Latin, argent means silver or coins."CU Taps Home Run House RecipientHas art, Orion1MEMPHIS-After several months of candidate research and qualification, Orion FCU named Blondell Phillips as the first recipient of a Home Run house. Phillips will now rent for two years the home owned by Orion FCU, make regular monthly payments and attend a financial education course administered by OCU. After two years of successful payments, Orion FCU said it will sell the house Blondell at a cost below tax appraised value and apply her 24 months of rent as a down payment on her mortgage.GA League Issues ReportDULUTH, Ga.-Georgia Credit Union Affiliates has issued a new report that shows how CUs in the state are using community outreach and financial education initiatives to help Georgians achieve their financial goals. Among the findings in the "2011 REAL Deal Outreach Report": 84% of the state's CUs offer used vehicle loans for low-credit score borrowers; 79% offer a small-value loan of less than $500; 70% offer free checking (no monthly or per-check fees and no minimum balance requirements), and 69% offer a program to help modest-income members save. The report further stated that members saved an average of $180 per year on interest expense when financing a $25,000 new auto for 60 months at a CU versusa bank.CU Collects Donations For Injured TeenCHARLOTTE, N.C.-Carolina Postal CU here has become a collection point for donations on behalf of Kelly Blanton, a young teen from the Hickory, N.C., area who suffered a neck and spinal injury including broken bones in her neck and damage to her spinal cord during the International Finals Youth Rodeo competition in Shawnee, Okla.UMe FCU Name, Logo UnveiledHas art, Ume.pngBURBANK, Calif.-The $130 million Burbank Community FCU has changed its name to UMe FCU. The 71-year-old credit union said the new name, derived from "You + Me," is meant to reflect the personal service it provides as well as to "convey a renewed banking spirit based on innovation and a smarter approach to banking."

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