Beall Named Md. League CEO
COLUMBIA, Md.-The Maryland Credit Union League (MCUL) has named Mike Beall as its new president/CEO. Beall had been serving as manager of governmental affairs and partnerships in the Washington, D.C. office of the World Council of Credit Unions (WOCCU). Prior to working for WOCCU, Beall was EVP and head of advocacy for the North Carolina league during the battle to pass the Credit Union Membership Access Act of 1998 (H.R. 1151) and was legal counsel for CommonWealth One FCU in Alexandria, Va. Beall was raised in White Plains, Md., and is the son of the late NASA FCU CEO Donald V. Beall.
NASCUS Meets With GAO
ARLINGTON, Va.-Officials with the National Association of State Credit Union Supervisors (NASCUS) have met with the General Accounting Office (GAO) to discuss the GAO's planned study of possible supplemental and alternative capital reforms for credit unions. The meeting was held at NASCUS' corporate office at NASCUS' request in order to discuss the framework and design of the study and to provide the GAO with information and data for consideration. NASCUS supplied GAO with a variety of materials on secondary or supplemental capital, along with a list of NASCUS SSAs, CEOs and other resources that the GAO staff should consider consulting in preparation of this study.
NuMark Pays Loan Rebate
JOLIET, Ill.-NuMark Credit Union paid its members a 10% rebate on loan interest paid in 2003 on their qualifying auto, home and/or personal loans. Overall, the credit union returned more than $500,000 to its borrowers.
Florida PAC Hits New Record
TALLAHASSEE, Fla.-The Florida Credit Union League's Credit Union Political Action Committee (CUPAC) said it set a new record for fundraising during 2003 after bringing in $472,466.14. Its goal for the year had been $250,000. "When I became president of the Florida Credit Union League in 1988," said FCUL CEO Guy Hood, "we were raising something on the order of $6,000 annually. Credit unions have come a long way since those days and we are now considered major players in Florida politics."
BudgetSmart Added To Menu
COLUMBIA, S.C.-Carolina Collegiate FCU has added "BudgetSmart," to its product menu. BudgetSmart is a software tool for consumers to use in budgeting, tracking spending and creating "what if" scenarios. "Members today are looking for the best, most up-to-date way of managing their finances, and BudgetSmart is the first program we found that fit our standards," said CCFCU CEO Anne Shivers. Members can find the software at www.carolina.org