WesCorp Hits New Records
SAN DIMAS, Calif.-WesCorp set a new record for combined member balances topping $23 billion at the close of business April 9. The new record of $23.077 billion was established, surpassing the previous record of $22.976 billion set on July 3, 2003. The split on balances amounted to $9.558 billion in overnight shares, $12.258 billion in certificates, $1.027 billion in member capital accounts, and $233 million in member fed funds purchases. The $12.258 billion in certificates also set a new all-time record. The previous record of $12.210 billion was set on Aug. 20, 2003.
Community First Named Biz of Year
APPLETON, Wis.-The Post-Crescent here has named Community First Credit Union as is Small Business of the Year. Upon learning they were named the Small Business of the Year. The honor was announced as part of the newspaper's "Annual Report to the Community." "We live our mission," Tierney said. "Our goal is to play a primary role in contributing to the economic and social well-being, and to the quality of life in all of the communities in which our members live and work," said CEO Catherine Tierney. During the past 10 years the credit union has grown from $157 million in assets to $600 million.
Bar-Cons CU CEO Judy James Dies
COLUMBUS, Ind.-Judy James, longtime president of Bar-Cons FCU here and chairman of the Indiana CU Foundation has died following complications from surgery. James was chair of the Indiana CU League from 1987-89, serving on the board from 1980-1999, and was the first chair of the foundation, which was established in 2002. She also served on the CUNA board of directors from 1995-97, and was inducted into the Indiana CU Hall of Fame in 1990. Memorial contributions may be made to Hospice of South Central Indiana, 2626 East 17th St., Columbus, Ind. 47201.
New CU Chartered In Tennessee
SHELL KNOB, Mo. -A new credit union has been chartered in this state. Table Rock FCU has been approved by NCUA for a community charter to serve Barry and Stone counties in southwest Missouri. The credit union was founded by Howard McIlrath, 90, a former banker who had helped start two community banks in the area. He was approached by residents who said they felt they weren't being served.
Ducrest Named La. Commissioner
BATON ROUGE, La.- John Ducrest has been named Banking Commissioner in Louisiana by Gov. Kathleen Blanco. Ducrest was promoted from the Louisiana Office of Financial Institutions to replace John Travis, who is retiring in June.