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NCUA Liquidates Homesteaders

ALEXANDRIA, Va.-NCUA has liquidated Homesteaders FCU of New York, N.Y. and transferred the credit union's member accounts to the Lower East Side People's FCU of New York City. The agency said the $4.2-million asset Homesteaders FCU was insolvent.

LESPFCU has $15.9 million in assets and serves approximately 4,600 members in Metropolitan New York.

Graham Elected To CUNA Board

MADISON, Wis.-John A. Graham, CEO of Kentucky Employees CU, Frankfort, has been elected to CUNA's board in a special election.

Graham won the District 2, Class A board seat vacated by Jim Oliva when he became ineligible after taking a position with a Class B credit union.

CU Pioneer, Nesbitt, Dies At 81

SANDUSKY, Ohio-Joe Nesbitt, a co-founder and for a time also president of Ford Motor Credit Union here has died of leukemia. Mr. Nesbitt was 81.

Founded in the last 1950s, today the credit union is known as Erie Community FCU.

Mr. Nesbitt, who also served on the credit union's board, was very active with the Council of Automotive Credit Unions.

Special Offer For Journal Readers

DENTON, Texas-After participating in the STAR and Merit programs offered through CUNA, DATCU here is implementing a new learning system for its employees called Credit Union University.

It is offering to pass along to a "deserving" credit union from among Credit Union Journal readers its STAR and Merit learning systems. Interested credit unions should submit a brief explanation (50 words or less) of why your credit union best deserves the modules.

The STAR modules educate employees on a variety of financial products and practices that are not credit union specific. The Merit learning systems cover issues that apply primarily to managers. DATCU has more than 10 STAR modules (three different books in each module) and 24 Merit books.

To take advantage of the offer, send your responses to Kay Schroeder, Human Resource Specialist, at kschroeder datcu.coop.

Visit The Credit Union Journal Online Today at www.cujournal.com for the freshest in news updates. (c) 2005 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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