HOMESTEAD, Fla. - Following the merger of Pan Am Horizons FCU into Power Financial CU, the credit union marked another milestone: the unearthing of a time capsule buried 25 years ago. Among the treasures found within: mementos from the Homestead Air force Base, newspapers from Jan. 15, 1982, a photo of the supervisory committee, a 25th anniversary promotion, as well as contribution from the Marine Support Battalion and the 1981 Christmas party program. On hand for the event was Howard Hawkins, Power Financial board member emeritus, who was present when the capsule was originally buried Jan. 15, 1982. "The unearthing of the time capsule is a fitting segue for Pan Am Horizons as it celebrates 25 years and begins a new era as part of Power Financial Credit Union." (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

HOMESTEAD, Fla. - Following the merger of Pan Am Horizons FCU into Power Financial CU, the credit union marked another milestone: the unearthing of a time capsule buried 25 years ago. Among the treasures found within: mementos from the Homestead Air force Base, newspapers from Jan. 15, 1982, a photo of the supervisory committee, a 25th anniversary promotion, as well as contribution from the Marine Support Battalion and the 1981 Christmas party program. On hand for the event was Howard Hawkins, Power Financial board member emeritus, who was present when the capsule was originally buried Jan. 15, 1982. "The unearthing of the time capsule is a fitting segue for Pan Am Horizons as it celebrates 25 years and begins a new era as part of Power Financial Credit Union."

According to Fred Reichheld's recent book, "The Ultimate Question," there is one very powerful question that gets to the heart of both loyalty and growth for any organization.

SAN DIEGO - Linsco Private Ledger Corp., LPL Financial Services here has acquired the Charlotte, N.C. based UVEST Financial Services Group Inc., creating the nation's largest provider of third-party investment services.

Solutions For Every Scenario

Events

OGDEN, Utah - Alliance CU, one of the largest remaining state charters in Utah was approved by NCUA to convert to federal charter. The $85-million-CU joined an exodus that began four years ago when the state's bankers heightened their attack on the liberal field of membership rules. Alliance Community FCU was granted a community charter encompassing three counties. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

WEST PALM BEACH, Fla. - Corporates have become a lot more than the "credit unions' credit union." For 2007, corporate CUs say they have more options and products than ever to assist credit unions when it comes to growing their options. Their strategies and niches differ, according to a Credit Union Journal survey of corporates across the country, but the goals are the same: help credit unions to achieve greater efficiencies, earn greater returns and take a little pressure off that margin squeeze. When asked how they can help their member CUs, corporates listed everything from ALM and balance sheet modeling to ACH and single-tier pricing on overnights. Inside this issue corporates outline some of their plans for 2007, and how CUs can take better advantage of what's being made available, page 10. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

WASHINGTON - Army officers joined medical personnel and family members of stricken soldiers last week to dedicate a new Oncology Palliative Care suite at Walter Reed Army Medical Center, which was built by the Pentagon Federal Credit Union Foundation.

INDIANAPOLIS - Credit unions across the country are gearing up for Super Bowl XLI's Midwestern battle between the The Indianapolis Colts and the Chicago Bears.

PALO ALTO, Calif. - Addison Avenue FCU, the CU for Hewlett-Packard companies has hired J. Benson Porter, an executive at Washington Mutual, as its new president. Porter, formerly the chief administrative officer and head of corporate affairs at WaMu, will succeed Steve Lumm, who is retiring as head of the $1.9-billion CU.

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BOSTON - Credit union industry officials are still trying to determine the extent of a massive data breach that could match the 2005 debacle at Card Systems Solutions, Inc. in Arizona.

ONE: Disaster Recovery. With credit unions in the U.S. still recovering from 2004's four hurricanes and Sri Lanka's CUs still cleaning up from the devastating tsunami, Hurricane Katrina roars ashore in the gulf destroying CUs and displacing thousands of members, many of whom have never returned. In New Orleans, some CU staff began living in branches. CUNA Mutual estimated the cost of Hurricanes Katrina, Rita and Wilma was $27.5 million.

PALM DESERT, Calif. - NCUA, which has been exploring new ways of deterring credit union conversions to mutual savings bank, or at least making it more difficult, is looking at having the federal regulator become the enforcer of credit union bylaws.

WEST PALM BEACH, Fla. - For its 10th anniversary issue, The Credit Union Journal asked credit union leaders for their predictions for the credit union landscape in another 10 years:

* Instant messaging becomes the "more efficient mode of communication" for the 15 IT employees at MacDill FCU, who work mostly from home.

FLORISSANT, Mo. - * John Chappel was arrested minutes after attempting to rob his own CU-First Community CU, here-by threatening to start a fire if his demands were not met. His first mistake was robbing his own CU, where the head teller knew him by name. His second mistake was in walking into an office rather than to a teller, as it meant someone else had to be called in to bring cash to him, which allowed time to inform the rest of the employees and the police. His third mistake was in asking for still more cash when a bag of bait money was given to him, thereby giving police more time to arrive on the scene. When he attempted to leave, the police were waiting for him and he calmly turned himself over to them.

Desert Schools Selects Elan

WASHINGTON - It isn't just the Credit Union Journal marking a 10th anniversary. This newspaper started landing on the desks of credit union CEOs not long after a former congressman was first sliding behind the CEO's desk at CUNA.