ONE: Too Much Money Woes: As billions of dollars flood into CU deposit coffers even as savings rates are slashed, making for healthy profit margins (see related story, right).

Sunshine State CU Votes To Convert To Bank Again

These are not the typical people you see on the streets in cardboard boxes. They are people who are working but are the epitome of working-class poor."

AUSTIN, Texas - AMPLIFY FCU has deployed Hyland Software's OnBase enterprise content management system to automate its business processes, improve member service and manage records retention.

* Grossmont Schools FCU CEO Julie Givens is attacked by a shark while on vacation in Maui. Her arm and shoulder are badly mauled, but she survives, later noting that she no longer "sweats the small stuff."

Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states.

AUSTIN, Texas - Successful lenders are also successful cross-sellers, according to one person.

Subscribers to the Credit Union Journal can access all of the content in the weekly print edition every Monday simultaneously with the publication of the newspaper at www.cujournal.com. Additional resources available to readers include:

WEST PALM BEACH, Fla. - What did the real first year of the new millenium bring to credit unions? Among the trends, developments and news: * Credit bureaus begin making credit scores available to consumers * When CUs meet for GAC in 2001, they are coming off an election cycle with $1.9 million in PAC funds, up from $734,000 in 1993-94 * Credit unions succeed in getting a "carve out" for themselves in proposed bankruptcy legislation * There is growing recognition that "non-traditional" services and markets are a growth area for credit unions, including payday loans * CUNA moves into new digs close to the White House on Pennsylvania Avenue n Wireless access to account information using wireless devices, including phones and PDAs, begins to take root * Usage and acceptance of debit cards continues to grow by double-digits * NCUA Chairman Dennis Dollar proposes expanded exam cycle for healthy CUs to 18 months from 12 months * Credit unions that raced to expand to community charters begin to discover that penetration rates are sliding while costs are increasing * In the wake of several well-publicized data breaches (and with more to come), the Gramm Leach Bliley Act forces CUs to begin protecting member data * Terrorism threats grow with anthrax scares spreading to CUs. Many credit unions tighten their mail handling procedures. A Michigan CU evacuates its offices after suspicious material found. Two NAFCU staffers are tested for anthrax after being inside Senate office building where anthrax was suspected * Campus FCU, Baton Rouge, develops program to sign up for e-mail notification before a check bounces * Power costs begin surging in California and the Pacific Northwest. Power outages affect CUs in California. SAFE CU in California covers its parking lot in solar panels * The Alaska CU league goes all volunteer, laying off its two full-time employees * The acceptance of electronic images of checks continues to grow * CUES' Franck Schuurmans predicts that in the next three to five years (through 2006) there will be a consolidation to 3,000 to 3,500 total credit unions * Readers of The Credit Union Journal step forward with computer donations to help Dakota Catholic FCU, which had been keeping records manually and had been profiled in the newspaper * Arrowhead CU in California opens branch on used car lot n Harland resurrects the ULTRADATA brand * Treasury studies on credit unions, requested by banks, generally support credit union positions * A branch manager at Provident CU in California admits to faking a robbery in which $144,000 was stolen * The Filene Research Institute releases a study saying that among the biggest beneficiaries of credit unions are bank customers * The Credit Union Journal profiles McPherson Community FCU inTryon, Neb., which operates out of the Longhorn Motel * In a precursor, United Heritage CU creates a "Chief Privacy Officer" position * Bankruptcy filings surge in wake of introduction of new reform bill * Two Michigan CU execs create their own line of greeting cards to help managers to recognize employees for jobs well done * Jim Ott, president of UNCLE CU, is named poet laureate of Plesanton, Calif. * NCUA rules that boards may delegate authority to set dividend rates to committees made up of senior management. * NCUA board member Yolanda Wheat uses agency funds to print brochures reading, "Eisenhower High School, San Bernardino, CA, welcomes former student and NCUA Board Member Yolanda Townsend Wheat," for an appearance there. Wheat had been class valedictorian in 1979 * A new form of member dissatisfaction emerges as a survey finds members are strongly unhappy over slow response to e-mail questions * EFT consolidation becomes a windfall for many credit unions and groups as shares are acquired * With coffee bars and Internet caf?'s, some suggest credit unions have lost sight of what a credit union branch should be * California, Washington and Oregon leagues form "Association of the West" that offers services from each league to members in each state * With pressure on salaries from dot.coms, CUNA Mutual rolls out a program that offers performance bonus similar to "stock options" in publicly traded companies * JoAnn Johnson, a former Iowa legislator who is the daughter-in-law of former NCUA Executive Director Don Johnson, is nominated for NCUA board * Small CUs object to NCUA plan for quarterly reporting. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

MARION, Ind. - Marion School Employees FCU shared its 70th anniversary with the community, with $55,000 in donations to seven community groups. The credit union agreed to match up to $70 for each $100 in donations; members and employees raised $30,800 and the credit union provided 70% of that, or $24,200. Recipients included the community foundations of Grant and Blackford counties; United Way of both counties, and scholarship funds for Indiana Wesleyan University, Taylor University and Ivy Tech Community College.

Sunshine State CU Votes To Convert To Bank Again

RANCHO CUCAMONGA, Calif. - The old saw is "if you can't beat 'em, join 'em." When it comes to payday lending, however, credit unions have pursued a "join them and beat them" strategy.

DAYTONA, Fla. - A convicted bank robber missed prison so bad that he robbed Kennedy Space Center FCU so he could go back. Forty-four-year-old Danny Villegas walked into the CU and announced he was robbing it, then sat down and told employees to call 911 while he sat on a couch and waited for police. Villegas, reportedly out of work and homeless, told police he preferred prison to finding a job. Villegas served five years in prison for robbing a bank 10 years ago. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

The Credit Union Journal has a very special announcement. Thanks to the support of the CO-OP Network, as part of our Business Development & SEG Conference April 12-13 in Boston, the Journal has arranged for a tour and dinner at America's Credit Union Museum in Manchester, N.H.

WASHINGTON - Regulators warned credit unions and other lenders last week of loading on too much risk with exotic new loan products, a practice known as risk-layering.

WEST PALM BEACH, Fla. - The top story affecting credit unions in 2001 is the same that affected all of the world, and continues to be felt today: the terrorist Attacks of Sept. 11.

NEW YORK - On the morning of September 11, employees of XCEL FCU were right where they were every other morning, riding the subway to the station in the cavernous base of the World Trade Center, exiting across the crowded platform and riding some of the world's busiest elevators to the 39th floor and preparing to serve members.

These are not the typical people you see on the streets in cardboard boxes. They are people who are working but are the epitome of working-class poor."

PASADENA, Calif. - CU Card Association, a division of Wescom Central Credit Union, in December purchased the credit card portfolios of two credit unions.

CU: Los Angeles Firemen's CU