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Corporate exec named to clearinghouse board

Staff Writer | July 10, 2001

WALLINGFORD, Conn. - Noreen Lagasse, item processing manager for the $1 billion Constitution State Corporate CU here, has been appointed Secretary of the Connecticut Clearinghouse Corp. The CCHC promotes the exchange of operational data, the exchange of operating procedures, and helps educate its member depository institutions in Connecticut. Lagasse has...

TCUL Lending Services partners with Centrix Financial

Staff Writer | July 10, 2001

FARMERS BRANCH, Texas - The Texas Credit Union League (TCUL) Lending Services has teamed with Centrix Financial to offer an auto lending program to credit-impaired members with minimal risk. The Centrix Financial Portfolio Management Program is a turnkey system that features all of the operating procedures for underwriting, servicing, collection...

CUSA Technologies users conference set for Sept.

Staff Writer | July 10, 2001

SALT LAKE CITY- Credit union data processor CUSA Technologies said it plans to host its Annual Users Conference in New Orleans, Louisiana, September 12 to 15, 2001, at the Hyatt Regency New Orleans. More than 200 CUSA Technologies credit union clients are expected to attend to hear about issues related...

A brand is a brand..is a brand..unless it's a CU brand

Myriam DiGiovanni | July 10, 2001

WEST PALM BEACH, Fla. - Repeating the same message over and over again can no longer be considered boring-just call it branding. "A brand promises members a consistent experience," said CUNA Mutual Group Director of CU Marketing Services Debrah Dippen-Watterson. "When branding is done right, your brand is expressed at...

Lindsey writes CUNA on aiding Mexican credit unions

Staff Writer | July 10, 2001

WASHINGTON-Assistant to President George W. Bush on Economic Policy Larry Lindsey wrote CUNA President and CEO Dan Mica thanking CUNA for a letter about the credit union movement in the U.S. and letting him know that the administration is very interested in credit unions' work in cross-border issues. "The President...

Intranet brings power of the Web to the confines of the organization

Marc Rapport | July 10, 2001

COLUMBIA, S.C. - Using telecommunications wizardry to accomplish the simplest of tasks, including getting to know one another, is the magic behind the power of an intranet. Intranet is more than just a buzzword. It's a powerful tool in the management arsenal of today's modern businesses, including credit unions. And...

Barnes of First American Credit Union takes his Harleys on the road to unwind

Staff Writer | July 10, 2001

BELOIT, Wis. - Tom Barnes favorite loans are for motorcycles - especially Harley-Davidsons. In 14 years as president of First American Credit Union of Beloit, Wis., he's had only one Harley repossessed. "We have lots of motorcycle loans," he said. "Once it gets around that you're a rider, that you...

PEMCO, STAR launch ATM processing

Staff Writer | July 10, 2001

SEATTLE - PEMCO Technology Services, a pass through processor, has partnered with STAR Systems to add ATM processing to its offerings. PEMCO will use STAR Systems' network gateway. Cards bearing the STAR logo are accepted at more than 200,000 ATMS and 800,000 POS locations. This latest move by PEMCO will...

Seidman announces resignation from OTS

Staff Writer | July 10, 2001

WASHINGTON-Ellen Seidman announced her resignation from the Director of the Office of Thrift Supervision (OTS) last week, effective upon the confirmation and appointment of her replacement. "The agency, weak when I was appointed in October 1997 because of a five-year lack of a confirmed Director and constant concern over its...

Use of investment products by credit union members

Staff Writer | July 10, 2001

* mutual funds & securities - 27% * cash-value insurance products (investment management accounts, trusts) less than - 10% (includes non-members) Use of retirement products by CU members * some form of retirement account - 6% * 401K - 49% * traditional IRAs - 45% * Roth IRAs - 10%...