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CU System
CU System Briefs (04/11/2013)
  • NEW ORLEANS (4/11/13)--Shell New Orleans FCU changed its name to Xplore FCU, effective last Monday. The management team and officials said the name change is the best way to reach out to all people eligible for membership. Although it has had a community charter since 2007, a common misconception remains--that membership is still exclusive to Shell Oil employees. The new name, Xplore Federal CU, pays tribute to the founders--the employees of Shell who continue to make the community a great place to live and work, said the credit union. A few of the expanded services the credit union will offer in 2013 are remote deposit capture, institution-to-institution transfers, and an iPad app, to allow members to access home banking  ...
  • STRATFORD, Conn. (4/11/13)--Sikorsky Financial CU in Stratford, Conn., has named Vincent Ciambriello as the new president/CEO of the $682 million asset credit union (Stratford Star April 6). The appointment by Sikorsky's board is effective immediately. Ciambriello most recently was Sikorsky's executive vice president and chief operations officer. During the past year, he served as acting president after Thomas J. Williams retired, following 45 years of service to the credit union …
  • PHILADELPHIA ( 4/11/13)--Tom Swierzy, president/CEO of Sb1 FCU, Philadelphia, has announced he will retire in mid-July, after more than 31 years serving the credit union, according to the Pennsylvania Credit Union Association (Life is a Highway April 9).  Under his leadership, the credit union has grown to more than 31,000 members and $600 million in assets and offers full services, including checking, savings, consumer lending, home loans and electronic banking. Sb1 FCU's board has created a search committee and retained D. Hilton Associates Inc. to assist with assessing candidates …
  • RICHMOND, Va. ( 4/11/13)-- Susan J. Adams, CEO Of Entrust Financial CU, Richmond, Va., died April 8 after battling cancer. She was 59 (Richmond Times-Dispatch April 9).  Adams served as CEO of the $70 million asset Entrust Financial for 24 years and had worked with the credit union industry for 36 years.  She served as board secretary at PSCU Financial Services and was on the boards of the Richmond Chapter of Credit Unions, Virginia Credit Union League, and Virginia Corporate FCU. Adams also served as a Virginia national delegate to the Credit Union National Association.  "Susan's influence will be felt for years to come, both at Entrust Financial CU and throughout the industry," said Entrust Financial Board Chairman Cheri Spence.  Lisa Lambrecht, vice president of accounting and risk management, will continue as interim CEO


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