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CU System briefs (01/12/2012)
  • SEAL BEACH, Calif.(1/13/12)--Patelcorp CEO Scott Waite has been appointed to a new advisory board for SaveDaily Inc., a provider of mutual fund investing platforms used by financial institutions. The board will assist SaveDaily's management with marketing and financial industry best practice strategies. At Patelcorp, Waite is responsible for corporate finance and accounting, asset liability management and investments, plastic card services, and the investment brokerage and insurance subsidiary corporate for Patelcorp CU. He is also chief financial officer for its parent company, Patelco CU and in 2003 became the first credit union industry representative on the Advisory Council of the Financial Accounting Standards Board. He is serving his seventh year as chair of the Credit Unions of North America's accounting subcommittee …
  • DALLAS (1/13/12)--Deborah Matthews, director of payment strategies at ProfitStars, a division of Jack Henry & Associates, has been elected chairperson of The Internet Council of NACHA-The Electronic Payments Association. She took office Jan. 1. NACHA represents more than 10,000 financial institutions via 17 regional payments associates and direct membership. The council's mission is to advance electronic commerce over open networks by enabling digital business in a straight-through, secure, and cost-effective manner. Its initiatives include enhancing the integrity and security of the automated clearing house (ACH) network; developing best practices for data security, fraud management and authentication; facilitating industry adoption of NACHA Operating Rules for mobile ACH payments; and continuing education …
  • SILICON VALLEY, Calif.(1/13/12)--Seven of NerdWallet's Top 10 Community-oriented Credit Unions are community development credit unions (CDCUs), said the National Federation of Community Development Credit Unions. CDCUs have a focus on serving low- and moderate-income communities, minorities and other at-risk populations. Federation President/CEO Cliff Rosenthal noted that the credit unions "are among our high-performing CDCUS" and show "the world day-in and day-out that serving low-income communities can be done effectively and profitably." News Now reported the top 10 list in Wednesday's issue
  • COLUMBUS, Ohio (1/13/12)--John Herriott, Ohio Credit Union League director emeritus, died Dec. 28 at the age of 84, said the league (eLumination Newsletter Jan. 11).  Herriott served on the league board from 1989 to 1999 and was inducted as director emeritus in 2003. He was a retired employee of W.G. Herriott and Sons, Popright, Marion Power Shovel and Rhodes Heating and Air Conditioning …


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