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CU System briefs (01/19/2010)
* PANAMA CITY, Fla. (1/20/10)--Tyndall FCU announced it reached the $1 billion assets milestone at the end of December. The credit union was founded as Tyndall Air Force Base CU in January 1956. During the past 54 years, it expanded operations and now has 10 branches across Northwest Florida and Southeast Alabama. Jim Warren, president/CEO of Tyndall FCU, attributed the milestone to "hard work of our employees, prudent guidance from our board of directors, and most of all, our member-owners, who have trusted us as their financial provider." ... * FARMINGVILLE, N.Y. (1/20/10)--Teachers FCU (TFCU), based in Long Island, N.Y., has received approval from the National Credit Union Administration to become a community-chartered credit union. TFCU, which is the largest credit union in terms of members on Long Island, sought the charter so it could expand its financial services to a wider area and a larger base of residents and businesses. The charter also will help eliminate confusion about eligibility for membership, since it serves more than teachers. "The expansion of the TFCU community charter will mean much broader access of our services across both Nassau and Suffolk Counties," said Robert G. Allen, TFCU president/CEO ... * DULUTH, Ga. (1/20/10)--Cooperative Services Inc. (CSI), a credit union service organization (CUSO) founded by the six largest credit unions in Georgia and Georgia Central CU, announced it is paying a patronage refund totaling $300,000. The CUSO provides payment services to more than 140 credit unions. Its transition to branch capture in 2009, plus its collaborations with other states for image technology, significantly influenced savings, said CSI."We hope to continue returning earnings in upcoming years as a way to show our thanks and appreciation," said Mike Mercer, president/CEO of CSI ... * GREENSBORO, N.C. (1/20/10)--Two staffers are leaving the North Carolina Credit Union League, one to retire and one for a position
in Tennessee. Kim Bohannon, the league's vice president of compliance and risk management, has accepted a position with TVA Employees CU in Knoxville, Tenn., where she will serve as the risk management officer at the $745 million asset credit union. Jeanne Couchois, who joined the league in 2009 to oversee the compliance specialist program, will manage the department temporarily, beginning at the end of the month. Jim Siler, who formerly headed up the league's audit department, retired on Dec. 31. He had been with the audit team since March 19, 2001. Prior to that he was controller of Scholl America in Gibsonville ... * KENSINGTON, Md. (1/20/10)--Signal Financial FCU, based in Kensington, Md., has partnered with the Washington Area Bicyclist Association to offer the "Share the Road" Visa card program. The $271 million asset credit unions said the affinity card will promote advocacy for safer streets in the community. For each transaction made with the card, Signal Financial will contribute two cents toward advocacy for safer streets. A portion of the interest on the "Share the Road" Visa cards also will be contributed toward advocacy for safer streets, say the credit union's website ... * BURLINGTON, Vt. (1/20/10)--Cheryl Fatnassi, interim CEO, has been named CEO/president of Burlington, Vt.-based Opportunities CU, according to the Association of Vermont Credit Unions (Newslines Express Jan. 15). Fatnassi was chief operations officer for Opportunities until March 2008, when she became interim CEO after the retirement of the credit union's founder, Caryl Stewart. With more than 29 years working in financial services, Fatnassi was a former senior vice president for IT Systems at Banknorth and had previously managed all aspects of technology and retail banking, Community Reinvestment Act and compliance ...


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