Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (03/26/2008)
* JACKSONVILLE, Fla. (3/27/08)--Counterfeit cashier's checks bearing the name of Florida Telco CU are being circulated, says the Federal Deposit Insurance Corp. (FDIC). The counterfeits display the Jacksonville-based credit union's routing number but are otherwise dissimilar to authentic checks. The bogus items are green with dark green borders and rounded corners; authentic checks are light blue with thin double borders and red check numbers. The counterfeits display a security feature statement embedded in the top border and along the bottom border with two padlocks, while authentic checks display the credit union's phone number below its name and address in the top left corner. The counterfeit checks display "Cashier's Check Remitter:" in the lower left corner. They also misplace the statement "Over $20,000 must be countersigned" at below the second of two signature lines in the lower right corner, instead of below the first signature line. Authentic checks also include "Authorized Signature" below the second line … * PORTSMOUTH, N.H. (3/27/08)--New Hampshire Governor John Lynch is scheduled to deliver the keynote address tonight at the 51st Annual Meeting of Service CU, a $1 billion-plus asset credit union based in Portsmouth. Other speakers will include Portsmouth Mayor Thomas Ferrini, New Hampshire Banking Commissioner Peter Hildreth, Defense Credit Union Council President/CEO Ronald Arteaga, and New Hampshire Credit Union League President/CEO Daniel Egan. The credit union began in 1957 on Pease Air Force Base with eight founders each contributing $5. Since then it has expanded to serve civilian communities in the state and military members round the globe, said Gordon Simmons, president/CEO … * HARRISBURG, Pa. (3/27/08)--Louise Lingenfelser, CEO of UGI Employees FCU, Reading, Pa., has been elected to the board of directors of the Pennsylvania Credit Union Association, announced board Chair Diana Roberts (Life is a Highway March 26). Lingenfelser will fill the board seat from District 9 being vacated by Fran Muto, CEO, People First CU, Allentown, who has been a board member since May 2003 … * RANCHO CUCAMONGA, Calif. (3/27/08)--The California and Nevada Credit Union League has named Keri Bailey as director of state government affairs. Bailey joined the leagues in 2005 as state legislative and regulatory lobbyist after a 10-year career working with the California legislature. Prior to joining the league, she was chief of staff for Assemblyman Ed Chavez (D-Industry), a member of the Assembly Banking and Finance Committee. In her new position, she will oversee the state legislative and regulatory affairs for credit unions in both states. She succeeds Ron Fong, who earlier this month was hired as president/CEO of the California Grocers Association … * RANCHO CUCAMONGA, Calif. (3/27/08)--California and Nevada Credit Union Leagues President/CEO Bill Cheney has announced a realignment of league staff. Mark Klinkert, senior vice president of professional development, has added the responsibilities of chief operating officer. Lucy Ito has been named senior vice president of credit union growth and development. Sylvia Fath is now senior vice president of business services; Bob Arnould, senior vice president of governmental affairs, now oversees the Public Affairs Department as well as the league's governmental affairs team; Cindy Cavanaugh is vice president of accounting and finance; John Drago is vice president of information technology; Henry Kertman is vice president of public affairs; Carol Payne is vice president of communications and marketing; and Tracy Miller Olszowy is director of membership development …


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
3 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
8 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
8 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
9 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
9 hours ago