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CU System briefs (04/09/2012)
  • 4/10/12)--Vermont CU regulatory agency has new nameMONTPELIER, Vt. (4/10/12)--The state agency that regulates state-chartered credit unions and financial institutions in Vermont has changed its name to the Vermont Department of Financial Regulation (burlingtonfreepress.com April 4).  The former name, the Vermont Department of Banking, Insurance, Securities & Health Care Administration , or BISHCA, was dropped in legislation signed last week by Gov. Peter Shumlin. The new name reflects the streamlining of the department after a law enacted last year moved the oversight of health insurance and hospital budgets to the Green Mountain Care Board …
  • BROCKTON, Mass. (4/10/12)--Brockton, Mass.-based Crescent CU has been awarded a $67,676 employee training grant from the Massachusetts Workforce Training Fund, according to the Massachusetts Credit Union League (Values & Visions March 27).  The grant was based on Crescent's application demonstrating its commitment to investing in training to further develop employees and improve service to members.  The comprehensive training proposed includes training in areas such as commercial sales leadership and quality and efficiency processes. Employees from every level  will participate in the program, which will take place over two years.  Pam Walsh, Crescent's assistant vice president, employee development, will coordinate the program, which will be conducted by Tandem Training of Keene, N.H. ...
  • MANHATTAN BEACH, Calif. (4/10/12)--Keith A. Sultemeier  has been named president/CEO of Manhattan Beach, Calif.-based Kinecta FCU,  effective April 23, the credit union announced Monday.  He will oversee all aspects of the credit union and will work closely with Roger Ballard, who previously served as joint CEO of both Kinecta and NuVision FCU, to ensure a smooth transition.  After the transition, Ballard will return to NuVision as CEO.  Sultemeier brings 12 years of credit union experience plus 10 years of strategic planning and financial management experience to Kinecta. Most recently he served as executive vice president at Security Service FCU in San Antonio, Texas, where he led strategic planning and budgeting for the organization and directed operations in both back office and member-facing divisions …
  • SHELTON, Wash. (4/10/12)--Jim Morrell has been selected as president/CEO of Shelton, Wash.-based Peninsula FCU, succeeding Steve Gorseth, who will retire in June, said the Northwest Credit Union Association (Anthem April 3). Morrell has spent the past 14 years at iQ CU in Vancouver, Wash., where he was most recently  served as senior vice president of support services. Morrell has been active in the credit union movement and has served as chair of the CUNA Technology Council in 2002; on the former Washington Credit Union League's (WCUL) Evolution Task Force, the NWCUA Future Leaders Task Force, Washington Model Credit Union Act subcommittee, and the Filene Research Institute's i3 group. He was named WCUL's 2010 Distinguished Credit Union Professional of the Year. Morrell has more than 20 years' experience in the financial services industry, including 17 in the credit union movement …
  • HAMILTON SQUARE, N.J. (4/10/12)--Harold Ley, president/CEO of Mercer County NJ  Teachers' FCU, died Saturday after battling cancer. He was 50 years old.  "Harold was an inspiration for his staff at Mercer County Teachers and a dedicated credit union leader. He will be missed," said Paul Gentile, president/CEO of the New Jersey Credit Union League.  Ley joined the credit union in April 2006 as assistant vice president of operations and was promoted to president/CEO in November 2008. He is survived by his wife, Maureen, and two children, Kaitlyn, 12,  and Aiden, 5. No services will be held, according to the credit union (The Daily Exchange April 9) …


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