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CU System briefs (12/17/2010)
* NAPERVILLE, Ill. (12/20/10)--Thirty representatives of the
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Decatur, Ill., chapter and credit unions are getting acquainted with newly elected members of the 97th Illinois General Assembly. They met Tuesday at a "meet and greet" luncheon with Illinois State Rep.-elect Adam Brown (R-101), who will be one of nearly 25 new members of the next assembly beginning Jan. 12. Also attending were incumbent state lawmakers, Sen,. Kyle McCarter (R-51) and Rep. Bill Mitchell (R-87). "This event was held because we were eager to reach out to our new lawmaker and provide him with an introduction to credit unions," said Karen Woods, chapter legislative forum representative. "This was the beginning of building a relationship with him so he is familiar with us when considering legislation related to financial services and specifically credit unions." Keith Sias, Illinois Credit Union League director of state governmental affairs noted that "the chapters are an important link in the league's on-going efforts to show the importance of credit unions in the financial marketplace." From left are McCarter; Mitchell; Woods; Sias; Larry Preston, vice president, Staley CU, Decatur; Brown; Dawn Strohl, chairman, Decatur Area Chapter, and Karen Brown, CEO, Staley CU. (Photo provided by the Illinois Credit Union League) … * HARRISBURG, Pa. (12/20/10)--The Pennsylvania Credit Union Association (PCUA) and three state-chartered credit union leaders had lunch Thursday with outgoing state Secretary of Banking Steve Kaplan to thank him for his support of credit unions during his term. They discussed the Consumer Financial Protection Bureau, Credit Union Better Choice, Internet activities of payday lenders; regulatory restructuring process; and maintaining dual state and federal chartering options during the economic crisis. From left are PCUA President/CEO Jim McCormack; Lonny Maurer, CEO, Belco Community CU; Debbie Peters, CEO, Incol CU; Kaplan; and John King, chief operating officer, Freedom CU. (Photo provided by the Pennsylvania Credit Union Association) … * GREENSBORO, N.C. (12/20/10)--Congresswoman-elect Renee Ellmers (R N.C.) and staff member Steve Howell visited Coastal FCU's -Garner, N.C., branch Dec. 10 to learn more about credit unions and share her legislative priorities. Coastal CEO Larry Wilson and Chief Operating Officer Chuck Purvis shared information about Coastal and about the credit union difference. North Carolina Credit Union League's Dan Schline, senior vice president of association services, and Mickey Fanney, director of political affairs, spoke with Ellmers about key legislative issues facing credit unions as the 112th Congress prepares to convene. Ellmers' message centered on supporting small businesses and community-based financial institutions like credit unions through smaller government and less regulation. Ellmers, center, is shown with two branch staffers. (Photo provided by the North Carolina Credit Union League) … * TUMWATER, Wash. (12/20/10)--O Bee CU President/CEO Bruce Cramer will retire at the end of the month, after nearly 25 years at the credit union. He joined O Bee in 1986 after spending eight years as CEO of a Teamsters credit union in Portland, Ore. During his tenure O Bee grew to $130 million in assets from $20 million. James Collins, previously the credit union's chief financial officer will succeed Cramer. A profile about Cramer was featured in The Olympian (Dec. 17) …


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NCUA Ch. Matz said the FOM proposal is the result of enforcement actions taken where CUs advertised open FOMs.
22 minutes ago
.@TheNCUA wants to know if there are other categories that should get automatic approval, staff says.
23 minutes ago
Alumni,homeowner assoc,labor unions, electric coops,scouting & church groups,assn. to further culture of nt'l or ethnic group are auto OKed.
25 minutes ago
Corporate separateness also would be required under FOM proposal. Separate physical location from FCU too.
30 minutes ago
An association must be found not to have been found to be formed for the purpose of being added to FOM, @TheNCUA says.
32 minutes ago