On 2nd Try, Members OK Merger
MISSOULA, Mont.-After rejecting the merger in January, members of Montana First CU have now approved a merger with the $452-million, Spokane, Wash.-based Horizon CU. After members voted against the plan the first time, the $64-million Montana First held meetings with members and launched a marketing campaign urging support for the combination. No employees of MFCU will lose their jobs, and Montana First will also retain its brand identity. The combined institution will have 18 branches in Montana and eastern Washington.
Police CUs Rate Meeting Highly
CHICAGO-Participants in the ninth Annual Police Officers' CU Conference rated the meeting a 4.78 out of a possible 5, according to Ken Bator, president of Bator Training and Consulting, who cofounded the meeting. Nine police credit unions attended the meeting in Chicago. The 10th Annual Police CU Conference is scheduled dor May 5 - 8 in Columbus, Ohio. For info: www.btcinc.org.
White Paper On Revenue Streams
MADISON, Wis.-A new white paper from the CUNA Operations, Sales & Service Council is offering a look into new revenue streams. The paper, titled "Alternative Revenue Sources: An Engine for Sales & Service Growth," seeks to give chief operating officers a number of revenue sources that are worth consideration.
The paper presents several ideas for revisiting traditional revenue sources with a fresh approach and adding innovative revenue methods to help ailing margin, according to the Council. "A wide array of credit unions from across the country contributed their expertise about how to readily seek revenue sources," the OpSS Council said. "Ultimately, each source is not only a revenue opportunity, but is also an opportunity for credit unions to be an engine for growth and development within their local communities."
For info go to the white paper section of www.cunacouncils.org.
New Spokester In New Mexico
ALBUQUERQUE, N.M.-The Credit Union Association of New Mexico has named its new Young & Free "spokester": Anthony Almanzar, a broadcast journalism major at the University of New Mexico. Almanzar was chosen from 12 candidates who applied for the job. The CUANM surprised Almanzar with the news while he was on a local morning radio show, where he was plugging an upcoming comedy appearance. In the role Almanzar will use social media, videos, blogging and personal appearances to attract 18- to 25-year-olds to become credit union members, will have the use of a car to help him spread the credit union message, and will receive a Mac laptop, a video camera and iPhone. Almanzar's term will last one year.
DEs Mark Program's 30th Birthday
SAN DIEGO-A group of Credit Union Development Educators (CUDEs) gathered in San Diego to mark the 30th anniversary of the program. The DE program, which is offered by the National CU Foundation, is aimed at providing training in credit union history and philosophy. It was first offered in 1982. Along with the gathering marking the 30th anniversary, the annual DE Workshop was also held in conjunction with CUNA's America's Credit Union Conference during which innovation, immigration issues, sustainability, community development financial institutions (CDFIs), advocacy, and other topics were discussed.
The next DE Training will be held at the Lowell Center in Madison, Wis. on Sept. 6-13 and is already sold out. Two sessions are scheduled for 2013. For info: email@example.com.
CSCU To Host Two Webcasts
TAMPA, Fla.-Card Services for Credit Unions will host a free webcast series to help credit unions improve card program results. Webcasts will be held at 1:00pm ET on July 19th and July 26th. For info: www.cscu.net/webcast.
NYC Mercury To Merge Into EFCU
EUCLID, Ohio-The $54-million Eaton Family Credit Union is absorbing via merger NYC Mercury Credit Union. The $2-million NYCMCU served approximately 1,000 members, and was chartered in 1941 to serve railroad employees.
Hudson Valley The Place To Work
POUGHKEEPSIE, N.Y.--Hudson Valley FCU has been named one of the Best Companies to Work For in New York for 2012 by the New York State Society for Human Resource Management and the Best Companies Group, an independent company managing the Best Places to Work program. It is the third year in a row HVFCU has been so honored. Hudson Valley FCU was named in the large company (250 or more employees) category. It was rated on workplace policies, practices, philosophies, systems and demographics, based on surveys filled out by employees.