El Paso's FCU Is Liquidated
EL PASO, Texas-NCUA has liquidated El Paso's Federal Credit Union (EPFCU) after determining the credit union was insolvent and had no prospect for restoring viable operations Member accounts are being transferred to El Paso Area Teachers FCU. EPFCU served 1,035 members and had deposits of approximately $5 million. It is the ninth federally insured credit union liquidation in 2012.
Charter Oak To Build New HQ
WATERFORD, Conn.-Charter Oak FCU has broken ground on a 10-acre site where it plans to build a 65,000-square-foot, $18-million headquarters.
California CUs Are Honored
SAN JOSE, Calif.-Meriwest Credit Union here has been named winner of the 2012 Community Outreach Award by the California and Nevada Credit Union Leagues. Meriwest was honored for its "Financial Education for All" program. Also honored by the leagues in their respective asset categories were The Golden 1 CU, Sacramento, with a Louise Herring Award; Mission FCU, San Diego, with the first place Desjardins Youth Financial Educational Award. A category in which SCE FCU won second and Meriwest CU and Redwood CU won Honorable Mentions; Honorable mentions went to Meriwest CU and Redwood CU. Also winning a first place award was San Mateo CU, Redwood City, Calif., in the same category, while SAFE CU, Sacramento, won second.
Long-Time CU Leader, Kent, Dies
CHANDLER, Ariz.-Fred Kent, a former NCUA examiner who eventually headed First Credit Union from 1988 to 2009, has died. Mr. Kent was 67, and spent 37 years in the CU movement, beginning as an NCUA examiner in 1975, then served as general manager of J.L. Bammerlin Postal FCU, and later as assistant general manager for First FCU after it merged with Bammerlin. He was president and CEO of the $400-million credit union until he retired in 2009 and subsequently served as board chair.
Winning Video Touts 'Cromance'
WASHINGTON-Baylands FCU of West Point, Va., has won NAFCU's video contest, "Tell Us Why You (Love) NAFCU." The contest challenged NAFCU members to create a video explaining what they enjoy most as a NAFCU member in three minutes or less. The winning video features Baylands' "Cromance"-or "credit union romance"-with NAFCU and includes testimonials from several BFCU staffers, as well as CEO Christopher Burgess. It can be viewed at www.nafcu.org/memberbenefits.
New CEOs Named At Several CUs
MEMPHIS-The $97-imillion Federal Aviation Administration FCU has named R. Todd Vanderpool as its new CEO. Tom Sammons, the CU's vice chair, had been serving as interim CEO. Vanderpool previously spent 11 years at BankTennessee as CEO, and has 33 years in banking. In Ohio, Tiffin St. Joseph FCU has named Rick Budde, head of lending at nearby Hancock FCU, as president and CEO of the $46-million CU. Budde has been in the banking profession for 38 years, most recently as SVP-lending for eight years at Hancock FCU in Findlay. In Lancaster, Penn., Stacey Remick has been named president CEO of $70-million LANCO FCU, after having previously served as VP-member services. In Kingston, N.Y., the $750-million Mid-Hudson Valley FCU has named Wayne Winkler as its new CEO. Winker has been with MHVFCU since 1990, most recently as EVP/CLO.
Five 'Next Top Exec Finalists' Named
MADISON, Wis.-CUES Has named the five finalists for its Next Top Credit Union Exec challenge: Jill Huls of Conexus CU, Regina, Saskatchewan; Ashley Kohlrus of Allegacy FCU, Winston-Salem, N.C.; Nate Muniz of Pennsylvania State Employees CU in Harrisburg; Cas Scott of Community CPS Australia in New South Wales, and Peter Walker of OSU FCU in Corvallis, Ore. The finalists will present their projects at CUES' CEO/Executive Team Network in November. For info: www.NextTopCreditUnionExec.com.
Ledge Light Rebrands As Scient
GROTON, Conn.-Ledge Light FCU, which has primarily served employees of Pfizer pharmaceuticals, has changed its name to Scient as it expands to become a national brand among life science workers. The CU said it has been testing the concept in several small Pfizer plants around the U.S. for the past two years. The $225-million CU, which is using the tagline "With You at Every Phase," said it already has signed on three life science companies.
Hash Named As CUES' Outstanding CEO
MADISON, Wis.-CUES has named Bert J. Hash, Jr., president/CEO of MECU of Baltimore as its 2012 CUES Outstanding Chief Executive. Hash will be honored at CUES CEO/Executive Team Network on Nov. 4 in Manalapan, Fla. During his 15-year tenure, Hash has overseen growth to $1.2 billion in assets from $435 million, and also been very active in his community and with Morgan State University, which has created an award in his honor. CUES will also honor six CUES Hall of Fame inductees: Kenneth D. Burns, CEO of Patelco CU in California; Shelley B. Clarke, CEO of Goldenwest FCU in Utah (who is being honored posthumously); Chip Filson, chairman of Callahan & Associates, Washington; Frederick D. Healey of Portsmouth, R.I.; Fred Johnson, retiring president of CUES, and Harriet B. May, former CEO of GECU, El Paso, Texas.