Griffiths Returns To NJCUL
HIGHTSTOWN, NJ-The New Jersey Credit Union League has named long-time CU league veteran Tom Griffiths to serve as interim CEO while its Board conducts a national search to find a permanent CEO. "Tom did an outstanding job serving as interim five years ago. We have no doubt that he will do the same again and are pleased Tom will return to New Jersey," said NJCUL Chairman Lou Vetere.
Class of Bilingual Tellers Graduates
COLUMBIA, Md.-Following an eight-week course, the Credit Union Foundation of MD & DC has graduated a new class of bilingual tellers who have started their careers on the front lines in nine credit union branches. They join 13 graduates from the first phase of the Foundation program that is aimed at bridging cultural and language gaps with members and potential members.
More Mergers, One Liquidation
SAN DIEGO-Mission FCU has absorbed via merger San Diego Japanese American Citizens League FCU. Meanwhile, in Euclid, Ohio, NCUA has liquidated the $16-million GIC FCU, the 19th credit union failure so far in 2012. Remnants of the credit union, which includes 3,400 member accounts, have been transferred to the $27-million Steel Valley FCU, of Cleveland. And in Minnesota the 500 members of Ashby FCU have been acquired by Mid-Minnesota FCU in a merger.
Marino, Simonton Named CEOs
VINELAND, N. J.-The $50-million Bay Atlantic FCU has named Gail Marino as its new CEO. Marino had been VP, having started with BAFCU 24 years ago as a teller. She succeeds Carol Muessig, who is retiring as CEO in January. In Bynum, Ala., $242-million AOD FCU has named Richard H. Simonton, Sr. as its new CEO. Simonton had been serving as a Conservatorship CEO for NCUA, and prior to that was CEO and CFO for Insight Credit Union. Simonton began his career with NCUA.
Theater Renamed For Gesa CU
WALLA WALLA, Wash.-The Power House Theatre will be renamed the Gesa Power House Theatre as part of a $1 million naming rights deal with $1.6-billion Richland-based Gesa CU. The 368-seat Power House Theatre is home to Shakespeare Walla Walla and is on both the state list of historic buildings and the National Register of Historic Places.
Walling Named Unsung Hero
SAN DIMAS, Calif.-John Walling, president of Christian Community Credit Union, has been named the winner of the 2013 Unsung Hero Award by the California and Nevada CU Leagues for his work in credit unions. Walling began in CUs in 1972 and was named general manager of the then $7-million ACCU IN 1978, overseeing growth to $550 million today. During his tenure ACCU has established a church loan program, implemented the "Card that Gives to Missions," been involved with the league, PSCU Financial Services, and in numerous church and community efforts.
OpSS Perspective On Mergers
MADISON, Wis.-The CUNA Operations, Sales and Service Council has released a new white paper on mergers. Titled "Mergers from the OpSS Perspective," it is based on information gathered from credit union experts who have participated in multiple mergers, according to the Council, and "details the tasks involved in combining operations, from creating a merger team, to developing lists of essential tasks and conversions, to communicating with members and employees." For info: www.cunacouncils.org.
Michigan CUs Show Growth
LANSING, Mich.-As of Sept. 30, CUs in Michigan have seen a 1.3% increase in membership (84,000) since the end of 2011, according to the Michigan league. Deposits increased by $2 billion, giving CUs 18.6% of all deposits in the state. Lending was up 1.4% over the same period. Other stats: net worth averages more than 11%. and average ROA is .97%.
NAFCU Ranked Highly In Survey
ARLINGTON, Va.-NAFCU has been ranked highly for regulatory and legislative advocacy, compliance and as a source of industry insight in a survey conducted by McKinley Advisors. The survey found that 97% of CEOs were "likely" or "very likely" to renew their NAFCU membership.
Ent Raises $168K For United Way
COLORADO SPRINGS, Colo.-Ent FCU has raised more than $168,000 exclusively from their employees' for the United Way, the sixth year in a row it has raised more than $100,000.