Members in the News

Amy Nelson and Nick Hodson Named as Permanent Co-President/CEOs of Point West Credit Union

Point West Credit Union Board Chairman John Savory has announced the official appointment of Amy Nelson and Nick Hodson as co-President/CEOs, effective immediately. The permanent appointment recognizes the pair’s stellar achievements as interim co-President/CEOs over the past 11 months and assures the continuity of proven, effective leadership moving forward.

“Nick and Amy have demonstrated tireless stamina and vision as executive leaders,” Savory said. “They’ve championed unity in our community by pulling together our members, staff and board during challenging times. With their continued leadership at the helm, Point West Credit Union is poised for even more success.”

The duo’s key accomplishment as executive leaders has been rebuilding the member-owned financial institution while maintaining high member loyalty and satisfaction ratings—no small feat during difficult economic times. Point West Credit Union, under a prompt corrective action plan since 2009, has shown marked improvement in balance sheet performance and has continued to strengthen financial stability. Posting an 84 percent satisfaction rating from the credit union’s 2011 membership survey, Hodson and Nelson are champions of member feedback. In recognition of Portland’s cycling community and appetite for sustainability, they pioneered an innovative bike loan product and have forged ties with several Portland-based organizations to generate additional products and services that benefit Point West members and the surrounding community.

Unitus’ Jason Werts Chosen for Prestigious i3 Team

The Credit Union Times reported that Jason Werts, vice president of Unitus Community Credit Union in Portland, Ore., has been named by the Filene Research Institute as one of 16 new credit union executives to its i3 team. The i3 team is created with the specific goal of pursuing and creating industry innovation and generating new ideas during its two-year term.

Other inductees include:
Dana Clark, Assistant Vice President, Connex CU, North Haven, Conn.;
Joline Epple, Director of Marketing, Target Corp CU, Minneapolis;
Betsy Guerrero, Chief Financial Officer, Westerra CU, Denver;
Jean Hughes, Senior Vice President, CommunityAmerica CU, Kansas City;
Jennifer Kulkoski, Marketing Director, First Financial CU, Skokie, Ill.;
Adam Marlowe, Assistant Vice President, Georgia’s Own CU, Atlanta;
Josh McAfee, Marketing Director, Leaders CU, Jackson, Tenn.;
Michelle Merkley, Director-Marketing/Business Development, Keystone FCU, West Chester, Pa.;
Sandra Sagehorn-Elliot, Senior Vice President/Chief Operations Officer, Bellco CU, Greenwood Villa, Colo.;
Soma Sarkar, Executive Vice President/Chief Operations Officer, Credit Union of New Jersey, Irving;
James Simon, Senior Vice President, Suncoast Schools CU, Tampa;
Michael Spink, Communications Manager, Local Government FCU, Raleigh, N.C.;
Ray Springsteen, Senior Vice President, Fort Knox CU, Radcliff, Ky.;
Steve Webb, Chief Operations Officer, Neighbors CU, Baton Rouge, La.;
Linda Young, Director-Research & Products, Coast Capital Savings, British Columbia, Canada.

Each member agrees to serve a two-year term and participate in semi-annual meetings. The next conference is scheduled for Oct. 12-14 in Kansas City, Mo.

Maps Credit Union Honored by School District After Record-Setting Donation

The Salem-Keizer School District honored Maps Credit Union as Business Partner of the Month at its recent September board meeting. The award recognizes the credit union for its long-standing support of the district—in particular the recently announced donation of $50,000. The district has chosen to use the funds, which represent the largest donation the district has ever received, to support athletics.

As a credit union founded by educators, Maps is committed to retaining close ties with local schools and educational programs. Many of its members are teachers or retired teachers, and the credit union counts lifelong learning as one of its community service foundations—the other is economic development. Those close ties with local schools were the impetus for the current donation.

In addition to its work with local schools, Maps also provides financial literacy education through various area non-profits and business partners. Recently, the credit union joined Western Oregon University in launching the Latino Education and Access Program, which is designed to help local Hispanic students complete higher education. Fundraising for LEAP kicks off with a visit to the campus by former Mexican President Vicente Fox. Maps Credit Union is the platinum title sponsor for Fox’s visit.

Sound and Watermark Credit Unions Complete Merger

On Sept. 1, 2011, the merger between Watermark and Sound Credit Union became official, as the two organizations combined financials, executive management, and boards of directors. Sound Credit Union will continue as the ongoing credit union, and Richard C. Brandsma, Sound’s president & CEO, will lead the combined organization.

“The merger positions the combined organization to serve members well throughout the Puget Sound region. It also provides an opportunity for expansion even during this difficult economy,” Brandsma said. “It is a positive move for members of both credit unions.”

The next step in the process will be integration of member accounts, services, online banking, and online bill pay, which is slated for Spring 2012. The board of directors for the ongoing organization is comprised of equal representation from both merged credit unions.

Columbia Credit Union Names Three VPs of Business Lending, One VP of Mortgage Sales

The Vancouver Business Journal reported that Columbia Credit Union has hired Michael Cochran, Joe Eustaquio and Deborah Oester to serve as vice presidents of business lending and has tabbed Jeff Bannan as vice president of mortgage sales.

Cochran’s primary responsibilities will include cultivating business loan and deposit relationships and marketing CCU’s products and services, in addition to lending a hand with commercial lending operations. He has more than 38 years of industry experience.

Eustaquio, who boasts 27 years of experience in the industry, will focus on growing and managing business loan and deposit relationships and assisting with commercial lending operations.

Oester, with more than 30 years of experience in the industry, will be tasked with developing and maintaining business loan and deposit relationships. She will also assist in Columbia’s commercial lending operations.

Bannan, meanwhile, will use his 21 years of mortgage lending experience to lead Columbia’s residential loan production and supervise mortgage operations while facilitating sales goals.

David C. Hausam Joins SELCO Investment & Retirement Services

David C. Hausam has joined SELCO Investment & Retirement Services (SIRS), available through CUSO Financial Services, L.P. (“CFS”), as a financial advisor. Hausam will be available to assist clients with their investment and retirement needs from his office in the Santa Clara branch of SELCO Community Credit Union.

Hausam holds a number of licenses and professional designations. He is a certified financial planner professional and specializes in retirement investing and distribution planning. Hausam has worked with members of the state PERS retirement system, and since 2005, he has been one of a small team of advisors to jointly conduct retirement planning seminars with Oregon PERS.

For more information about SELCO Community Credit Union and SELCO Investment & Retirement Services, visit SELCO’s website.

Gesa Credit Union Names Rajesh Bandaru SVP of Information Technology

Gesa Credit Union has named Rajesh Bandaru its new senior vice president of information technology. Bandaru brings more than 15 years of broad-based experience in global technology infrastructure and IT operations with responsibilities encompassing mergers, acquisitions and system upgrades. He will be responsible for all aspects of the $1 billion credit union’s IT strategic planning and operations, as well as its project and staff management.

OnPoint Community Credit Union Welcomes Liz Moore as Real Estate Services Manager

OnPoint Community Credit Union announced that Liz Moore has been named real estate services manager. Moore brings more than 25 years of experience in underwriting and operations management to the position. As real estate services manager, she will be responsible for planning and directing the production and servicing within the mortgage services and collateral underwriting areas. She will also develop products, policies and procedures for all aspects of real estate lending while providing guidance and training to real estate services staff. Prior to joining OnPoint, Moore worked as an underwriting manager for Bank of America.

OnPoint Community Credit Union Announces Guy Poppe as Pacific Coast Banking School Graduate

OnPoint Community Credit Union announced that Member Business Lending Credit Officer Guy Poppe has graduated from the Pacific Coast Banking School (PCBS). In partnership with the Graduate School of Business at the University of Washington, PCBS provides a three-year graduate level program of executive leadership and management education focused on the financial services industry. This year’s graduating class consisted of 120 financial industry professionals representing credit unions and banks from around the United States.

“The curriculum at Pacific Coast Banking School provided me with significantly enhanced leadership skills and advanced business acumen,” said Poppe. “PCBS will allow me to further contribute to OnPoint’s business services offerings on a much higher level.”

O Bee Credit Union Announces Opening of Fourth Branch in West Olympia

O Bee Credit Union will be opening its next branch in West Olympia at the corner of Harrison and Cooper Point Road—the former location of First Citizens Bank. The branch is adjacent to one of the busiest intersections in Olympia and will be a welcome addition for O Bee members.

“This new branch is reflective of the strong financial position of O Bee Credit Union as well as our confidence in the Olympia-Lacey-Tumwater area’s ability to weather the current economic downturn,” said CEO James Collins. “Our new branch is expected to open by January 2012 after an interior remodel.”

Oregon Community Credit Union Recognized as Outstanding Employer

While credit unions are often recognized for outstanding member service, it is less common for their exceptional employee service to garner similar recognition. In bucking that rend, Oregon Business Magazine has named Oregon Community Credit Union (OCCU) one of the “100 Best Companies to Work for in Oregon.”

In addition to such benefits as wellness and education reimbursement programs, OCCU offers employees paid opportunities for community involvement as well, allowing them to volunteer with nonprofit organizations or schools of their choice while “on the clock.” OCCU also funds scholarships to both the University of Oregon and Lane Community College and donates to area school districts.

Consolidated Federal Credit Union Announced as One of The Principal 10 Best Companies for Employee Financial Security

Selected by an independent panel of judges for national acclaim as The Principal® 10 Best Companies for Employee Financial Security – 2011, Consolidated Federal Credit Union has been recognized as one of ten growing businesses that have provided stability to their employees with a commitment to benefits that brings both financial security and physical well-being.

“These winning companies are taking a comprehensive approach to workplace benefits in order to reduce financial and physical stress of employees at all levels and demographics,” said Dallas Salisbury, Principal 10 Best judge and president and CEO, Employee Benefit Research Institute.

Other recognized companies include:

  • Associates for International Research, (AIRINC), Cambridge, Mass.; global mobility consultant
  • Educational Commission for Foreign Medical Graduates, Philadelphia, Pa.; medical education testing
  • Greeley and Hansen, Chicago, Ill.; environmental civil engineering
  • Home Builders Institute, Washington, D.C.; residential construction training and education organization
  • Postal Credit Union, Woodbury, Minn.; credit union
  • RED F Marketing, Charlotte, N.C.; advertising agency
  • Veridian Credit Union, Waterloo, Iowa; credit union
  • Water Environment Federation, Alexandria, Va.; technical educational organization
  • Western National Mutual Insurance Company, Edina, Minn.; property and casualty insurance

Learn more about The Principal 10 Best Companies for Employee Financial Security.

School Supplies Assembled for 5,000 Yakima Valley Students Through ‘CU Back to School

For the 20th consecutive academic school year, Yakima County Credit Unions have pooled funds to purchase school supplies for area students in need. Beginning in 1992, Yakima County Credit Unions purchased various school supplies to fill 1,000 folders and donated them to the Yakima and Sunnyside School Districts. The program has since expanded to its current scope, with supplies going to Granger, Mabton, Mt. Adams, Sunnyside, Toppenish, Wapato, Yakima, Union Gap, Grandview and Highland school districts.

The folder assembly party was held on Thursday, Aug. 25, from 7:30 – 11 am at the JA World Facility (650 University Parkway, Yakima). Delivery of school supplies began the following week to the above listed school districts.

Participating credit unions include Yakima Valley Credit Union, Catholic Credit Union, HAPO Community Credit Union, CALCOE Federal Credit Union, Lower Valley Credit Union, State Highway District 5 Credit Union, and Washington State Employees Credit Union.

Advantis Credit Union Introduces GROW: the Advantis Community Fund, geared to improve lives and communities; seeks applications by the end of October

Advantis Credit Union “walks the talk” of its core values—to make a difference in the communities it serves. As such, Advantis has launched GROW, the Advantis Community Fund that does just that. The Advantis GROW Fund will award small and moderate-sized non-profits with funding for locally-identified needs. With an initial fund of $50,000 and grants up to $10,000 each, the Advantis awards promise to seed projects that offer the most potential for long term benefits.

With the introduction of GROW, Advantis intends to facilitate the enhancement and improvement of life in local communities one project at a time. GROW aims to revitalize local communities through programs that assist the underprivileged, at-risk children and programs that offer enhancement of community spaces, education, and the arts. Non-profits interested in applying for an Advantis GROW Grant must do so by Oct. 31, 2011. Complete details and the grant application are available at Advantis’ website.

Columbia CU Awarded the 2011 Nonprofit Excellence Award for Corporate Community Support

Columbia Credit Union in Vancouver, Wash., was awarded the 2011 Nonprofit Excellence Award for Corporate Community Support by the Nonprofit Network of Southwest Washington. The credit union was recognized for outstanding work in the community, providing support for the nonprofit sector with contributions, volunteer support, and in-kind services targeted at helping one or more nonprofits achieve greater sustainability. Columbia’s philanthropy efforts serve a wide span of community needs, including health, hunger, education, business and animal welfare. Each award recipient received a check for $1,000. The credit union matched its $1,000 award with another $1,000 donation and requested that the entire amount be directed to Support for Early Learning and Families, an Vancouver-based organization dedicated to supporting children and families.

SWWA Chapter to Host Second-Annual Credit Union Shred Day

To cap off International Credit Union Week, the SWWA Chapter is hosting its second-annual Shred Day among Clark County credit unions from 9 a.m. to 1 p.m. on Oct. 22, 2011, at the JC Penney store in the Columbia Tech Center. The event will be sponsored by Iron Mountain through the donation of shred trucks; the Food Bank, which will ensure that all food collected stays in Clark County; and the Washington Credit Union Foundation. Additional support is coming from Cowlitz County Credit Unions, who are sharing their creative concept for the promotion, as well as from Unitus, which has agreed to update the files for the Clark County Credit Unions.

Woodstone Credit Union Offers Free Shred Day Event for Federal Way Community

Keeping your identity safe has never been more important nor more difficult. To make the task much easier, Woodstone Credit Union is inviting residents to participate in a free Shred Day event on Saturday, Oct. 22. This is the fifth year in a row that Woodstone is offering the professional shredding service for residents in the community.

“Our Shred Day event gives members of our community a great opportunity to dispose of documents containing sensitive information in a secure and efficient manner,” said Susan Streifel, CEO of Woodstone Credit Union. “It’s quick, easy and most importantly a safe way to get rid of papers you may not have wanted to place in the recycle bin.”

Residents may bring up to two 10-ream paper boxes or their equivalent to Woodstone Credit Union located at 1825 South 316th Street in Federal Way. There will be a professional shred truck on site between 9:00 am – 2:00 pm that will collect and destroy the sensitive documents. For more information please contact Woodstone at 253.925.6800.

Peninsula Credit Union to Hold Membership Appreciation Day

Peninsula Credit Union (PCU) will be celebrating its 76th anniversary on Sept. 30, 2011, during Member Appreciation Day at its branches in Shelton, Belfair, Port Orchard, Poulsbo and Port Townsend, Wash. The event represents a chance for the credit union to say “thank you” to its membership by offering day-long activities, including a free coffee and Italian soda bar staffed by a barista, as well as locally-baked pastries from Olympic Bakery. PCU will also be serving a custom ice cream flavor from Olympic Mountain Ice Cream throughout the afternoon.

Spokane Law Enforcement Credit Union Selling ATM

Spokane Law Enforcement Credit Union (SLECU) is looking to sell a Diebold Optiva 500e lobby cash dispenser. Features include a 10.4-in. screen, Ethernet capability, two-high advanced function dispenser, a one-GB processor, a PCI serial communications adaptor, a EPP5 basic PIN pad, 80-mm receipt, polymer function keys, a UL 271 safe, and an alarm package with included door contact and heat thermo. The cash dispenser is one year old and in excellent condition after very light use. It is a current Diebold model, which sells new for nearly $11,000. SLECU is asking $4,500 or best offer. It is important to note that the purchaser will need to purchase software licenses and S/W installation from Diebold at a cost of approximately $2,000 in addition to usual supplies. More information is available on Diebold’s website. Interested parties are asked to contact SLECU’s Bill Bunze at 509.327.3244.

Do you have something to add to next month’s ‘Members in the News’? Contact Matt Halvorson, Anthem Editor:

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