News & Notes: Here’s What’s Happening Around the Northwest
February 2, 2015
February 2, 2015
Qualstar Credit Union Gives $2.3 Million Back to Members
For the third year in a row, Qualstar Credit Union is putting money into their members’ accounts. The credit union’s board and management elected to return over $2.3 million to their members as “loyalty bonuses.”
“We are not the largest credit union in our market, but we have amazingly loyal members who continue to bring us business and refer us to friends and family,” said Tracey Elfstrom, Qualstar vice president of member relations. “We feel that an important part of the cooperative philosophy of credit unions is sharing our success with our members.”
Individual member bonuses were based on member involvement in the credit union in 2014, and ranged from $10 to several thousand dollars, with an average payout of $81.
“The best part for our staff is hearing what the members are planning to do with the money,” said Elfstrom. “We have had stories of members using their Loyalty Bonuses to help out relatives or neighbors in need, give back to charity, pay off bills, and a favorite this year obviously is buying Seahawks gear for the Super Bowl.”
Peninsula Credit Union’s Morrell Elected to NACHA Board
Jim Morrell, president and CEO of Peninsula Credit Union, has been elected to serve on the NACHA board of directors for a three-year term. “Payments are the thread weaving together consumers’ and businesses’ ability to participate in commerce,” said Morrell. “I am eager to leverage an enthusiasm for assisting the evolution of electronic payments.”
The NACHA administers and develops the automated clearing house (ACH) network that connects all 12,000 financial institutions in the U.S., and acts as an industry trade association. The ACH network moves money wirelessly from one account to another, supporting more than 90 percent of the total value of electronic payments in the U.S.
“With all of the changes facing the payments industry today, it’s an exciting time to serve on the NACHA Board of Directors,” said Russell K. Oatman, NACHA board chairperson. “Jim brings a wealth of experience and an important credit union perspective to the board, and we look forward to working with him as we support the strategic direction of the ACH Network.”
Providence Federal Credit Union Making it Rain Green
Providence Federal Credit Union is making it rain green this month, teaming up with Kells Irish Restaurant & Pub in Milwaukie, Oregon to raise money for the Center for Medically Fragile Children at Providence Child Center. The credit union has promised to match up to $15,000 in donations.
Through February 24, Providence members can stop by any of the credit union’s branches to donate, and when they do they will receive a coupon for 20% off food at Kells. Meanwhile, patrons at Kells will find umbrellas hanging upside-down from the ceiling, and are invited to toss bills and coins into them.
The money will “rain” down from ceiling when it is collected on February 24, matched by Providence Federal, and donated to Providence Child Center.
“We couldn’t be more thrilled then to team up with Gerald and Lucille McAleese, owners of Kells Irish Restaurants,” said Shirley Cate, president and CEO of Providence Federal Credit Union. “Like us, they deeply care about Providence Child Center and their community. Together, along with our members and their patrons, we will make it pour buckets of green!”
Oregon Community Credit Union Hires Vice President of Technology
Ty Robbins has joined Oregon Community Credit Union as Vice President of Technology and will oversee the broad array of technology services that support the credit union, including business application delivery and performance, data security and integrity, disaster recovery/business continuity, and enterprise project management.
Robbins brings more than 20 years experience in technology infrastructure design and implementation, agile development methodology and project management. He will lead a technology team focused on delivering state of the art technology, identifying and implementing best practices related to standards and regulatory requirements, and innovating efficiencies in business processes.
Robbins holds bachelor’s degrees in Architecture/Structural Design and Civil Engineering/Structural Engineering from Texas Tech University. He was most recently Director of Technical Infrastructure, Americas, ACT Conferencing in Lakewood, Colorado and relocated to the Eugene, Oregon area with his wife and two children.
Questions about this story? Contact James Pearson: 206.340.4790, firstname.lastname@example.org.
Posted in Federal.