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CU System briefs (02/01/2013)
  • SANTA ROSA, Calif. (2/1/13)--Community First CU reported a record asset increase for 2012, driven by consumers dedicated to keeping their money local, the credit union said. The credit union reported a surge in assets of 15.8% to $150.6 million. Membership rose 18.9% to 15,627 members. The Santa Rosa, Calif.-based credit union also reported double-digit increases in deposits and checking accounts for the second consecutive year. Real estate lending jumped 94.8% to $60 million. Auto loans surged about 28% to $20.7 million. Net revenue of $1.3 million was the second best in the 52-year history of the credit union (Press Democrat Jan. 29) …
  • NORTH HIGHLANDS, Calif. (2/1/13)--SAFE CU has promoted Dave Roughton to president/chief operating officer.  Roughton previously served as executive vice president at the $1.871 billion asset, North Highlands, Calif.-based credit union. SAFE CU is expanding its executive structure amid anticipated continued growth. The appointment means CEO Henry Wirz can focus on SAFE's development strategies, long-term business plan and working more closely with the credit union's board. Roughton has been with SAFE nearly 20 years and previously worked as SAFE's external certified public accountant ( Jan. 30) …
  • MARLBOROUGH, Mass. (2/1/13)--Marlborough, Mass.-based St. Mary's CU has appointed James "Jim" Garvey as president/CEO, effective Feb. 19. Garvey was president/CEO of Borel Private Bank, San Mateo, Calif., and Charter Private Bank, Seattle. Both are subsidiaries of Boston Private Financial Holdings. Garvey also led Flagship Bank and Trust in Worcester from 2001 to 2009, when the bank was acquired, and served at Safety Fund National Bank in Fitchburg and Shawmut Bank. He will succeed Thomas H. Wellen, who has served in an interim position since June. (Community Advocate Jan. 29) …
  • UTICA, N.Y. (2/1/13)--Philip G. Vanno Jr. of Utica, N.Y., died Tuesday at the age of 61 after a battle with cancer. He was a board member and held volunteer leadership positions at the $1.1 billion asset AmeriCU CU, based in Rome, N.Y. Vanno worked most recently as a city labor relations specialist, after retiring after 30 years with Business and Technology Park and Griffiss Air Force Base. He was active in the community and was a part-time substitute teacher and teaching assistant for the Utica School District (Observer-Dispatch Jan. 30) …


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