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CU System briefs (04/14/2008)
* NORTHVILLE TOWNSHIP, Mich. (4/15/08)--Sixty-five representatives of credit unions attended a reception organized by the Michigan Credit Union League (MCUL) for Ken Ross, Michigan's new commissioner of the Office of Financial and Insurance Regulation (OFIR). The April 4 event was hosted by Michigan First CU, Lathrup Village (Michigan Monitor April 14). Ross--former vice president of regulatory and legal affairs at MCUL--was appointed by Gov. Jennifer Granholm to head the agency in February. He told the group he appreciates "the value of a financial cooperative where people have control of their own finances. When times are hard, credit unions can play a key role in helping members keep their car so that they can get to work, or kept their homes so that they don't end up on the street." From left are MCUL President/CEO David Adams; Ross; and Michigan First CU President/CEO Mike Poulos. (Photo provided by the Michigan Credit Union League) … * SAN ANTONIO and PLANO, Texas (4/15/08)--Southwest Corporate FCU received a trophy for the Best Network Security Program in 2007 from Digital Defense Inc. (DDI), which provides information security assessment services and Software as a Service (SaaS) security compliance solutions. Each year DDI selects one client to receive the award (Business Wire April 14). Mark Belle, DDI vice president of security and compliance operations, presented the award at the corporate's Plano, Texas, headquarters. "We place a very high priority on information security," said Jerry Delezen, vice president, information technology at Southwest Corporate … * GERMANTOWN, Md. (4/15/08)--Mid-Atlantic FCU (MAFCU) announced the funding of its first small business loan under the Small Business Administration's (SBA) 7(a) Guaranteed Loan Program. MAFCU said it was the first credit union in the Washington Metropolitan Area to receive authorization to originate loans of this type. "We sought SBA authorization in an effort to provide a full range of financing options to business owners in Montgomery County," said Frank Amantia, vice president of commercial and mortgage lending at the $200 million-plus asset credit union … * NORTHVILLE TOWNSHIP, Mich. (4/15/08)--Catherine A. Roberts, CEO of Community Choice CU, Livonia, Mich., will retire June 30 after 32 years as a credit union CEO. Robert Bava, president of Community Choice CU, will succeed her (Michigan Monitor April 14). Upon her retirement, Roberts will become the credit union's president of legislative affairs to devote more time to educating legislators about the value of credit union membership. Roberts also will continue her position as secretary of the World Council of Credit Unions (WOCCU). Since 1976, she has led several credit unions, including Trenton Resins CU; Monsanto Employees FCU; and Research FCU, which merged with Community Choice CU in 2007. She also has served as a Michigan Credit Union League director and alternate director, and as director at the Credit Union National Association and at WOCCU …


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