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CU System briefs (04/30/2010)
KANSAS CITY, Mo. (5/3/10)--The Association of Corporate Credit Unions (ACCU) has appointed Larry Harmon as interim executive director. He replaces Brad Miller, who recently became president/CEO of Southeast Corporate FCU. Harmon is president of Qversal Financial Solutions LLC, based in Kansas City, Mo. Qversal provides consulting services to corporates, credit unions, broker-dealers and investment advisors on regulatory compliance, financial-project initiatives, mergers and enterprisewide risk- management initiatives. Harmon has more than 30 years' experience in the financial industry, with expertise in investments, derivatives, operations, payment systems and audit, and strategic planning and budgeting. "Our first objective will be to work closely with corporates as the [National Credit Union Administration] finalizes plans for a legacy asset program, and the pending developments with the rules and regulations governing corporates," said Harmon. Steve Roy, ACCU chairman and president/CEO of TRICORP FCU, Portland, Maine, noted Harmon's background with corporate credit unions, credit unions and the broader financial industry. "His understanding of the regulatory and compliance issues, coupled with a deep knowledge of financial analysis, will prove invaluable as we navigate the changing corporate environment," Roy said ... * MADISON, Wis. (5/3/10)--Brian McCrory has been appointed to represent the Irish League of Credit Unions (ILCU) as a director on the World Council of Credit Unions (WOCCU) board, replacing board representative Mark Bailey. McCrory, in his first year as an ILCU board member, spent six years on the ILCU Supervisory Committee and was chair in 2006-2007. He serves on the Legislation and Administration committees, is chair of the Northern Ireland Committee and editor of CU Focus magazine. He has also served on advisory committees to the first and deputy first ministers' offices in Northern Ireland's Legislative Assembly and as director of the Northern Ireland Social Economy Forum. An educator, he is credit committee chair of Belfast Teachers' CU Ltd. Bailey's original WOCCU board term expires in July, making McCrory eligible to run as an incumbent for another term. Earlier, it was announced that Anne Cochran, president/CEO of the Louisiana Credit Union League, was elected to the WOCCU treasurer position, which Bailey also had held (News Now April 22) ... *
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CHICAGO (5/3/10)--National Credit Union Administration (NCUA) Chairman Deb Debbie Matz, right, and NCUA Board Member Mike Fryzel, left, meet with Illinois Gov. Pat Quinn, center, during the Illinois Credit Union League’s 80th Annual Meeting in Chicago last week. Quinn--a staunch supporter of credit unions and a lifelong credit union member--and Matz were both keynote speakers at the event, which began Thursday and ended Saturday. Nearly 690 executives representing 120 credit unions attended the conference, said the league.(Photo provided by the National Credit Union Administration) ... * BOULDER, Colo. (5/3/10)--Elevations CU and Longs Peak CU announced Thursday plans to merge, subject to a vote by the members of Longs Peak CU and approval by regulators. If approved, the merger would take effect June 1, with each credit union operating separately until the organizations' integration is complete, which would require several months, said a press release. Elevations would be the name of the surviving organization, with Gerry Agnes continuing as president/CEO. Long Peakes CU President Lisa Cortese would become vice president of the Loveland market. The merger would result in an expanded Front Range market, which will include Boulder and Broomfield Counties plus the city of Loveland in Larimer County. Longs Peak Board Chair Bob Jansma said the merger "would mean a stronger credit union better able to meet the financial needs of all members." The merged credit union would have nine branches and additional products and services ... * PALM BAY, Fla. (5/3/10)--An off-duty security guard was credited for thwarting an attempted robbery of a Palm Bay, Fla., branch of Melbourne-based Space Coast CU Thursday afternoon. The suspect, Floyd Francis, 23, was arrested after the guard, Rueben Torres noted that Francis put a plastic bag on his head while waiting in line. Torres went to his car and got his gun, a 9mm, and pulled it on the would-be robber, who was weaponless and gave up (Orlando Sentinel and Florida Today April 29) ... * MONTPELIER, Vt. (5/3/10)--Gordon A. Fish, a longtime leader in Vermont's credit union movement, has died, the Association of Vermont Credit Unions has learned (Newslines Express April 30). Fish served on the board of the then-called Vermont Credit Union League from 1961 through 1969 and from 1978 to 1983. He was second vice chair of the board in 1978 and first vice-chair from 1979 through 1982. He also was a league appointed delegate to meetings of the Credit Union National Association, and was active in his chapter and on league committees. Fish was a board member and chairman/president of Fairbanks CU (now Northern Lights FCU) for many years ...


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