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CU System
CU System briefs (05/03/2011)
* NEW BERLIN, Wis. (5/4/11)--Jay Magulski, chief operating officer (COO) of New Berlin, Wis.-based Landmark CU, has been promoted to president/COO, while CEO Ron Kase retains his title as CEO, the credit union said Tuesday. The news was announced after Landmark earned $2.9 million in first quarter, compared with $2.08 million in first-quarter 2010. Delinquent loans declined to 2.37% of the portfolio--down from 2.87% a year earlier. Noting that "Landmark weathered the great recession with a strong balance sheet and earnings" and continued loaning to members and small businesses throughout the downturn, Kase said the credit union "is now in a strong position to build its leadership team of the future." Magulski has more than 25 years of experience. He joined Landmark in 2002 as vice president of business development and training. He became senior vice president in 2003, and COO in 2007. The credit union's board said it anticipates that Magulski will earn the CEO title sometime before Kase's official retirement date of Jan. 19, 2013 … * HIGHTSTOWN, N.J. (5/4/11)--The New Jersey Credit Union League will showcase the state's credit unions next week at the State House in Trenton. Volunteers from several credit unions will help man the league booth, which will be located strategically in the tunnel that connects the State House, State House Annex and Capitol Complex garage. They will be at the State House on Monday, when the Assembly meets in session, and again that Thursday, May 12, when Senate committees are scheduled to meet. "This is an excellent opportunity to highlight the great work of New Jersey's credit unions, raise our visibility among state lawmakers, as well as talk up municipal deposit reform," said league President/CEO Paul Gentile …


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