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CU System briefs (06/09/2008)
* MONTGOMERY, Ala. (6/10/08)--Alabama State Employees CU (ASE CU) is attracting twice as many new members each month since it began offering its Visa ClearCheck card last year (Montgomery Advertiser June 10). Before, about 200 new members joined the $139 million asset credit union each month; now it's about 400 a month, said Barry Mask, marketing director. The debit card won the 2008 Elan Award for the best secure financial card design from the International Card Manufacturers' Association, beating out cards from more than 100 banks and credit unions. ASE CU ordered 8,000 of the card and already has distributed more than 1,000 to new members. The credit union decided to offer the card after focus groups indicated they wanted a clear relationship with their financial institution … * HARRISBURG, Pa. (6/10/08)--Erie, Pa.-based Erie FCU has experienced two cases of fraudulent use of relay services for the hearing impaired, says the Pennsylvania Credit Union Association (PCUA) (Life is a Highway June 10). A relay service contacted the $243 million asset credit union in both cases and attempted to have funds wired-transferred from a member's account. The individuals knew the member's name, account number, Social Security number, address, phone number and mother's maiden name, said PCUA. In one case, the caller did not know the account's password and the credit union avoided a large loss. In the other, a call center representative knew the member was not hearing impaired. The credit union contacted the member while the fraudulent caller was still attempting to gain access to the account. The member placed a password on the account with no loss to the credit union … * RALEIGH, N.C. (6/10/08)--Coastal FCU announced Monday that as of May 31, it had surpassed $2 billion in assets, putting it in the Top 45 largest credit unions in the U.S. The Raleigh-based credit union has added more than $139 million in assets since Jan. 1 and increased membership by 8,000 to 177,000. Growth has been fueled by an influx of new checking account deposits and a spike in new mortgage business. The credit union's rates and commitment to helping people refinance out of adjustable loans led to nearly 100% increase in mortgage loan applications the past year. "When you've been around for more than 40 years, you can achieve this kind of growth," said President/CEO Larry Wilson. He noted that the average community bank is around for about five years before being considered a takeover target. The growth has resulted in a realignment of management responsibilities among staff, effective April 21 … * SAN DIMAS, Calif. (6/10/08)--Financial Service Centers Cooperative Inc. (FSCC) has named Ken Facer, executive vice president of Arrowhead CU, San Bernardino, Calif., as the 2008 Callahan Award winner. The award is presented annually to an individual whose dedication to FSCC has helped expand the reach of shared branching. Shown with Facer is Bonnie Kramer, FSCC executive vice president/chief operating officer, who presented the award on Thursday in Rancho Cucamonga, Calif. (Photo provided by the Financial Service Centers Cooperative Inc.) …


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