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CU System
CU System briefs (12/13/2012)
  • SAN ANTONIO (12/14/12)--San Antonio-based Security Service FCU has named Jim Laffoon as president (LoneStar Leaguer Dec. 11).  Laffoon will responsible for the credit union's day-to-day operations and provide leadership and strategic direction to the $6.7 billion credit union's more than 1,600 employees. Laffoon began his career at SSFCU in 1989, serving as primary strategist, corporate planner, technologist and operations manager. He was named executive vice president and chief operating officer in 2002. He previously served as a senior consultant at Arthur Anderson and Co. David E. Reynolds will continue to serve in the role of CEO. Reynolds has led the credit union since 1997 and will continue to represent the credit union in industry, trade and community matters as well as member events …
  • PITTSBURGH and MECHANICSBURG, Pa. (12/14/12)--AmeriChoice FCU, Mechanicsburg, Pa., is the newest member of the Federal Home Loan Bank (FHLB)  of Pittsburgh (India Insurance News Dec. 11). AmeriChoice, a $165.8 million asset credit union, becomes the 27th credit union member at the FHLBank Pittsburgh, a privately funded cooperative of commercial banks, thrifts, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia.  The FHLB will provide low-cost loans for community lending, general asset/liability management and financing. "As a fellow cooperative, FHLBank is aware of the needs of all our credit union members who each day work diligently to provide value to their own community membership," said Winthrop Watson, president/CEO of FHLBank Pittsburgh …


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