Season's Greetings!

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					Issue 11
December 2006



Honoring Our Heros
Billie Blanchard, 2nd vice chair
                                               Season’s Greetings!
and Army Representative
President/CEO, Military and Civilian
FCU, Ft. Wainwright, Alaska
                                               C     an you believe it? 2006 is out; 2007 is in! What a year!
                                                     At the beginning of the year, we were addressing Base Realign-
                                               ment and Closure (BRAC), the National Military Strategy, DoD
                                               Transformation and the Overseas Basing Report…and the impact

W       e had planned and prepared for
       our heroes to be home in August and
then the news came that they were extended
                                               each would have on your support of our troops and their families.
                                               As the year progressed, we not only focused in those areas, but also
                                               on major issues such as the one credit union/one bank policy, land Roland A. Arteaga
and being sent into some of the heaviest       lease, Morale Welfare and Recreation sponsorships, personal commercial solicitation,
fighting in the worst parts of Baghdad. Our    shared branching, predatory lending and financial readiness.
small community was profoundly affected             For the past several months we have overseen the publication of the Commander
for over 450 days while our soldiers from      and Installation Banking and Credit Union Liaison Officer Deskguide…the Department of
Ft Wainwright were deployed and in harm’s      Defense Instruction 1344.07 (Personal Commercial Solicitation on DoD Installations)…and
way. Now that our soldiers are home, we        the Department of Defense’s Report to Congress on Predatory Lending. We have kept
are honoring them as heroes.                   watch over approved legislation, such as Regulatory Relief (which includes a provision for
     Yesterday I sat through one of several    a no-cost land lease); the 2007 National Defense Authorization Act (which includes limita-
ceremonies that will take place now that our   tions on consumer credit to military personnel), and the Military Personnel Financial
172nd Stryker brigade, The Arctic Wolves,      Services Act (which provides for regulatory oversight of financial services sales on DoD instal-
has returned. Twenty-six soldiers died         lations). And we have worked with the Department of Defense and the Consumer Federa-
while serving with the brigade, 19 of them     tion of America to ensure the full implementation and successful launching of the Depart-
during the first 12 months in northern         ment’s first-ever Military Saves Week!
and western Iraq, and seven in Baghdad              Throughout the year, we noted the issues important to you and addressed the same
after the extension of the tour. Ten other     with the respective military departments. We offered them advice…gave them support…and
service members died while attached to         provided them input and recommendations, so you could better fulfill your role…so you
the 172nd or assisting the brigade with        could deliver your products and services!
combat operations. Our fallen were                  Bottom line: 2006 has come and gone; however, the successes and challenges we expe-
honored with a silent roll call and slide      rienced throughout the year will prevail….they will prevail into the new year.
show during which the brigade command               In 2007, DoD will be developing the regulation to implement the limitations on
sergeant major called out their names.         consumer credit and 36% loan cap; they will be issuing interim guidance on the no-cost
Those family members of the fallen in          land lease provision is pending; they will be refining In-Kind Consideration in the Liaison
attendance were given red roses.               Officer’s Deskguide; they will be overseeing the sale of insurance and security products;
     A memorial wall has been established      they will be launching (in partnership with Consumer Federation of America) the
at our Battle Command Training Center          inaugural Military Saves Week; and they will be heavily promoting financial education and
featuring plaques with each soldier’s photo    consumer awareness.
hung on the wall. During a ceremony, in             DoD budgets in 2007 will again be tight; deployments will continue; transformation and
front of the memorial wall sat a pair of       BRAC will move forward; Overseas Rebasing and the drawdown will continue; the Overseas
combat boots, Kevlar helmet and goggles        Military Banking Program will expand; and MWR…Fair Market Value…In-store Bank-
and a rifle with a bayonet on which 36 dog     ing…One Credit Union/One Bank policy…and E-commerce will remain of concern.
                         continued on page 5                                                                              continued on page 11
          DEFENSE CREDIT                             Travis Credit Union Brings
     is an association of credit unions serving
         Department of Defense personnel,
                                                     Holiday Joy to the Community
          military and civilian, worldwide.
                                                     Lila Dressen, Travis Credit Union

                   Ralph R. Story
                                                           his holiday season, Travis Credit Union
                                                          members and employees are reach-
                Gordon A. Simmons
                 1st vice chairman
                                                     ing out to the community and people in
                                                     need by taking part in the Solano and Contra
                  Billie Blanchard
                 2nd vice chairman                   Costa Food Banks annual food drive, The
                                                     Festival of Trees, Christmas Wish 2006,
                    Dave Davis
                     treasurer                       and the 2006 Children’s Miracle Network
                    Frank Padak
                                                     Holiday Stocking Campaign.
                      secretary                           Each year Travis Credit Union helps the
        Robert E. Morgan and Jean Yokum              working poor, seniors, single parents, and the
                   members                           homeless in Solano County through their
                                                     annual food drive. Credit union employees,
                COUNCIL STAFF
                 Roland A. Arteaga                   members and the general public are encour-
                  president/CEO                      aged to bring non-perishable foods to all
                Deborah J. Morello                   Travis Credit Union branches in Solano,
                                                                                                       Travis CU staff participates in the
                executive assistant                  Yolo and Conta Costa Counties Monday, Christmas Wish program
                   Beth Merlo                        November 27 through January 31, 2007.
              administrative assistant               Specially printed grocery bags for the drive will be inserted in several local papers includi-
                Jennifer Hernandez                   ng the Dixon Tribune, Fairfield Daily Republic, Contra Costa Times, East County Times and
              administrative assistant               the Vacaville Reporter. Donations will go directly to the Food Bank of Solano, Yolo, and
                 Sidney Holland                      Conta Costa and will be distributed in the counties that they are received.
             comptroller-representative                    Another way Travis Credit Union is helping others this holiday season is through the
                    Janet Sked                       2006 Children’s Miracle Network Holiday Stocking Campaign. Travis Credit Union em-
                conference manager                   ployees and members can purchase and sign as many paper stockings as they want for $1
                                                     each to support the health needs of children. The stockings are available for sale and will
                                                     be displayed at Travis Credit Union branches from November 24 through December
                                                     23, 2006. Proceeds from this year’s campaign will go to UC Davis Medical Center in
                                                     Sacramento and Valley Children’s Hospital in Merced County. Last year members and
    is the official publication of the Council.      employees donated more than $6,000.
    One copy of ALERT is mailed first-class to             Additionally, Travis Credit Union has been the number one corporate sponsor for the
    each defense credit union as a membership
    service. Defense credit unions may order ad-
                                                     Christmas Wish program for the past six years. In 2005, employees donated more than
    ditional copies (three or more) to be mailed     300 gifts to the program. Their generous giving ensures that less fortunate children are
    in bulk to one address at $10.00 per copy        granted the one wish that they have made for Christmas. How does it work? Children
    per year. Individual subscriptions mailed
    first class to defense credit union members
                                                     place their wishes on ornaments so that sponsors may buy an appropriate gift for them.
    are $15.00 per year; to all others $25.00        Sponsors may also make a cash donation that will be used to purchase gifts. This year,
    per year. ALERT is published monthly except      Travis Credit Union will again help children on AFDC/Cal Works, which includes local
    for the month the annual conference and
    membership meeting are held. In accepting a
                                                     children of the working poor as well as foster children. Members and the public can also
    limited amount of advertising (two advertise-    participate in this worthwhile program. Ornaments will be available from November 28
    ments per issue), the Council as a matter        through December 1, 2006 at the Festival of Trees located at the Vacaville Skating Center.
    of strict policy does not in any way endorse
    either the product or the vendor. The right to
                                                           This is the third year that TCU has participated in the Festival of Trees, which benefits
    refuse advertising for any reason whatsoever     Opportunity House, Vacaville’s homeless shelter. What started out as a labor of love years
    is reserved. DCUC dues are not deductible        ago has become a special holiday tradition in the Vacaville community, one that represents
    as a charitable contribution for federal
    tax purposes, but may be deductible as a
                                                     families, fun, giving, and the spirit of the holidays. Churches, businesses, organizations,
    business expense. Reproduction of ALERT          and individuals, working together for a common cause, have made this all-volunteer-
    material in whole or in part is authorized for   supported festival—the shelter’s primary fund-raiser—extremely successful. Each year the
    Council members only. Address all corre-
    spondence to Defense Credit Union Council,
                                                     festival presents a forest of beautiful Christmas trees, which are auctioned off to the highest
    Inc., 601 Pennsylvania Avenue, NW, South         bidder. This year will feature 95 elaborately decorated trees, each with its own unique
    Building, Suite 600, Washington, D.C.            theme. TCU is donating a themed tree entitled “Nutcracker’s Dream” for auction.
    20004-2601. Telephone: 202/638-3950;
    FAX: 202/638-3410; e-mail: dcaruso@ cuna.
                                                           “Through these programs and others like them, we are reaching out to people in need,”
    coop or;            says Patsy Van Ouwerkerk, president and CEO of Travis Credit Union. “We are proud to
                                                     be helping the community and at the same time making a difference in people’s lives.”

2                                                                                                   DEFENSE CREDIT UNION COUNCIL, INC.
Air Force FCU Rededicates Main Branch
Danny Sanchez, Air Force FCU
                                                                                                 Navy Federal’s
                                                                                                 St. Marys Branch
A     ir Force FCU is proud to announce the rededication of its Main Branch, located at
       2250 Kenly Ave. on Lackland AFB, on Thursday, October 19, 2006.
     A ribbon cutting ceremony began at 6 p.m. that rededicated the building first
                                                                                                 Raises More Than
                                                                                                 $2,000 for Toys
constructed in 1976. A celebration for members and dignitaries commenced afterward
until 8 p.m.
                                                                                                 for Tots
     The renovation and planning of the Main Branch began in October 2004. It is now             Keasha Lee, Public Relations
equipped with several technological and structural enhancements to better serve members          Specialist
with increased speed, efficiency and accuracy. They include three new drive-thru lanes
and drive-up ATMs, Remote Teller Stations, additional Financial Services Representa-
tive Stations, automated coin counter, safe deposit boxes and online banking stations.           N      avy Federal’s St. Marys branch
                                                                                                        raised $2,028 during its first
                                                                                                 special event to kick-off the 2006 Toys
     A coffee bar, children’s play area and televisions with news and product updates is
also available in the lobby area for members’ comfort. Members will still be serviced by the     for Tots campaign. Branch employees
same quality staff they’ve come to know over they years.                                         sold hotdogs and created personalized
     “We’ve added many new services and have taken the Main Branch from the 1970’s into          Christmas ornaments for members
the 21st Century,” said President/CEO Robert A. Glenn of the two year project. “And when         while Santa and his elf greeted and
you expend that much energy to create it, it’s only right that you pause and celebrate.”         posed for pictures with children.
                                                                                                       “We are very happy that our very
                                                                                                 first kick-off celebration was such a
                                                                                                 success,” said Vanessa Bennett, Man-
America’s Credit Union’s Sixth Annual                                                            ager, St. Marys Branch. “It always feels
                                                                                                 good to give back to the community
Holiday Support Golf Tournament                                                                  and there is something especially won-
                                                                                                 derful about bringing joy to the lives of
Sherrie Teague, Marketing Specialist                                                             the children who need it the most.”
                                                                                                       The mission of the U.S. Marine

N     either wind, nor rain, nor cold could keep golfers from turning out to raise money
      for the Fort Lewis military community. On November 3, America’s Credit Union
held its sixth annual Holiday Troop Support Golf Tournament at the Fort Lewis Golf
                                                                                                 Corps Toys for Tots program is to
                                                                                                 deliver, through a shiny new toy at
                                                                                                 Christmas, a message of hope to needy
Course. Several local businesses and golfers participated to make a better holiday season        youngsters that will motivate them
for local soldiers and their families.                                                           to grow into responsible, productive,
     Over $15,000 was raised for Santa’s Castle (children’s toy program), Madigan Founda-        patriotic citizens and community
tion, and the Food Basket Programs of Fort Lewis. The dollars were generated by the fol-         leaders. For information about the
lowing sponsors: Albers & Associates, Tacoma Rainiers, The Fort Lewis Ranger News-               Toys for Tots Foundation, visit www.
paper, Fresh NW Design, Allied Solutions, Arrow Cleaning, Bruce Titus Automotive,      
Credit Union Direct Lending, Bremerton Dodge, Car Pros, Enterprise Car Sales, Fieldstone
Mortgage, First American Title, McMullen Electric, Geico Direct, Chito Graphic and
Design, Designated Escrow, Merit Company, Olympic Data, Seattle Mortgage, Sound
Credit Union, Madigan Foundation, Vernon Sales Company, Ascend United/the Washing-
                                                                                               Keesler FCU
ton Credit Union League, the Fort Lewis Commissary, Awards by Wilson, Zenczak and              Disburses 2006
Partners, and America’s Credit Union.
     Kenneth S. Leonard, President/CEO of America’s Credit Union said, “The spirit of          Christmas Savings
our business associates and the individuals that make up this community, has truly been        Nell Schmidt, Business
a blessing this year for our military soldiers and their families.”                            Development Director
     For more information on the sponsorship opportunities of the Annual Holiday Troop

Support Golf Tournament, 2007, please contact America’s Credit Union at 253-964-3113.                 eesler FCU has disbursed 2006
                                                                                                       Christmas Savings account pro-
                                                                                               ceeds totaling $4,506,673.85 to 16,103
     Military Saves Resource                                                                   of its members. Dividends of 2.25% were
                                                                                               paid on these accounts. Keesler Federal’s
        Kit Available Now!                                                                     Christmas Savings is a specialized savings
                                                                                               program designed to help members save
                                                                                               for the holidays. Members are encouraged

                       Visit                                                     to open their Christmas Savings accounts
                                                                                               until the end of January 2007 for the 2007
                                                                                               holiday season.

DEFENSE CREDIT UNION COUNCIL, INC.                                                                                                           3
                                                                                                   Security Service
                                                                                                   FCU Becomes San
                                                                                                   Antonio’s First CU
                                                                                                   Preferred Lender
                                                                                                   Courtesy of Security Service FCU

                                                                                                   T     he Small Business Administration re-
                                                                                                         cently designated Security Service
                                                                                                   FCU as the first credit union in its
                                                                                                   San Antonio district to receive Preferred
                                                                                                   Lender status. The $3.9 billion Security
                                                                                                   Service FCU was the first San Antonio
                                                                                                   CU to become an SBA lender in 2003
                                                                                                   and has issued more than $4 million in
                                                                                                   loans to area small businesses, according
                                                                                                   to SBA’s San Antonio office. The CU was
                                                                                                   also designated a SBAExpress Lender in
                                                                                                   2005. Obtaining that designation allows
Global Honors Military Hero                                                                        Security Service FCU to offer small busi-
Linda Backlund, Manager Corporate Communications                                                   nesses revolving lines of credit.
                                                                                                        The Preferred Lender designation “al-
Global Credit Union recently sponsored the Military Hero of the Year at a luncheon Honoring        lows us to help our members obtain SBA
Hometown Heroes, presented by the American Red Cross. TSgt. Michael Bergquist spotted              loans in a much more timely and efficient
a woman who had been thrown from her kayak and marooned in the deep, fast-moving
                                                                                                   manner, assisting them to meet their busi-
water of the Yakima River. He dove into the icy water, putting his safety at risk, to pull her
to safety. Global Credit Union Senior Vice President/COO, Mary Starkey, presented TSgt.            ness needs,” said John Worthington, Secu-
Bergquist with his award. Photo provided by Global CU.                                             rity Service FCU senior vice president.
                                                                                                        Access to capital is a vital element in
                                                                                                   the development, growth, and success of
Retirement Announced: Paul E. Norton,                                                              businesses in the community, said Cindy
                                                                                                   Solano, lead lender relations specialist for
Chairman of the Board, SAC FCU                                                                     the San Antonio SBA office. “Security
                                                                                                   Service FCU is an advocate of the products
Jackie Boryca, V.P. Marketing                                                                      and services of the SBA to aid and assist
                                                                                                   those small businesses,” Solano said. “The
P    aul E. Norton, Chairman of the Board of SAC FCU,
     recently announced his retirement. He was honored at
an Open House followed by a private dinner party. Norton
                                                                                                   recognition further solidifies the experience
                                                                                                   and commitment of Security Service FCU
was honored for his 35 years of service to the Credit Union.                                       with the community.”
He was presented the Champion’s Award by Megan Lucas,                                                   The Preferred Lender program is an-
President & CEO of the Bellevue Chamber. The Jewel of                                              other way that allows the SBA to “stream-
Bellevue award was presented by Mayor Jerry Ryan; an Admi-                                         line” the procedures required to provide
ralship in the Nebraska Navy was presented by Senator Abbie                                        financial assistance to the small business
Cornett; and Keith Brown the Chairman of the Nebraska Credit                                       community, the agency said. Under the
Union League read a letter from Scott Sullivan, President of the                                   program, SBA delegates loan approval,
Nebraska Credit Union League. Norton was presented a framed picture of the SAC FCU                 closing and most servicing and liquidation
main location (artwork by Debra Groesser of Wind Song Art Gallery) and a copy of The               authority and responsibility to carefully
Omaha Book signed by the Board of Directors and Senior Management.                                 selected lenders.
     At the Credit Union’s Annual Meeting and 60th Anniversary on October 28, 2006,
Paul Norton was surprised by a special guest and friend from Washington, D.C., Arty
Arteaga, President & CEO of the Defense Credit Union Council, presented Norton                         GOT NEWS?
with a framed Flag that had flown over the Pentagon. Other special presentations were                      Get your share of
made by Board Member Douglas A. Frost, Credit Union’s President, James A. Guretzky,                           the spotlight!
Brig. Gen. Jonathan George, Commander 55th Wing, and Chairman of the Nebraska                               E-mail your news
Credit Union League, Keith Brown. At the October 30, 2006 Board Meeting, Paul E. Nor-                      to Debbie Morello
ton was designated Chairman Emeritus and Board Member Emeritus in a resolution that                     at
was recorded in the permanent records of SAC FCU.

4                                                                                                DEFENSE CREDIT UNION COUNCIL, INC.
                                                                                                  A VIEW FROM THE BOARD ROOM
  Pen Air FCU Presents $5,000 to Children’s Miracle Network                                       continued from page 1
  Patty Veal, Marketing Manager                                                                   tags hung with the names of each of the
                                                                                                  men and women on the wall. Our com-
  Pen Air FCU proudly presented Sacred Heart Foundation with a check for $5,000 for               mander quoted the phrase “Soldiers never
  the Children’s Miracle Network. Funds raised go towards medical services and re-                truly die until we forget them.” He went
  search for children health issues and pick up some of the expenses to keep costs                on to say “Arctic Wolves, you will never be
  down for children with major medical needs. The $5,000 was raised from Pen                      forgotten.”
  Air Federal Credit Union’s staff selling candy, cards, and other fundraising ac-                      Our community will turn out in mass
  tivities. “We are happy to help such a worthy cause and also partner with one of our            just before the Christmas holiday to honor
  select employee groups (Sacred Heart Hospital) who allows us to offer Credit Union              our heroes and their families with a fun
  services to their employees,” said John A. Davis, Jr., President/ CEO of Pen Air Federal        filled day of events. It’s our way of saying,
  Credit Union.                                                                                   “Welcome home and thank you.” The
                                                                                                  Fairbanks and North Pole communities are
                                                                                                  just two of thousands across the country
                                                                                                  supporting our men and women in our
                                                                                                  armed forces.
                                                                                                        Yesterday was just one more day that
                                                                                                  brought home to me how lucky we are to
                                                                                                  live in America—the land of the free and
                                                                                                  the home of the brave. I am proud to be
                                                                                                  a member of our great community and
                                                                                                  proud to be an American.
                                                                                                        I know that MAC Federal Credit
                                                                                                  Union joins all of the DCUC credit
                                                                                                  unions who are keeping our troops in their
                                                                                                  thoughts, not just this holiday season, but
                                                                                                  each and every day.

                                                                                                    Now Taking
Fort Belvoir FCU and Woodbridge Senior High School Ribbon Cutting
                                                                                                    Applications for
                                                                                                    GEM Scholarships!
Fort Belvoir FCU and Woodbridge Senior                                                              In 1996 the Defense Council set

High School Celebrate Grand Opening!                                                                in motion the establishment of the
                                                                                                    George E. Myers Scholarship Fund.
                                                                                                    The Fund’s purpose is to provide
Jacqueline Connor, Fort Belvoir FCU                                                                 scholarships and enhance the pro-
                                                                                                    fessional knowledge and leadership
                                                                                                    skills of management, volunteers

F    ort Belvoir FCU and Woodbridge Senior High School celebrated the official opening
      of the school’s new student-run credit union, The Viking Vault with a ribbon cutting
ceremony on Wednesday, November 29, 2006. The Viking Vault is a full-service credit
                                                                                                    and staff of DCUC member credit
                                                                                                         It is time now to apply for the
union, where students, staff and family members may open accounts, make deposits and                2006 Scholarship, and we hope
                                                                                                    you will encourage your personnel
withdrawals, or apply for loans.                                                                    to apply. Enclosed are: Scholarship
      In attendance were National Credit Union Administration (NCUA) Chairman                       Application form, Award Criteria and
JoAnn Johnson and Board Member Gigi Hyland who were joined at the ceremony by                       Administrative Guidelines and guide-
students, local school officials, and Patricia Kimmel; President and CEO, Fort Belvoir              lines for completion of the application
FCU. “It is never too early to start developing healthy financial habits,” said Chairman            form. Interested management and
                                                                                                    staf f personnel should complete
Johnson. “The Viking Vault will certainly give educators, students, and parents the oppor-          the enclosed application form and
tunity to work together to achieve this vital objective. I admire their innovative and coopera-     return it to this office by December
tive spirit, and I am certain that the results will benefit them for a lifetime.”                   30, 2006. This is an excellent op-
      The Viking Vault is the second student-run high school branch for Fort Belvoir                por tunity to fur ther enhance the
FCU. The Champions’ Branch has already offered more than just banking experience                    professional development of your
                                                                                                    staff…and a great way to attend the
for Gar-Field students. International Baccalaureate art students had a hand in the credit           DCUC Conference in 2007. Don’t let
union’s promotions, and the branch itself is staffed by students who have been trained by           this opportunity slip; advise your folks
the Fort Belvoir FCU. These same students work for the credit union at other branches               of the GEM Scholarship today!
during the weekends.

DEFENSE CREDIT UNION COUNCIL, INC.                                                                                                             5
Pen Air FCU Raises over $11,000                                                                     Aberdeen
in Support of the Annual Leukemia/                                                                  Proving Ground
Lymphoma “Light the Night” Walk                                                                     FCU Hosts
Chrissy Gregory, Marketing Representative                                                           a Marketing
                                                                                                    Roundtable Event
R     ecently in Seville Square, Pensacola, Florida, the Leukemia/Lymphoma Society had
       its annual “Light the Night” walk with Pen Air FCU as a major sponsor. Pen Air
FCU’s CEO/President, John A. Davis, was the “Light the Night” Chairperson for the                   Desiré Phelps, Aberdeen
Gulf Coast division of the Leukemia/Lymphoma Society. John A. Davis stated, “My                     Proving Ground FCU

employees and I felt privileged to be able to be involved and walk for a great cause such                  berdeen Proving Ground FCU
as the Leukemia/Lymphoma Society.”                                                                         hosted a Marketing Roundtable
                                           The Leukemia/Lymphoma Society is one                     event for MDDCCUA affiliated credit
                                     of the largest voluntary health organizations in               unions in November. This meeting of
                                     the world. This annual Leukemia/Lymphoma Soci-                 the minds included marketing managers
                                     ety walk includes the survivors of blood cancers, the          from across Maryland and D.C. Held
                                     families that have lost loved ones to this cancer and          quarterly at different credit unions, the
                                     area supporters. The money raised will go to help              Roundtable serves as a creative sounding
                                     with the research and education of blood cancers and           board, brainstorming session, and open
                                     also help with patient needs.                                  discussion forum.
                                           Pen Air FCU has worked diligently throughout                   As an added value for all attendees,
                                     the year to raise money for the Leukemia/Lymphoma              formal presentations on strategy and
                                     Society. In order to raise the needed funds, the employ-       execution were given by members of the
                                     ees of Pen Air FCU took part in many different events          Aberdeen Proving Ground FCU market-
                                     throughout the year. These fund raising events included        ing department. Stacey Rebbert, AVP
                                     special dress days such as Casual Days and 70’s Day,           Marketing, discussed “What’s Behind
                                     bake sales, luncheon sales, yard sales and numerous            the Bells and Whistles?,” a guided tour
                                     raffles. Pen Air FCU was extremely gracious to be able         of ways to ensure the effectiveness and
John A. Davis CEO/President          to donate $11,000.00 to the Leukemia/Lymphoma                  efficiency of the marketing operation.
of Pen Air FCU and Chair-            Society the night of the annual walk. That night, 100                Nick Bengel, Aberdeen Proving
person for “Light the Night”         employees and their families came together to “Light           Ground FCU Research and Development
walk welcomes and thanks ev-         the Night” by walking two miles through down-                  Director, presented the “Ten Ways to
eryone for coming out to support
the Leukemia/Lymphoma Soci-
                                     town Pensacola with red and white lighted balloons in          Make Cream from Milking your Data-
ety. Photo provided by Pen Air       hand. It was an encouraging night for all that attend-         base,” and discussed how to bring sanity
FCU.                                 ed as well as for the Leukemia/Lymphoma Society.               to research statistics by concentrating on
                                                                                                    the messages they hide.
                                                                                                          The Roundtable recognizes that
Tower FCU Host Appreciation Luncheon                                                                credit union triumphs are not only vital
Natasha Henry, Tower FCU                                                                            to the individual credit union, but bring
                                                                                                    momentum and validity to the entire credit

T     ower’s annual Employee Appreciation Luncheon and first ever “Pay for Jeans Day,”
     benefiting the Children’s Miracle Network was held last October at Tower Head-
quarters. This year’s luncheon had a fun sports theme. For a $5 donation to the Children’s
                                                                                                    union movement. The next Roundtable
                                                                                                    is scheduled for February 2007.

Miracle Network and Johns Hopkins Children’s Center in Baltimore, MD, employees
received a “Making Miracles Happen/Casual for Kids” sticker and were allowed to wear
jeans and their favorite sports team sweatshirt, T-shirt or jersey. Employees were thrilled
to join in and contributed $1,615 for a chance to dress down for the day. Tower matched
the funds, bringing the grand total to $3,230.
     Employees enjoyed a tasty catered barbecue with all the fixings, and an assortment of
delicious fruit pies for dessert. Approximately 40 gift cards to retail stores and restaurants
were given as door prizes during raffle drawings held every half hour. After lunch,
employees played indoor and outdoor games. The game winners were entered into
another drawing for additional gift card prizes.                                                       Issues 2007
     Kristen Nock, Associate Director of Development for Johns Hopkins Children’s
Center, remarked, “The employees of Tower Federal Credit Union are so generous and
                                                                                                           Register now at
caring. The Johns Hopkins Children’s Center is fortunate to partner with you on behalf           
of all the patients and families that visit us each year.”

6                                                                                                DEFENSE CREDIT UNION COUNCIL, INC.
DCUC Joins WesCorp in Sponsoring Annual                                                           military bases in the Hawaiian Islands.
                                                                                                  The host credit unions will be announced
Credit Union Tribute to Deployed Personnel                                                        when they are in place,” Laskos said.
                                                                                                       Since its debut in 2004, OBW has seen
Article courtesy of WesCorp                    rently being developed to visit East Coast         hundreds of family members take advantage
                                               military-affiliated credit unions expected to      of this free offering through a credit union

W        esCorp officials announced the
        kickoff of Operation Best Wishes
(OBW) in October, marking the third
                                               be experiencing heavy deployment at that
                                               time. Last year’s effort saw Marine FCU
                                               in Jacksonville, North Carolina, and Navy
                                                                                                  hosting the event. OBW sets up a mobile
                                                                                                  webcast studio at the credit union where
                                                                                                  the holiday greetings are recorded. In addi-
consecutive year that the program will         FCU in Norfolk, Virginia, host the Webcast         tion to families, the program has also seen
be offered to military families on behalf      sessions on the East Coast.                        Congressmen Ed Royce and David Dreier
of America’s credit unions. This year’s              “We’re still in the process of identifying   record messages to their constituents. It has
campaign will also see WesCorp team            credit unions for this year’s tour,” reported      also attracted extensive local and national
up with the Defense Credit Union Coun-         Walt Laskos, public relations director at          news media coverage for credit unions,
cil to produce the event and promote it        WesCorp and point-person for the cor-              with stories appearing in newspapers and
among military personnel throughout            porate credit union’s annual effort. “The          on radio and television.
the country.                                   big benefit for us this year is having the
     Operation Best Wishes is a program        Defense Credit Union Council join in our
giving military families an opportunity to     effort, helping us to identify military bases
                                               with heavy deployment. Now we can bet-
                                                                                                  Langley FCU
webcast personal greetings to loved ones de-
ployed overseas during the holiday season.     ter direct our efforts to those credit unions      Saves Members
Loved ones can access the webcast “live”
and respond via instant text messaging, or
                                               experiencing the most impact of having
                                               family members separated by deployment.            Over $1,000,000
they can access the archived message time      It allows us to extend our reach to serve          Sue Thrash, Director of Research
and time again from a specially designed       the greatest number of families with the           & Communications
Web site,         resources we have at our disposal.”
     This year, the OBW campaign kicked
off on October 28 at Military and Civil-
ian FCU in Fort Wainwright, Alaska.
                                                     Laskos went on to explain that since
                                               West Coast deployment appears to be cur-
                                               rently at its height, the tour will be reaching
                                                                                                  L     angley FCU’s payday loan alterna-
                                                                                                         tive program, QuickCash, has saved
                                                                                                  members who might have otherwise used a
The credit union hosted two full days of       out to bases in the West during the Thanks-        payday lender, more than $1,000,000 since
webcasting sessions.                           giving and holiday season. “We’re finalizing       its inception in July 2004. The QuickCash
     This year, the OBW campaign will          plans with Pacific Marine Credit Union at          Loan is an affordable alternative to payday
also extend into early 2007 with plans cur-    Camp Pendleton. We’re also looking at              lenders, featuring the quick turnaround
                                                                                                  members need with a fixed rate of 18%
                                                                                                  APR which translates into huge savings.
         The Armed Forces Financial Network                                                             Typically, payday lenders charge a fee
                                                                                                  of 15% of the amount borrowed. For ex-
                                                                                                  ample: if a customer borrows $500 for two
  AFFN Announces 2007                                                                             weeks they will be charged a $75 fee. That
  Matching Grant Program                                                                          $75 fee translates into an equivalent an-
                                                                                                  nual percentage rate of 390%. If an LFCU
  As AFFN’s President/CEO, I am very pleased to announce that the AFFN Board                      member gets $500 through a QuickCash
  of Directors has authorized for the fourth consecutive year, a matching grant pro-              Loan for two weeks, the interest would
  gram as part of AFFN’s overall military community support commitment. In addi-                  only be 18% APR, and instead of paying
  tion to AFFN’s donations made on behalf of all Participants to national military                $75, he/she would pay only $3.48.
  oriented organizations, this program has been designed to allow AFFN Participants                     Each week, thousands of dollars are
  the opportunity to increase the support your organization provides to our military              being borrowed from payday lenders
  community at the local level.                                                                   who charge fees comparable to annual-
        The program will allow a maximum grant up to $1,500 per Participant. Funds                ized interest rates ranging from 180%
  for this program are limited. Therefore, we request only one application per AFFN               to 780%. Langley’s QuickCash program
  Participant. Funds will be dispersed (once qualified and approved) on a first come,             was designed to help members in need of
  first served basis.                                                                             cash, who might not have perfect credit.
        I would encourage your organization to participate in this program so we can                    “Payday loans and their associated fees
  continue to take care of those within our military community who so desperately                 are a major source of financial problems
  need—and deserve—our assistance.                                                                for military personnel,” said Langley FCU’s
                                                                                                  President Jean Yokum. “We’re delighted
  David Weber, President and CEO                                                                  that this program has helped our men                                                                                    and women in uniform as well as many
                                                                                                  other members in our community.”

DEFENSE CREDIT UNION COUNCIL, INC.                                                                                                           7
                                             Security Service FCU Members and
                                             San Antonio Community Collect More
                                             Than a Million Pounds of Food
                                             Clarissa Rodriquez, Security Service Federal Credit Union

                                             D      uring the month of November, Security Service FCU teamed up with the San
                                                   Antonio Express-News and Clear Channel Communications to help the Food Bank
                                             collect more than a million pounds of food to help families in need throughout South
                                             Texas. The drive resulted in 1,005,000 pounds of canned food items more than enough
                                             to make three quarters of a million meals for thousands this holiday season and on into
                                             the new year. The credit union also held a two-day drive to collect turkeys for the Food
                                             Bank to distribute at Thanksgiving.More than a ton of the frozen gobblers were collect-
                                             ed, helping to feed at least 200 families a special holiday meal.
                                                  The San Antonio Food Bank feeds more than 40,000 families each month in 16
                                             counties in southwest Texas. Security Service Federal Credit Union, which is celebrating
                                             its 50th anniversary this year, is the 10th largest credit union in the nation and the largest
                                             credit union in San Antonio.
Brett Noll was recognized as the 2006
recipient of the Credit Union Executives
Society Future Leader award. Photo pro-                     Defense Issues 2007
vided by Langley FCU.
                                                                 is Coming!
Langley FCU
Executive Wins
Future Leader                                    Register online now at
Award                                        Tower FCU
Sue Thrash, Director of Research
& Communications                             Receives “Best
                                             of Laurel” Award
L    angley FCU is pleased to announce
     that Brett Noll, Senior VP/Chief
Marketing Officer has been recognized as     Natasha Henry, Tower FCU
the 2006 recipient of the Credit Union
Executives Society Future Leader award.
Noll credited his board, the Langley
FCU staff and CEO Jean Yokum upon
                                             T     ower FCU was voted the Best
                                                  Financial Institution in the
                                             Laurel, Md. community. The Laurel
receiving the honor.                         Leader newspaper published the
     Noll was hired by Langley FCU in        Best of Laurel Award winners for
2001. He took on the task of re-branding     2006 based on its 6th Annual Poll
the credit union by creating a new LFCU      last fall. Readers were asked to
logo, creating a graphic standards manual,   select which local businesses and Dwight Greene, Branch Manager of Tower’s Laurel
and bringing a consistent look, style, and   services they felt were the best. Branch, accepting “Best Of Laurel” award plaque.
                                                                                    Photo provided by Tower FCU.
message to all communications. He has        Tower received the most votes in
also chaired many projects aimed at im-      the financial institution category that included local banks, savings banks and other
proving financial literacy. CUES Future      credit unions. The Laurel branch staff accepted an official “Best Of ” award plaque on
Leader nominees are evaluated on their       behalf of all Tower employees. “Tower appreciates the support of its members and is
accomplishments within their credit          proud to be a part of the Laurel community,” said Dwight Greene, Laurel Branch Manager
union and the credit union movement          of the $1.5 billion credit union. The newspaper published the results last October as well
as a whole.                                  as in the Official Guide to Laurel.

    For the latest credit union
    news, visit our Web site:                           
8                                                                                           DEFENSE CREDIT UNION COUNCIL, INC.
                                                                                                                           registra r
                                                                                                                          materia tion
                                                                                                                                 ls ea
                                                                                                                            in 2007 rly

   Coeur d’Alene, Idaho                                                                                                             !

    Saturday, August 18 Optional Tour — Next August, during the 44th Annual DCUC Con-
    ference, we are offering an exciting option if you can come out to Spokane a bit early to enjoy
    one of the most beautiful places in our great country!
         On Saturday, August 18, DCUC will offer an Optional Tour to visit Coeur d’Alene
    for a special private lunch cruise on the lake. National Geographic reports this is one of the
    most beautiful lakes in the world. Enjoy the company of friends as you cruise this special
    lake. There will be free time for shopping and walking through this charming resort town.

    Saturday, August 18 Golf Tournament — Golfers are in for a special treat this year for our
    14th Annual Vincent Lascara Golf Tournament! One of the most beautiful courses in America
    to host our tournament: The Coeur d’Alene Golf & Spa Resort.

                                     Home of the Floating Green — The Coeur d’Alene Resort
                                     Golf Course is nestled in the foothills of the Rocky Mountains on the shores of beautiful Lake
                                     Coeur d’Alene in Northern Idaho. Opening in 1991, to unprecedented reviews and awards, the
                                     Coeur d’Alene established itself as a premier destination golf course ranking as the #2 resort
                                     golf course in the nation, second only to Pebble Beach, while holding the #1 ranking in the
                                     category of “Beauty and Esthetics”

                                      The Coeur d’Alene Resort — The Coeur d’Alene Resort has been christened “America’s Great-
                                      est Golf Experience” based on amenities both seen and unseen, that golfers enjoy at this North-
                                      west Gem. Designer Scott Miller’s vision was to create a golf course that offered a stimulating
    round of golf, surrounded by a park-like environment. The result is fairways that play from tee to green on a lush carpet of
    Bent Grass, beds of brilliant red Geraniums, acres of Junipers and the mountain water challenges of Lake Coeur d’Alene and
    Fernan Creek. The 6,767 yard, par 71 course is designed around four distinct geographic features: an expansive lakeshore, a
    forested ridge, gently rolling woodlands and Fernan Creek, a revitalized trout stream.
         Chip Beck, PGA Tour Player and winner of the 1992 Merrill Lynch Shootout at the Coeur d’Alene Resort, called the Idaho
    course one of the finest he has ever seen, lauding it as a course playable for families, yet challenging enough to test the pros. Here
    are just some of the Awards this course has won from 2000 to present:
    n   5-Star Designation from Golf Digest — one of just 16 of 6,200 courses rated to receive the top designation
    n   Selected a Gold Medal Resort by Golf Magazine — one of only 20 resorts to receive the gold medal
    n   Selected one of America's top resort courses by Golf Digest
    n   Named one of the World's Top 20 Resorts by Golf Odyssey
    n   APEX Award from the National Association of Golf Tournament Directors
    n   Gold Links Award as one of America's top meeting resorts
    n   Selected one of America's Top 100 Pro Shops by Pro Shop Operations
    n   One of America's Top 10 Resorts by Lifestyles of the Rich & Famous
    You won’t want to miss this wonderful opportunity to play this great course! And best
    of all, if you choose to golf and then meet friends or family to take the boat cruise,
    we will arrange to transport you next door to the Marina in time to cast off!

              The Davenport Hotel
Nowhere in the city of Spokane, much less the West Coast, is there a
hotel as grand and beautiful as The Davenport. Kings, presidents and
the likes of Charles Lindbergh, Amelia Earhart, Clark Gable, Cuba Good-
ing and Josh Hartnett, all stayed at The Davenport. Glittering in gold,
captivating with crystals and mesmerizing with marble, the lobby alone
is enough to grab your attention; however, it is the history of the hotel,
and the commitment to customer service that has prevailed throughout
the years, that makes this a real favorite of travelers! The Davenport
Hotel has just been listed among the “top 100 mainland U.S. hotels”
in the November issue of Condé Nast Traveler magazine.
A Bit About

                             Location of DCUC’s 44th Annual Conference

The 44th Annual Defense Credit Union Conference will be held in the “All
American” city of Spokane, a spirited community in the midst of a natural            What to do in the Spokane area…
wonderland of forests, lakes and mountains.                                          • Go shopping!
     The heart of Spokane is the Spokane River, where spectacular falls and          • Stroll through beautiful parks
scenic beauty sit right next door to downtown, where some excellent restaurants      • Tour great wineries
and fine shopping are located. With a metropolitan area population of about          • Attend a performing arts event
500,000, Spokane is Washington’s second largest city and the largest metro-
                                                                                     • Visit top-notch museums
politan area between Seattle and Minneapolis.
                                                                                     • Ride a mountain gondola
     Where exactly is Spokane? About 280 miles directly east of Seattle and
                                                                                     • Escape to Green Bluff orchards
only 30 miles west of the resort town of Coeur D’Alene, Idaho, Spokane sits on
                                                                                     • Try your luck at a casino
the sunny side of Washington between two magnificent mountain ranges, the
Cascades and the Bitterroots. Seventy-six lakes sit within a 50-mile radius, which   • Visit the Silver Valley
contributes to the area’s beauty as well as the recreation possibilities.            • Take in Grand Coulee Dam
     Because of its location between two mountain ranges, Spokane is truly a         • Cruise Lake Coeur d’Alene
four-season city. The average high temperature in August is 82.5 and the average       or the Spokane River
low is 54.3.degrees.                                                                 • Savor the beauty of the area…
                                                                                       three national parks are within
Mark your calendars today for August 19-22, 2007 and plan to join us next              a day’s drive of Spokane
summer in the wonderful city of Spokane for another great DCUC conference!
CEO UPDATE continued from page 1
                                               DoD YOU SHOULD KNOW…
     These and other new issues will
require active oversight in the coming         …the 2007 National Defense Authorization Act (NDAA) contains a provision capping
year, and as in the past, we will stay ahead   interest rates at 36% (including fees) and imposes limitations on extending consumer
of the power curve…conveying your              credit to military personnel and their families. The Department of Defense is required to
thoughts, expressing your opinions, and        draft an implementing regulation by October 1, 2007 and in so doing, is required to con-
ensuring your voice (our voice) is heard at    sult with Federal regulatory agencies. To ensure adequate feedback and input, last month
the Pentagon. As we bid farewell to 2006,      Dr. David Chu, the Under Secretary of Defense for Personnel and Readiness, extended
rest assure, we are primed and ready for       an invitation to all regulatory agencies and respective trade associations to provide com-
2007…ready to work with the Pentagon’s         ment on the various aspects of the new law…and to do so by January 10, 2007. In that
key leaders to ensure you have every           regard, earlier this month, we again asked for your thoughts about the 36% cap, and sought
opportunity to do what you do best—            your feedback regarding rollovers, repayments, refinances, consolidations, disclosures,
taking care of your members!                   vehicle title loans, legal recourse, and the allotments. Additionally, we advised of an audio
     On behalf of our Board of Directors,      conference on January 4, 2007 (from 2:00–3:30 Eastern Time), co-hosted by DCUC and
thank you for making a difference (every       CUNA, to discuss the new law and implementation issues. If you have not provided us
day!) in the lives of the brave men and        your comments please do so…and if you have not registered for the audio conference go
women serving our Nation. Bar none—            to:
they are our greatest asset…and you
                                               …the Regulatory Relief Bill contained a provision that provides an opportunity for on
are theirs!
                                               base credit unions to receive a no-cost land lease. Pending a change to the DoD Finan-
     Best wishes for a safe and enjoyable
                                               cial Management Regulation (DoDFMR), we contacted the Department of Defense
holiday season and for a happy and pros-
                                               and requested they issue interim guidance advising of this change in law. Earlier this
perous New Year!
                                               month, the Department asked for our input, and we quickly obliged. We drafted a pro-
                                               posed memorandum for the Department’s consideration,recommending language be
Travis CU Sponsors                             added to the DoDFMR that would be consistent with the Federal Credit Union Act.
                                               Specifically, we recommended the DoDFMR provide for the provision of no-cost office
30th Annual Military                           space or land, if at least 95 percent of the membership to be served by the allotment of
                                               space or the facility built on the lease land is composed of individuals who are, or who
Recognition Night                              were at the time of admission into the credit union, military personnel or federal employ-
                                               ees, or members of their families.
Provided by Travis CU
                                               …the first-ever Military Saves Week is scheduled for February 25 – March 4, 2007.

T     ravis Credit Union was proud to
     sponsor and participate in the 30th
Annual Military Recognition Night held
                                               A campaign resource kit was developed by Consumer Federation of America’s Military
                                               Saves Financial Institution subcommittee, which was chaired by the Armed Forces Finan-
                                               cial Network and included Navy Federal Credit Union, Langley Federal Credit Union,
at Green Valley Country Club recently in       and Fort Belvoir Federal Credit Union. The kit is ready for use and can be accessed on-
Fairfield, California. The black tie gala is   line either thru DCUC’s Web site:, or the Military Saves Web site: http://
held once a year to honor and recognize If you have not committed your support for
the contributions made by the men and          this milestone event, don’t hesitate…contact Sarah Shirley today at sshirley@americasaves.
women of Travis Air Force Base as well as      org and tell her you are ready to help!
the Travis Regional Armed Forces Com-
mittee volunteer of the year.                  NOTES ON DEFENSE CREDIT UNIONS
     Travis Air Force Base and the men
and women who serve there are an integral
part of Travis Credit Union,” says Travis      Tower FCU, Laurel, MD, held an “after-hours” Health Fair and invited all employees
Credit Union President and CEO Patsy           to attend. An Asian theme set the stage for this year’s fair. Japanese lanterns, parasols
Van Ouwerkerk. “We are honored to be           and paper dragons decorated the branch lobby and offices. The branch staff dressed in
part of this annual event.”                    oriental costumes, brought sushi, fried rice, chicken balls and fortune cookies for refresh-
                                               ments and set up a Japanese Tea Garden for employees to relax and enjoy a cup of hot
                                               green tea while listening to soothing Japanese music. Employees received free health
      For speaker                              screenings including blood pressure, cholesterol and bone density testing for Osteoporosis.
                                               Branch employees contributed to a raffle basket of Asian-themed items: a Japanese tea
     presentations                             set, a “Memoirs of a Geisha” DVD, hand-painted chopsticks and cherry blossom scented
                                               bath products. Proceeds from the raffle amounted to $342 and were donated to the Susan
    from the 2006                              G. Komen Foundation for cancer research…Travis CU, Vacaville, CA, The concept of “a
   Conference, visit                           penny saved is a penny earned” was the lesson of the day as Travis Credit Union hosted a
                                               tour of 20 elementary school children and their teachers recently. The tour was an exercise                              to educate Vacaville Christian Academy students about Travis Credit Union and how
                                               important it is to learn how to manage their money early.

DEFENSE CREDIT UNION COUNCIL, INC.                                                                                                      11
   On Saturday, February 24, 2007, at the Washington Hilton Hotel, DCUC will again sponsor a roundtable workshop
   in conjunction with (but not a part of ) CUNA’s 2007 GAC.
       Check-in will be at 9:30 a.m. on Saturday morning, with the opening session starting at 10:30 a.m. A sit-down
   lunch will be served around 12:00 and the George E. Myers Scholarship winners will be announced at that time.
   Afternoon sessions are planned from 1:15 p.m. to 3:15 p.m.
       As always, we’ll have an action-packed agenda that addresses some of the more pressing issues facing you.
   Issues such as land lease (the new provision in the Regulatory Relief Bill); Consumer Credit Extended to
   Military personnel (the 36% cap and other limitations imposed by the 2007 National Defense Authorization
   Act); Morale Welfare and Recreation (sponsorships and credit cards); Military Saves (the launching of the official
   campaign 25 February, 2007); and more…Registration is holding steady at $100, and that includes lunch!


   Defense Issues 2007 is Coming!
    Mark your calendars and plan now to attend…register online at

Defense Credit Union Council
                                                                                                           First Class
601 Pennsylvania Avenue, N.W.                                                                             U.S. Postage
Suite 600                                                                                                    PAID
Washington, D.C. 20004-2601                                                                                   ABR

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