Credit Union Times - October 1, 2008 - (Page 27) NEWS Mountain American CEO Dames Named CUES 2008 Outstanding Executive MADISON, Wis. — Gordon Dames, president/CEO of Mountain American Credit Union in West Jordan, Utah, will be honored by the Credit Union Executives Society as its 2008 CUES outstanding executive. Dames will be honored on Nov. 2 at CUES’ annual CEO Network at the Four Seasons Hotel in Las Vegas. “Gordon Dames is a visionary leader and a long-time champion of the credit union philosophy,” said Mark Hawkins, chairman of CUES’ board of directors and CEO of Altura Credit Union in Riverside, Calif. “His leadership has been instrumental to the phenomenal success of his credit union, and it is only fitting that he should receive this honor in recognition of his many contributions. This is the first year that nonmembers are invited to attend CEO Network, and I encourage all senior executives to attend this event and join me in celebrating Gordon’s achievements.” Dames has been a chief executive at Mountain American since 1991. He has been a CUES member since 1983 and was named to the CUES Chairman’s Roundtable in 2006 by recruiting five CUES members during the year. With Dames leading the credit union, Mountain America grew from a struggling institution in 1990, with a $560,000 loss, to a credit union with nearly $2.5 billion in assets today. Mountain America’s most recent annual report showed that 2007 was the credit union’s 16th consecutive successful year. In 2007, member savings increased by $200 million, membership increased by 26,000 and 13,400 small businesses used the credit union for financial services. —lsiegriest@cutimes.com (continued on top of next column) Two New Currency Options LOUISVILLE, Ky. — With the CUNA Strategic Services and Travelex alliance agreement, credit unions can offer members more foreign currency options through two new products. Travelex Cash Passport and CashPax are now added to the suite of travel money solutions available to credit unions. The Cash Passport cards are prepaid currency cards that can lock in an exchange rate for euros or British pounds, with no purchase fees for credit unions. CashPax is a bill-sized pack of foreign currency that provides traveling members with enough foreign currency to pay for things such as taxis upon arrival. The packs include small denominations of paper money as well as coins in bundles of US$100 or US$250. They are available in Canadian dollars, euros, Australian dollars, British pounds, Japanese yen and Mexican pesos. “Cash Passport is currently the only foreign currency card on the market, and we believe these cards will be the wave of the future because they are safe, fast and economical,” said Wes Millar, senior vice president of CUNA Strategic Services. —lsiegriest@cutimes It takes expertise to build a great investment strategy. Get your portfolio buzzing with help from your friend in the business. “Now thatʼs sweet.” www.midatlanticcorp.org • Phone: (800) 622-7494 cutimes.com Credit Union Times, October 1, 2008 27 http://www.midatlanticcorp.org http://www.cutimes.com
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