MSIC 50th Annual Meeting

MSIC held its 50th Annual Meeting on Thursday, January 26, 2012, at the Boston Harbor Hotel. Eighty-Eight registered attendees represented 38 credit unions, with more delegates than at any annual meeting in recent history. .

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Events

April 4, 2012
MSIC Advisory Committee
11:30am to 2:00 pm
Beechwood Hotel, Worcester, MA

April 10, 2012
CU 4 Reality Fair
200 Catherine Street, Gardner MA

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Delegation to CUNA GAC

Representatives from MSIC's Legislative Committee, including Directors Debbie Guiney, Tina Sbrega, Ken DelRossi, James Carlson, John Finnegan, and MSIC's Mike Hanson and Dan Murphy attended this year's Credit Union National Association's Governmental Affairs Conference (GAC) in Washington, D.C.

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Hanson Testifies before the United States Congress

MSIC's President and CEO Mike Hanson was a member of a panel that spoke before the U.S. House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit, on October 12, 2011....

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State Legislative Agenda

On Tuesday, February 7, 2012, Mike Hanson testified before the Massachusetts Joint Committee on Financial Services on two legislative proposals that MSIC submitted at the state level.

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MSIC Members Continue Strong Growth in Excess Shares

Member excess continues to grow! Total excess shares and deposits reported by MSIC members as of December 31, 2011, grew by $57.5 million from June 30 to more than $706 million...

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Credit Union Industry Shows Improved Profits for 2011
Industry Financial Condition at Year-end 2011

The nation's federally insured credit unions achieved a 41% improvement in net income in 2011, to $6.4 billion. The return on average assets was 68 basis points, up from 50 basis points...

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MSIC Sponsors Workshop on Attracting Gen-Y Consumers
Repeat Scheduled for May 1, 2012

More than 45 individuals representing 23 credit unions attended a workshop titled "Attracting Gen-Y Consumers" that was held on December 19, 2011, at MSIC's Training Facility at the Webster First Federal Credit Union Operations Center in Worcester. MSIC sponsored the event, and Rob Rubin, Founder and CEO of Facilitas, presented.

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MSIC Director Spotlight
Richard Mitchell, M.D., Ph.D.

Dr. Rick Mitchell is the Lawrence J. Henderson Professor of Pathology and Health Sciences and Technology at Brigham and Women's Hospital and Harvard Medical School. He is also the Director of a research laboratory,...

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Newest Director
John R. Caulfield, President and CEO of St. Mary's Credit Union

MSIC would like to welcome John Caulfield, President and CEO of St. Mary's Credit Union, to the Board of Directors.

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Strategic Planning Workshop

In an effort to continue to support the credit union movement, MSIC produced and distributed a Strategic Planning DVD Workshop. Unlike prior tools that required the credit union...

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On the Move

MSIC will be leaving its Westborough office and will be operating out of two new locations. MSIC's training and meeting activities will be held at its Training Facility at Webster First...

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MSIC Expands Relationship with Alloya Corporate Federal Credit Union

MSIC is pleased to announce that it has expanded its relationship with Alloya Corporate Federal Credit Union by transferring its primary accounts from EasCorp last fall.

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Additional Corporate News and Notes

In October 2011, MSIC's Mike Hanson spoke at the Berkshire County Chapter Meeting on the state of the Massachusetts Economy....

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Message from the Chairman
Ken DelRossi, President and CEO of NMTW Community Credit Union

It is with great pleasure that I accept the chairmanship of MSIC. The passion of the credit union movement and the efforts of MSIC are very close to my heart. It was 1997 when I first joined the MSIC Board of Directors,...

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Advisory Committee

In order to improve communications between credit union members and MSIC, the company formed an Advisory Committee in December 2011. The following individuals have agreed to serve...

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