Atlantic Financial Federal

• Phyllis Wujick and Joseph Matiska, Appellees, v. Dale & Dale, Inc., Dale & Dale Design & Development, Inc., T/D/B/a Dale & Dale Homes, Atlantic Financial A/K/a Atlantic Financial Federal, Estate of Financial Federal R.T.C., Defendants, Resolution Trust Corp., in Its Capacity as Receiver for Atlantic Financial Federal, Appellant., 43 F.3d 790 (3rd Cir. 1994)

William R. Thompson, Robert C. Seiger, Jr., Richard M. Beck (argued), Klehr, Harrison, Harvey, Branzburg & Ellrs, Philadelphia, PA, for appellant. Da...

• Federal Circuits

• Atlantic Coast Federal Corporation Announces Certain Preliminary Year-End 2010 Financial Information.

Application to Be Made for Small Business Lending Fund WAYCROSS, Ga. -- Atlantic Coast Federal Corporation (NASDAQ: ACFC) (the "Company"), the holdi...

• Business Wire
• January 11, 2011

• Happy Returns!

In a strategic planning session a few years ago, management was considering how Statewide Federal Credit Union could grow its net worth. At the time, the Flowood MS-based credit union's net worth was around 8%. The executives set a goal of 9%. Anything earned beyond that figure would be given back to the members of the $56 million credit union. At the end of 2005, members received a bonus dividend of 1%. At the end of 2006, the bonus was a whopping 2.5%. CUES member Richard T Webb, president/CEO of Atlantic Financial Federal Credit Union, says, the bonus dividend is a plus for both current and potential members. Fort Community CU CEO Ron Vogel says the special dividends also have a political benefit. By declaring the dividends rather than competing on rates, Fort Community CU avoids giv...

• Credit Union Management
• Vol. 30 Nbr. 11, November 2007

• Atlantic Coast Federal Corporation to Restate Financial Statements.

WAYCROSS, Ga. -- Atlantic Coast Federal Corporation (NASDAQ:ACFC), the holding company for Atlantic Coast Bank (collectively the "Company"), today ann...

• Business Wire
• June 07, 2007

• Hibernia Atlantic Selects Sunesys to Extend Its Global Financial Network (GFN) into 1400 Federal in New Jersey.

SUMMIT, N.J. & DUBLIN -- Hibernia Atlantic, the only diverse transAtlantic submarine transport cable provider, today announces it has selected Sunesys...

• Business Wire
• October 08, 2009

• Marylanders On the Move: January 20, 2011

Accounting Edward J. Mazur has joined Clifton Gunderson, a certified public accounting and consulting firm, as senior advisor for Public Sector Services, working in the Mid-Atlantic practice based in Timonium. Mazur has more than 35 years of experience as a governmental financial management executive and standards setter, including as controller of the Office of Federal Financial Management in the Office of Management and Budget, state comptroller of Virginia, and a member of the Governmental Accounting Standards Board and the Federal Accounting Standards Advisory Board. He most recently served as senior advisor for governmental financial management at Cherry, Bekaert & Holland. Mazur is a CPA and chair of the Audit and Financial Management Advisory Committee of the U.S. Small Business ...

• The Daily Record (Baltimore)
• January 27, 2011

• Estate of Gaffney (James A.), Guido (Anthony S., Esq., P.C.), Pittsburgh National Bank v. First State Savings Association, Division of Atlantic Financial Federal, 879 F.2d 856 (3rd Cir. 1989)

Appeal From: W.D.Pa., Cohill, J. AFFIRMED. ...

• Federal Circuits

• 96 Cal. Daily Op. Serv. 6231, 96 Daily Journal D.A.R. 10,179 Federal Deposit Insurance Corporation, in Its Capacity as Conservator for Atlantic Financial Savings, F.A. Financial, * Plaintiff-Appellee, v. Rick S. Aaronian, Defendant-Appellant., 93 F.3d 636 (9th Cir. 1996)

Myron F. Smith, Motschniedler, Michaelides & Wishon, Fresno, California, for defendant-appellant. Melinda Vaughn, Wild, Carter, & Tipton, Fresno, Cal...

• Federal Circuits

• Curtin (John J.), Digiacomo (Louis J.), Trustees for Atlantic Financial Federal Deferred Compensation Plan v. Cioll (Edward, Jr.), Diegal (Frederick A.), Resolution Trust Corp., Receiver for Atlantic Financial Savings, F.A., Gutshall (Donald T.), Jones (William McMichael), Reithmiller (Robert J., Jr.), Raab (Richard J.), (Two Cases), 14 F.3d 46 (3rd Cir. 1993)

Appeal From: E.D.Pa. AFFIRMED. ...

• Federal Circuits

• Seeking Board Approval

Credit union boards are all over the, well, board, when it comes to how they operate, including which decisions and recommendations they approve. This was the topic of discussion recently on CUES Net, the CUES-members-only listserve. Because the board represents the membership, they do involve the directors in the decision making, said Jeffrey Hendrickson, CCE, president/CEO of Dow Louisiana Federal Credit union. They do not get board approval for new or changing products and services, but they report it to the board, answered Jenee Rawlings, PHR, VP/lending, HR and support services at Yolo Federal Credit Union. As a general rule he take to the board what he think the board should be aware of, said Richard T Webb, president/CEO of Atlantic Financial Federal Credit Union.

• Credit Union Management
• Vol. 31 Nbr. 6, June 2008