Elizabeth Dooley took office as Deputy Commissioner of Credit Unions on December 4, 2000. Governor Gray Davis appointed Ms. Dooley to her post on October 31, 2000. She will be located in the Los Angeles Office and can be reached by telephone at (213) 897-2225 or by e-mail at edooley@dfi.ca.gov. Ms. Dooley has a B.A. from Mills College and a J.D. from the Western State University College of Law. She worked as an associate counsel for the California Credit Union League where she advised credit unions on legal and regulatory matters. Prior to this, Ms. Dooley also worked for Dycorp USA Inc. and Dean Witter Reynolds. For more information, please see the notice that was published in the October 2000 Monthly Bulletin regarding Ms. Dooley’s appointment.

An electronic financial services survey was sent out to all of the Department’s licensees in October 2000. With a response rate of over 63%, the survey provided valuable information and insight about DFI licensees’ uses and perspectives regarding electronic financial services.

70% Banks, thrifts, and savings & loans
69% Credit unions
73% Foreign banking organizations
53% Premium finance companies
35% Trust companies, money transmitters, payment instruments, travelers checks, and BIDCO

Websites:

• 50% of all respondents indicated that they had established a website.
• 80% of the banks, thrifts, and savings & loans that responded to the survey indicated that they had a website.
• 70% of the credit unions that responded indicated that they had a website.
• Over 60% of the survey respondents with websites indicated that they allow some degree of transactional activity.
• Over 65% of the banks, thrifts, savings & loans and credit unions that do not currently have a website indicated that they plan to establish one within twelve months.
• Approximately 10% of the survey respondents indicated they have established a kid’s website.

Communicating with DFI via the Internet or other electronic means:

• 83% of survey respondents indicated that if the Department were to allow the submission of reports and filings electronically over secured connections via the Internet they would likely use the service.
• 38% stated their response would change if they would be required to obtain digital signature hardware/software to communicate with DFI over the Internet.
• 6% of the survey respondents indicated they are currently using digital signature technology.

Bank of San Francisco, San Francisco, with and into First Bank & Trust, San Francisco
Approved: 12/18/00

Millennium Bank, San Francisco, with and into First Bank & Trust, San Francisco
Approved: 12/20/00

Prime Bank, Los Angeles, with and into East-West Bank, San Marino
Filed: 12/4/00
Approved: 12/20/00

Scripps Bank, La Jolla, with and into U.S. Bank National Association, Minneapolis, Minnesota
Effected: 10/13/00

Mid-State Bank
1026 Grand Avenue, Arroyo Grande, San Luis Obispo County
Approved: 9/13//00
Effected: 12/18/00

BayTech Federal Credit Union, Santa Clara with and into Technology Credit Union, San Jose
Filed: 12/5/00

Kaiser Lakeside Federal Credit Union, Oakland
Approved: 12/19/00

Long Beach Schools Federal Credit Union, Long Beach, as LBS Financial Credit Union
Effected: 12/18/00

North County Federal Credit Union, La Jolla as North County Credit Union
Effected: 12/27/00

Silicon Valley Federal Credit Union, Palo Alto
Filed: 12/6/00

Unipac Federal Credit Union, San Francisco, as Unipac Credit Union
Approved: 12/11/00
Effected: 12/21/00

USC Federal Credit Union, Los Angeles as USC Credit Union
Effected: 12/27/00

Whittier Area Federal Credit Union, Whittier as Credit Union of Southern California
Effected: 12/21/00

Girosol Corporation
Filed: 7/24/00