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News Now

CU System
Bruen TUCOEMAS FCU honored for assisting small CUs
RANCHO CUCAMONGA, Calif. (9/2/09)--The California Credit Union League’s 2009 Kim Bannan Eternal Flame Awards went to Eric Bruen, CEO of Desert Valleys FCU in Ridgecrest, and to TUCOEMAS FCU, Visalia. The awards recognize contributions to the success and future of Shapiro Group credit unions through the cooperative spirit of “People Helping People.” The Shapiro Group is a league group providing assistance to small credit unions. Kim Bannan was the league’s former vice president of credit union development and research and information. Bruen, this year’s recipient in the individual category, was recognized for his assistance to Shapiro Group credit unions in understanding net worth restoration plans and management of prompt corrective action concerns. One Shapiro Group credit union he helped was Palm Springs FCU--formerly Palm Springs City Employees FCU. Bruen helped the credit union--among other things--file its quarterly National Credit Union Administration 5300 reports, with its allowance for loan loss calculations. He also assisted and with issues related to the National Credit Union Share Insurance Fund. Bruen has served on the league board of directors and various league committees, including the Shapiro Group Advisory Committee. The award recipient in the credit union category, TUCOEMAS FCU, was honored because of assistance it provided to El Futuro CU, Porterville, in handling a Bank Secrecy Act (BSA) annual audit. El Futuro was unable to hire an accountant to complete the audit this year, so TUCOEMAS’ certified BSA officer and certified assistant BSA officers visited El Futuro and completed the audit and tested transactions. Also, TUCOEMAS has agreed to help El Futuro with BSA staff training and using online league resources. Both will be honored during the California and Nevada Credit Union Leagues’ Annual Meeting and Convention Nov. 16-18 in Las Vegas.


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