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CU System Briefs (02/14/2013)
  • LIVE OAK, Texas (2/14/12)--In a version of Pay It Forward, Live Oak, Texas-based Randolph-Brooks FCU distributed gift cards as "Random Acts of Payment" to shoppers at the Steiner Ranch (Austin) Randalls location.  The credit union then asked the shoppers if they would consider using part of their gift card to donate food items for the Capital Area Food Bank. Shoppers responded with generosity, giving enough food to provide 1,300 meals for the food bank and Austin area residents. The concept was inspired by an opportunity to encourage goodwill among local residents and empower them to serve others, said RBFCU Business Development Director Mark Matthews. "Our goal was to thank our local community by giving them the chance to serve others," he said. "We gave local residents both the means and the opportunity to give back, and it was inspiring to see so many willing to share the gifts they received." (Photo provided by Randolph-Brooks FCU) …
  • MIAMI LAKES, Fla. (2/14/12)--Miami Lakes, Fla.-based JetStream FCU, whose membership is 75% low-income and distressed members, is using a $92,500 grant it received to fund a new bilingual position for its Community Development Financial Institutions (CDFI) Community Outreach program. The grant, from the Emerging CDFI Fund, was obtained with the grantwriting help of Tacoma, Wash.-based CU Strategic Planning. Vanessa Ortega, who is bilingual and will assist Spanish-speaking members, is the $152 million asset credit union's new Community Outreach Program manager. Ortega's immediate goals include creating a low-income advisory panel, signing up new community partners, and better connecting with current and prospective members. The award also funded a business lending feasibility study for the credit union to enter the business lending field in Puerto Rico, where it has a branch, as part of its efforts to build an official CDFI program, said the credit union …
  • TACOMA, Wash. (2/14/12)--Richard Brandsma, president/CEO of the $1.067 billion asset Sound CU, based in Tacoma, Wash., will be recognized as theBusiness Leader of the Year by the University of Washington Tacoma Milgard School of Businesson April 30. The announcement was made by Sound CU Board Chairman Dave Wasson. Brandsma has been president/CEO of Sound (formerly Tacoma Telco FCU) since 1981. At that time the credit union had one branch, 26 employees and $18.9 million in assets. Since then, Sound CU has grown to 21 branches, 230 employees and more than $1 billion in assets. Brandsma led the credit union through the transition from federal to state charter and through 14 mergers, including a recent merger with Watermark, the largest credit union merger in the state. "Rick Brandsma is one of the most admired leaders in the Northwest credit union community," said Troy Stang, president/CEO of the Northwest Credit Union Association. "His footprints are on so many positive developments in the financial services industry that have benefited consumers," Stang added …


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