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CU System Briefs (02/27/2013)
  • RALEIGH, N.C. (2/27/13)--State Employees' CU is developing a new property management subsidiary--SECU*Real Estate (SECU*RE), announced its board Tuesday. In its initial start-up phase, SECU*RE will provide SECU with the ability to streamline management of real-estate owned (REO) properties in North Carolina.  It will take the Raleigh, N.C.-based SECU's existing REOs and work to minimize lost equity through property revitalization efforts and partnerships with the North Carolina housing industry. Its service options will range from rentals to property listings, and its ultimate objective will be to provide affordable homeownership opportunities to SECU members and their families throughout the state. The new company complements SECU's ongoing Mortgage Assistance Program, which has helped more than 8,000 families avoid foreclosure …
  • NEW YORK (2/27/13)--The National Federation of Community Development Credit Unions' second edition of its new quarterly e-magazine, The Bridge, focuses on opportunities from serving immigrant populations within a credit union field of membership. In it, the federation encourages credit unions to consider products, services and strategies to reach immigrant populations.  The cover story looks at immigrants' economic contributions in America, the role they play in their communities and the opportunity for credit unions. It also includes a brief legal background on the state of the Deferred Action for Childhood Arrivals program, a need for a loan fund that serves young immigrants and the role credit unions could play. It highlights four credit unions reaching out to immigrant communities. Also in the edition, Bill Cheney, president/CEO of the Credit Union National Association, reminds readers of a shared vision that embodies the credit union movement based on value and trust, and points to the collective potential of credit unions to become America's most trusted financial partner …


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