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CU System Briefs (06/05/2013)
  • LANSING, Mich. (6/5/13)--Three Michigan credit unions' participation in affordable Housing Advisory Council programs were featured in the council's 2012 Annual Report, said the Michigan Credit Union League. The council is part of the Federal Home Loan Bank of Indianapolis. The bank's member institutions were able to access more than $125 million in grants to help spur more affordable housing and job opportunities. Case CU in Lansing provided a $7,500 Neighborhood Impact Program grant to a member to replace antiquated single-pane windows with new energy-efficient and also to replace a leaky roof. The credit union also provided a $10,000 grant to help a couple replace worn out windows and exterior doors. Communicating Arts CU in Detroit helped a member get a new roof, gutter, downspouts and windows for her home. Also, CEO Bernie Williams of Wanigas CU in Saginaw helped coordinate a revitalization forum for the city of Saginaw to increase awareness of affordable housing programs (Michigan Monitor June 3) ...
  • LEOMINSTER, Mass. (6/5/13)--The board of Leominster (Mass.) CU (LCU) has appointed John J. O'Brien to be the $608 million asset credit union's president/CEO, reported the Massachusetts Credit Union League. He will take over for Carol A. Southworth, who served as interim president/CEO since January. O'Brien came to LCU in 2007 as senior vice president of lending and was responsible for the credit union's consumer, indirect lending and real estate programs, along with collections and loan-servicing operations (Values & Visions May 23) ...


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NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
12 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
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Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
15 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
17 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
18 hours ago