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CU System Briefs (08/12/2013)
  • CEDAR RAPIDS, Iowa (8/12/13)--Check out what happens when you take energetic Collins Community CU team members and give them a video camera. "We're Collins Community Credit Union. If you haven't heard of us, I don't know what you're doin'" is how the Cedar Rapids, Iowa-based credit union's new rap video begins. Wearing sunglasses and a backward cap, the lead singer, backed by an entourage of backup dancers, invites viewers to check out the credit union. The clever rhyming manages to get everything from savings and checking accounts to student loans ("Say what? Goin' off  ta college?") and "bill pay and pop money" to the cooperative, member owned-structure and the  volunteer board of directors ("So decidin' what to do comes from the heart of the peer"). When you view the video, be sure to wait for the outtakes  ...
  • CHARLEVOIX, Mich. (8/12/13)--Bay Winds FCU, a $153.7 million asset credit union in Charlevoix, Mich., has been designated an authorized lender by the U.S. Small Business Administration (SBA). The preferred designation means it can continue expanding its member business lending services it began offering in April (PetoskeyNews.com Aug. 9). The loans can be used to establish a new business or assist in the acquisition, operation or expansion of an existing business, and present opportunities for business owners who otherwise might not be able to qualify for conventional lending, said the newspaper. Credit unions have been urging Congress to raise their member business lending cap to 27.5% of assets, up from 12.25%, so they can inject $13 billion into the economy in loans and help generate 140,000 new jobs ...
  • WESTBURY, N.Y. (8/12/13)--NEFCU, based in Long Island, has awarded its 2013 Premier 'Making a Difference' Scholarship of $20,000 to Grace Agolia, a resident of Massapequa Park, N.H., who also received the credit union's  Making a Difference Family Scholarship for her academic accomplishments and service to her community during her four years of high school. Agolia, shown here with NEFCU Board Secretary William Russo, left, and NEFCU Board Director William Youngfert, recently graduated from Sacred Heart Academy and will attend the University of Notre Dame in the fall. The scholarship is presented annually. NEFCU's Making a Difference Scholarship Program has awarded more than $1 million in scholarship funds since the program's inception. (Photo provided by NEFCU) ...


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