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CU System Briefs (11/13/2013)
  • HERSHEY, Pa. (11/13/13)--Pennsylvania Credit Union Association's retiring President/CEO Jim McCormack was honored by 200 state credit union leaders, friends and family members on Friday night in Hershey, Pa. (Life is a Highway Nov. 12). PCUA Board Chair Maria LaVelle emceed the event, which featured remarks from: Credit Union National Association President/CEO Bill Cheney; CO-OP Financial Services Chairman Bill Raker; CO-OP Financial Services CEO Stan Hollen; CUNA Mutual Group Sales Manager Paul Butler; Pennsylvania Credit Union Service Centers Chairman Ralph Canterbury; PCUA Director Cookie Yoder; PCUA Executive Vice President and General Counsel Rick Wargo; and, from the McCormack family, Ed Coleman. Cornerstone Credit Union League CEO and Credit Union House Chairman Dick Ensweiler also announced McCormack's induction into the Credit Union House Wall of Leaders. CO-OP Financial Services also announced a $10,000 Judge/Bradley Leadership School scholarship in McCormack's name. Throughout the event, McCormack was honored for his contributions to the credit union movement at both the state and national level ...
  • HICKORY, N.C. (11/13/13)--U.S. Rep. Patrick McHenry (R-N.C.) learned on Tuesday about a Local Government FCU loan that helped a volunteer fire department in his constituency. During a visit to Mountain View Volunteer Fire Department in Hickory, N.C., McHenry (at right) was told that LGFCU Commercial Lending's division provided the department the financing to buy and repurpose property that became its headquarters. The move saved taxpayers about $1 million, said the credit union. McHenry was also told about Mountain View VFD's work.  Shown with McHenry are, from left:  LGFCU Commercial Lending executives Sherrod Warwick and Bill Carter; Lt. Paul Exon; Chief Tony Holsclaw; Firefighters Sarah Loria and Mickey Lasone, and Lt. Bryan Lynch. LGFCU has a loan program that caters to non-profit emergency responders in North Carolina. It has given 35 lines of credit worth $6.5 million to 21 non-profit first responders in McHenry's district. "These are the people who put their lives on the line each day to protect lives and property in their communities, and they deserve the benefit of the equipment they need to perform their duties safely and efficiently," said Carter, LGFCU vice president of commercial lending. "Beyond being the right thing to do, these men and women who serve our communities are in our credit union's field of membership, so it makes sense for us to make these loans." LGFCU has $1.2 billion in assets and is based in Raleigh, N.C. ...
  • FARMERS BRANCH, Tex. (11/13/13)--CU Members Mortgage President Dave Motley was honored with the Mortgage Bankers Association's Andrew D. Woodward Distinguished Service Award--for his contributions on regulatory and legislative issues--during MBA's 100th Annual Convention & Expo, Oct. 27-30 in Washington, D.C., said the Cornerstone Credit Union League (Leaguer Nov. 12). Nominees for the annual award must be associated with an MBA member firm, and have a record of sustained service to the MBA and the mortgage industry. CU Members Mortgage, a business partner of Credit Union Resources headquartered in Addison, Texas, originates more than $3 billion in mortgage loans annually, services a portfolio greater than $14 bullion, and owns more than $1 billion in assets. It serves credit unions, credit union service organizations and league partners ...  


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