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CU System Briefs (11/15/2013)
  • WEST MILWAUKEE, Wis. (11/15/13)--A suspicious package left by a robber during a holdup of a West Milwaukee, Wis., branch of Landmark CU Wednesday was not a bomb.  Members of the Milwaukee County bomb squad were called to the credit union after it was robbed. The squad deployed its explosive ordinance disposal robot and determined the package to be nothing dangerous.  No other details about the robbery were released (CBS58.com Nov. 13) ...
  • RIVERSIDE, Calif. (11/15/13)--Altura CU has rolled out a new Credit Builder Loan to assist people who need to rebuild their credit score, the Riverside, Calif.-based credit union announced.  During the recession, a disproportionate number of people in the area could not pay their bills, and their credit scores dropped dramatically, said the $689.4 million asset credit union. With the loan, individuals, even those with low scores, can borrow up to $3,000 at a competitive rate. The borrowed funds are placed into a share certificate. Once the loan is paid off, the borrower has access to the funds. "Altura created this loan as a way to offer people a lifeline and an opportunity to rebuilt their score and move forward," said Jennifer Binkley, chief operating officer at Altura. "We look at a low credit score and see an opportunity to help." ...
  • LAUREL, Md. (11/15/13)--Tower FCU joined more than 1.9 million businesses, organizations, families and individuals in southeastern U.S. for the Great American ShakeOut Earthquake Drill on Oct. 17. The drill was held at Tower's Laurel, Md., headquarters. Before the event, the credit union disbursed cardboard boxes around each floor of the building to simulate fallen pictures, broken glass and shifted equipment. During the event, Tower employees dropped to the floor, took cover under a table or desk and held on to the furniture until the "shaking" stopped. They then evacuated the building.  In August 2011, a 5.8 magnitude earthquake in Virginia was felt in Maryland and shook Tower's building in Laurel, but no one was injured and no damages were sustained. "While we hope to never use these skills, it is better to know what to do in case of such an emergency," said Bill Grantham, Tower's vice president of facilities and administrative services ...


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