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CU System briefs (01/02/2008)
* HARRISBURG, Pa. (1/3/08)--The Pennsylvania Credit Union Foundation raised more than $255,000 in unrestricted funds in 2007 during its fundraising and grants campaigns, according to foundation board Chairman Norb Kaczmarek (Life is a Highway Jan. 2). The amount is an increase of $60,000 or 30% over the record total raised in 2006. More than $175,000 in grants went to projects ranging from financial literacy to strategic planning and small credit union development, reflecting an increase of $79,000 or 82% over its 2006 grants. Since the foundation was formed, it has raised nearly $2.1 million and awarded 296 grants for more than $1.27 million … * HANSCOM AFB, Mass. (1/3/08)--Hanscom FCU rang in the new year by giving members more than $1 million in loyalty dividends Monday. The total represents a 3% bonus on dividends earned and consumer loan finance charges paid in 2007. "This year brought an extraordinarily challenging financial climate. I am proud of our team for continuing to grow our assets and also thrilled to be sharing that success with our members," said Paul Marotta, board chairman. "I can think of no better way of telling them all, 'Thank you.'" Hanscom serves 42,000 members and has $578 million in assets … * HARRISBURG, Pa. (1/3/08)--Mid-Atlantic Corporate FCU has hired ALM expert Bruce Six to lead its new Asset and Liability Management (ALM) department. He brings more than 17 years' experience in the credit union movement, with various roles, including most recently administrator of ALM and investments at Pennsylvania State Employees CU. Six will work with credit union members and current ALM business partners to grow the corporate's ALM function. He also will be a member of its Investment and Asset and Liability Management committees (Life is a Highway Jan. 2) …


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