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CU System briefs (01/05/2010)
* MANHATTAN BEACH, Calif. (1/6/10)--Kinecta FCU board of directors announced that credit union industry veteran Steve Lumm has joined the Manhattan Beach, Calif.-based credit union as interim president/CEO, effective immediately. He previously was president/CEO of the $1.8 billion asset Addison Avenue FCU (formerly HP Employees FCU) for 12 years and was instrumental in establishing its credit union service organization, Addison Avenue Financial Partners, which managed $1.7 billion in assets when he retired in early 2007. Since retiring, he has acted as a credit union consultant with Nice Enterprises Inc. Lumm also has served in leadership positions at Hewlett-Packard and was chair of the HP Employees FCU board and of the Supervisory Committee. Lumm will work with Kinecta's leadership team to continue the credit union's fourth-quarter performance momentum and deliver on its financial and operational plans while the search for a CEO is underway ... * MANCHESTER, N. H. (1/6/10)--Northeast CU has donated $10,000 to the New Hampshire Food Bank. In the photo, Northeast CU
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President/CEO Peter Kavalauskas presents the check to Melanie Gosselin, executive director of the food bank, on behalf of the credit union's employees, volunteers and board members. The food bank has seen a 30% to 40% increase in demand for meals from people struggling with the economy. "We recognize the extreme need to support our local communities, particularly during the holiday season when so many families are working hard to make ends meet and struggling to place food on their tables," said Kavalauskas. The Portsmouth, N. H.-based credit union has $656 million in assets. (Photo provided by Northeast CU) ...


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