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CU System
CU System briefs (01/08/2013)
  • DEARBORN, Mich. (1/8/13)--Members of Dearborn, Mich.-based DFCU Financial received a special patronage dividend totaling $21.8 million--half the credit union's earnings for 2012. The average dividend amount per member was $220. "In a household of five, receiving he dividend is very important to us, said Marc Gayeski, who has been a DFCU Financial member for 31 years. "Last year I was able to pay half our care payment with the dividend. This year, it will help to pay for a trip to Arizona to visit my wife's 90-year-old aunt." For more of Gayeski's story, use the link.  The $3.3 billion asset credit union calculates the dividend on the member's total relationship with it--the greater the relationship, the larger the dividend. Qualifying members receive 0.5% on their average yearly loan and deposit balances. Each receives at least $50 …
  • MIDDLETOWN, Pa. (1/8/13)--Virginia Williams, CEO of Jersey Shore FCU, Northfield, N.J., resigned from Mid-Atlantic Corporate FCU's Board of Directors, effective Dec. 31. The board appointed Alison DeTuncq, president/CEO of University of Virginia Community CU, Charlottesville, Va., to fill Williams' seat, as of Jan. 1. DeTuncq's appointment means Mid-Atlantic has credit union representation from Virginia. The corporate and VACORP merged operations in February. DeTuncq has served on Mid-Atlantic's Supervisory Committee since December 2011 and will continue that service. She began her career at the credit union in 1988 and has been president/CEO since 1998 …
  • MILWAUKIE, Ore. (1/8/13)--The popularity of online banking contributed to the closure of Milwaukie, Ore.-based Oregonians FCU's Eugene branch. The branch will close at 6 p.m. March 1, the $296.8 million asset credit union told members on its website. "Transaction volume, loan demand and new business at this location have continued to decline and are the lowest among our branch network," it said. "This branch is no longer able to support the operating costs that go along with running a branch." Members can maintain their accounts through shared branching locations, surcharge-free ATMs, or free electronic services such as online banking, mobile banking apps, mobile deposit, online bill pay, telephone banking and direct deposit. An Oregonians FCU representative in Springfield will assist with loans or non-transactional business. Of the 1,400 members with that branch, 20% actually conducted transactions there, the credit union told The Register Guard (Jan. 5) …


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