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CU System
CU System briefs (01/24/2011)
* SAN FRANCISCO (1/25/11)--Patelco CU will move its headquarters this month from San Francisco to Pleasanton, Calif., and expand its staff to reflect a shift in focus to member service and sales, according to the San Francisco Business Times (Jan. 21). The credit union has 24 job openings, mostly for member services at the $3.65 billion asset credit union's 40 branches. During the recession, the credit union halted recruiting and closed several branches. Business is improving, and Patelco plans to increase staff in 2011 … * MIDLAND, Mich. (1/25/11--Dow Chemical Employees CU, based in Midland, Mich., recently returned $5.7 million to its members in the form of rebates and rewards, according to the Michigan Credit Union League (Michigan Monitor Jan. 24). Members in good standing received a 15% loan interest rebate on their total interest paid on all eligible loans; a 15% Member Saver Reward for a portion of the dividends/interest earned on all share/deposits and a Visa Check Card rebate of 0.125% of all signature-based transactions and one cent per each PIN-based transaction during 2010. DCECU has $1.4 billion in assets … * FORT WORTH, Texas (1/25/11)--American Airlines CU (AA CU) paid a $10 million dividend to members on Dec. 31. The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans. Savings dividends for the period between Jan. 1 and Nov. 30, 2010, was paid at an annual rate of 4.72%. The additional portion of the bonus dividend was calculated at an annual rate of 4.72% of interest paid Jan. 1-Nov. 30 on applicable loans. AA CU, based in Fort Worth, Texas, has more than $5.2 billion in assets …


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