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CU System
CU System briefs (01/25/2010)
* FARMINGTON, N.M. (1/26/10)--Two Farmington, N.M., credit unions have merged, effective Dec. 31. Totah CU, with $5.7 million assets, merged into Animas CU, which has $94 million in assets (The Daily Times Jan. 25). Animas CEO Gary Sterton told the local newspaper it is getting difficult for small credit unions to compete. Totah served members tied to educational institutions and school districts, but it needed to provide more services, which Animas CU offers ... * FARMINGTON, N.M. (1/26/10)--Animas CU's main street branch was evacuated Friday after an employee spotted a suspicious package in the parking lot. Since no wires were protruding, the bomb squad X-rayed it and determined it contained foam wrapped in duct tape and was harmless. The $94 million asset credit union's employees returned to work (The Daily Times Jan. 23) ... * CAMBRIDGE, Mass. (1/26/10)--Commemorating more than 25 years of services to employees at Massachusetts General Hospital (MGH), Harvard University Employees CU (HUECU) has donated $100,000 to the MGH Fund. The check presentation was Jan. 12. The fund offers unrestricted support in patient care, research, global and community health, and education. With the donation HUECU was given the opportunity to dedicate staff lounges on floors six through nine in the Yawkey Center for Outpatient Care, which HUECU specified in honor of MGH employees (Targeted News Service Jan. 15) HUECU has $302 million in assets and is based in Cambridge, Mass. ... * LAWRENCEVILLE, Ga. (1/26/10)--Gwinnett FCU has established an annual scholarship fund for Georgia Gwinnett College (GGC) students majoring in early childhood education, special education or another major leading to teacher certification. It is the first scholarship established at GGC that specifically benefits School of Education students, said Dean Cathy Moore. It also is the first scholarship at the college established by a business in the financial services sector. Marshall Boutwell, president/CEO of the $146 million asset credit union, said the credit union currently funds $58,500 in student and adult career scholarships in local school systems. The new scholarship will cover full tuition and fees and is renewable up to four years ... * HOUSTON (1/26/10)--Betty L. Bukowski, board chair of People's Trust CU, Houston, has died, according to the Texas Credit Union League (LoneStar Leaguer Jan. 25). Bukowski was in the midst of attending the first Volunteer Certification School and becoming a certified credit union volunteer because "being a board member is serious business," she said. She had been with the credit union at least 38 years, when it gave her a car loan when "banks would not talk to me," she told the league. Services were Thursday in Darien, Ill. ...


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