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News Now

CU System
CU System briefs (02/12/2014)
  •  BIRMINGHAM. Ala. (2/12/14)--Severe winter weather hit Alabama again yesterday and the League of Southeastern Credit Unions and Affiliates announced Tuesday morning that many credit unions in central and northern Alabama were closing or delaying openings in an effort to avoid adding to traffic problems seen a few weeks ago. Early Tuesday the league reported on its website that at least 10 credit unions were delaying openings or staying closed due to some icy and closed roads and generally hazardous conditions. The storm also prompted school and business closings throughout North Alabama. The National Weather Service issued a winter storm warning for a second round of snow, which could bring the snow total to eight inches in some area ...
  • PORTSMOUTH, N.H. (2/12/14)--A funeral service for Peter Kavalauskas, 62, president/CEO of Northeast CU here, who died Saturday as the result of a snowmobiling accident (News Now Feb. 11), will be Thursday, Feb. 13 at 11 a.m. (ET) at Wiggin-Purdy-McCooey-Dion Funeral Home, in Dover, N.H. Remembrances of the credit union leader continue to flow in, including from Gerald Dumoulin, chairman of the New Hampshire Credit Union League and CEO of Guardian Angel CU, who said, "Credit unions have lost a good friend. Peter was a leader in the credit union industry. For 35 years, he exemplified the spirit of the credit union movement through his willingness to cooperate with his peers and serve credit union members. He will be greatly missed." John Murphy, president of the Maine Credit Union League, said his association joins many others across the credit union movement in mourning the loss of Kavalauskas: "Peter was a not only a dedicated and committed leader but a great person and family man. Our thoughts and prayers are with his family and officials and staff at his credit union during this difficult time." ...
  • ALEXANDRIA, Va. (2/12/14)--There is a link change of the National Credit Union Administration's Office of Small Credit Union Initiative's Feb. 19 free webinar on field-of-membership expansions. The webinar, starting at 2 p.m. (ET), will inform participants on when charter expansions make sense strategically, the advantages of each type of federal charter, policy requirements for various expansion options, and where to find additional information. Register here ...


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