* NEWARK, Del. (2/17/10)--Louviers FCU has been approved to participate in the Delaware Economic Development Authority (DEDO) Small Business LIFT Program. LIFT, which stands for Limited Investment for Financial Traction, is a loan program to help fledging small businesses improve their cash flow. It was developed by DEDO with several state commercial banks. The credit union requested to be included in the program to make the funding available to its small business members, said the Delaware Credit Union League (Together
Feb. 15). Businesses eligible must have three to 50 employees, be in business at least three years, and have an existing line of credit with and be sponsored by their financial institution. Total funding per business is a maximum of $25,000 for a seven-year term loan. There are no payments for the first two years, and the business makes principal-only payments over the next five years. DEDO makes the interest payments directly to the financial institution on the borrower's behalf ... * NAPERVILLE, Ill. (2/17/10)--Rockford, Ill.-based Generations CU, working with Goodwill of Northern Illinois and the Center for Economic Progress, has opened a free
Volunteer Income Tax Assistance (VITA) site in Rockford at the Goodwill location. The site is open Tuesday and Wednesday evenings and Saturdays through April 15. The Internal Revenue Service's(IRS) VITA program offers free tax-filing help to low-to-moderate income tax filers. The site will encourage taxfilers to file returns early and apply for the Earned Income Tax Credit. In the photo, Denise Leonard, Generations CU member relations manager, announces at a press conference the credit union's role as the sole financial partner for the VITA site, saying it is a great opportunity to serve the unbanked in the community. (Photo provided by the Illinois Credit Union League) ... * MADISON, Wis. (2/17/10)--For the second consecutive year, Wisconsin Gov. Jim Doyle's Council on Financial Literacy has selected Madison-based UW CU to receive the Governor's Financial Literacy Award. The award recognizes individuals and organizations for excellence in promoting financial literacy among Wisconsin residents. UW CU's selection was based on its Financial Education Program, which includes seminars hosted by the credit union. Jaimes Johnson, director of community and campus relations at UW CU, noted the program offers timely seminars on a broad range of topics tailored to the audience. Last year it added "Managing Your Finances During Difficult Economic Times" and "Credit Repair." In 2009, UW CU provided 260 seminars reaching more than 7,700 people--a 57% increase over the number reached in 2008. "We continually strive to reach as many people as possible, especially need-based groups," said Paul Kundert, president/CEO of UW CU ... * MT. PLEASANT, Mich. (2/17/10)--Isabella Community CU (ICCU), based in Mt. Pleasant,
Mich., raised more than $24,000, which it donated to 21 local organizations in 2009. Shown are, from left, ICCU's Sue Curtiss, Red Cross Executive Director Deb Birkam and ICCU's Jessica Tice during the presentation of $1,730 in proceeds from the credit union's annual Thanksgiving Pie Sale to the Isabella County Red Cross Food Pantry. Employees and members also raised $1,569 for "Into the Life Cancer Walk," participated in a fall yard cleanup effort, and tripled their United Way giving for 2010 with more than $7,730. "Being active in this community, and supporting community giving efforts are important to ICCU because 'community' is our middle name," said President/CEO Jay Anders. (Photo provided by Isabella Community CU) ... * COLORADO SPRINGS, Colo. (2/17/10)--Ent FCU, based in Colorado Springs, Colo.,
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concluded another Care and Share campaign, which involved monetary donations, an internal turkey drive and collection barrels at all its service centers throughout Colorado Springs, Denver and Pueblo. Ent provided 3,538 pounds of food plus $893 in monetary donations to the Colorado Care and Share and Food Bank of the Rockies programs. Ent employees brought in more than 128 frozen turkeys to add to the collection efforts. Here, Willard Taylor, Ent FCU's supply and mailroom coordinator, loads up donated canned goods to deliver to participating food banks. (Photo provided by Ent FCU) ...