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CU System briefs (02/26/2010)
* MADISON, Wis. (3/1/10)--UW CU in Madison, Wis., has announced a partnership with the Wisconsin Home and Economic Development Authority (WHEDA), which will add the WHEDA Fannie Mae Advantage mortgage program to the credit union's line of mortgage products. Available March 1, the WHEDA-backed loans will be available through UW CU for qualified buyers. The mortgage offers up to 100% financing on 30-year fixed-rate loans for first-time homebuyers. Borrowers won't be required to buy private mortgage insurance. The program includes guidelines for purchase price and borrower income limits, which are set per county. "This is an accessible, affordable program for first-time homebuyers," said Paul Kundert, president/CEO of the more than $1 billion asset credit union ... * MACOMB, Ill. (3/1/10)--Western Illinois CU is poised to assist members who are Western Illinois University employees through the state's budget crisis. "We want our WIU members to know we will be there to help them if there is a problem," said WICU President Brenda Coker. "We do not want to alarm our members; we only want to let them know we are prepared to help them." If the state's cash flow problems worsen, the credit union said, members can arrange for short-term loans to help pay their monthly bills. They can schedule a meeting with the credit union to discuss opportunities available for assistance. The credit union services faculty and staff at the university as well as employees of the county school system, including former employees, and their families ... * DES MOINES, Iowa (3/1/10)--Murray Williams, chief operating officer of the Iowa Credit Union League, earned his Certified Association Executive (CAE) credential from the CAE Commission of the American Society of Association Executives (ASAE). Williams was one of 278 association executives nationwide, and one of only two in Iowa, who successfully completed the CAE examination on Dec. 4. He joins 3,600 industry leaders worldwide wit the CAE designation ...


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