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CU System
CU System briefs (02/27/2014)
  • HIGHTSTOWN, N.J. (2/27/14)--Three New Jersey credit unions have been named as "best places to work in New Jersey" according to NJBIZ magazine (Daily Exchange Feb. 26). In the small- to medium-business category for 15-249 employees, Credit Union of New Jersey, $326 million in assets, Ewing; and XCEL FCU, $148 million in assets, Bloomfield, were honored. Basking Ridge-based Affinity FCU, $2.2 billion in assets, was named in the large category for 250 or more employees. One hundred businesses are on the 2014 list, which was determined by assessing workplace policies and philosophies, followed by employee experience ratings. ...
  • COLCHESTER, Vt. (2/27/14)--Heritage Family CU, a $351 million-asset credit union in Rutland, Vt., announced its president/CEO, Ron Hance, will retire after 36 years (Newslines Express Feb. 21). He will stay on at the credit union until a successor is hired, which the board said would be this fall. When Hance began as CEO the credit union had just over $2 million in assets, three employees and one branch. Now it serves nine branches with two student credit unions and more than 145 employees. Hance started his relationship with the credit union in 1967 as a director, becoming president/CEO in 1978. He has been a board member for the World Council of Credit Unions, board chairman for the Vermont Credit Union League and a board member for the Credit Union National Association. ...
  • HARAHAN, La. (2/27/14)--Nicholls FCU, $1.3 million in assets, and ASI FCU, Harahan, La., have been approved for a merger (eNews Feb. 26). The Thibodaux, La., credit union is located near Nicholls State University. ASI FCU CEO Mignhon Tourne met with members during a Feb. 18-19 gathering that provided information about the $311 million-asset credit union. ...


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