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CU System
CU System briefs (03/01/2012)
  • TUCSON, Ariz. (3/2/12)--Hughes FCU was named the Indirect Lender of the Year for 2011 by the Mountain West Credit Union Association, which serves credit unions in Arizona, Colorado and Wyoming. Hughes FCU made 8,063 auto loans totaling more than $173 million through indirect lending in 2011, which represents a 345% increase when compared to 2010. During that period, the credit union increased its membership by 14%, with indirect lending accounting for just under 8% of growth. This is the second time that Tucson, Ariz.-based Hughes FCU has received the Indirect Lending of the Year Award …
  • SALEM, Ore. (3/2/12)--Maps CU has created the Maps Community Foundation to coordinate its community service activities (Statesman Journal Feb. 29). The foundation is a charitable organization that will emphasize financial education and asset-building initiatives. The foundation's first activity will be recruiting applicants for $10,500 in scholarships that will be granted this year to college-bound students. The Salem, Ore.-based Maps CU, which has $401 million in assets, has contributed more than $135,000 to Credit Unions for Kids and more than $58,000 in scholarships since it began tracking its giving …
  • FORT KENT, Maine (3/2/12)--Acadia FCU representatives will work side-by-side with students majoring in education at the University of Maine at Fort Kent (UMFK) to present the "Benny Banks" program in local classrooms. The pilot program for students of all ages received a $12,000 grant from the National Credit Union Foundation to coordinate events, develop resource materials and create financial literacy kits (Maine CU League's News and Views, March). From left, Acadia FCU Vice President Luis Sanclemente, UMFK Dean of Community Education Scott Voisine, Acadia FCU President/CEO Dave Desjardins and George Bragdon, Americorps VISTA volunteer at UMFK, recently accepted the NCUF grant check for the joint venture between the university and the credit union, which launched in November 2011 (Photo provided by the Maine Credit Union League) …


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