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CU System briefs (03/10/2014)
  • MADISON, Wis. (3/10/14)-- Tom Sakash has joined News Now , CUNA's daily online news service, as web assistant editor. From 2011 to 2013, Sakash was the city beat reporter for The Davis (Calif.) Enterprise . In addition to studying journalism at the University of Wisconsin-Madison, he earned his bachelor's degree in Spanish from Carthage College, Kenosha, Wis. Sakash will be based in the Madison, Wis., office. ...
  • ANN ARBOR, Mich., and JACKSONVILLE, Fla. (3/10/14)-- University of Michigan CU, Ann Arbor, $518 million in assets, and $20 million-asset Eastern Michigan University CU, Ypsilanti, completed a merger agreement after seven months of negotiations ( The Ann Arbor News March 7). The merger provides, among other services, mobile banking and deposit, instant issue debit and credit cards for Eastern Michigan University CU and, for University of Michigan CU members, the convenience of a branch in Ypsilanti, said Jeff Schillag, vice president of marketing and community relations, University of Michigan CU. In Florida, two Jacksonville credit unions announced board approval to merge. First Florida CU, $408 million in assets, and State Employees CU, $299 million in assets, will merge pending member and regulator approval. ( The Florida Times-Union March 6). First Florida CU will have access to a credit card program, while State Employees CU will gain a financial management platform. ...
  • Pennsylvania Credit Union Foundation Executive Director Joe Wambach (center) poses with students after reading a book. (Pennsylvania Credit Union Association photo)
    HARRISBURG, Pa. (3/10/14)-- The Pennsylvania Credit Union Association (PCUA) and $2.5 billion-asset Members 1st FCU, Mechanicsburg, helped turn the pages during the Harrisburg School District's 500 Men Reading Week event ( Life is a Highway March 5). George Nahodil, executive vice president of marketing, Members 1st FCU; Mike Wishnow, senior vice president of communications and public relations, PCUA; and Joe Wambach, executive director, Pennsylvania Credit Union Foundation, read at three different schools. The program, which recruits 500 men to read to elementary students, is being implemented in Westmoreland and Beaver counties thanks to WEST-AIRCOMM FCU, Beaver, $192 million in assets, and Westmoreland Community FCU, Greensburg, $54 million in assets. ...
  • HOOVER, Ala. (3/10/14)-- Alabama Telco CU, Hoover, Ala., launched its Save Up CD program in February ( eSignal March 7). The CD requires a minimum deposit of $500, compared with the traditional $1,000, and has a fixed rate for its 12-month term. "We designed our Save Up CD for those looking to learn how to save, build confidence in their investments and enjoy a little flexibility with their funds," said Stanton Davis, vice president of marketing for the $595 million-asset credit union. ...


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