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CU System briefs (03/20/2009)
* RALEIGH, N.C. (3/23/09)--Members of State Employees' CU have topped $20 million in People Helping People Scholarships, provided through the SECU Foundation to students in every traditional public high school in North Carolina. The four-year college scholarships, valued at $10,000 each, are awarded to graduating seniors to study at one of 16 constituent campuses of the University of North Carolina System … * RALEIGH, N.C. (3/23/09)--Local Government FCU's (LGFCU) special affinity Visa Check Card exclusive to all North Carolina's firefighters and their families has resulted in $254,316 in donations to the North Carolina State Firemen's Association (NCSFA). The bright red cards feature a firefighter's helmet. Instead of fees coming from firefighters and their families, store merchants pay the fees to process the debit card transaction, and LGFCU takes half the fee for every purchase and directs it to NCSFA. According to LGFCU President Maurice Smith, the partnership generates about $20,000 per quarter in donations. More than 4,000 of the cards are in circulation (Weekly Update March 20) … * KANSAS CITY, Mo. (3/23/09)--Mazuma CU, based in Kansas City, Mo., has presented a $40,000 endowment to the University of Missouri-
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Kansas City (UMKC), according to the Missouri Credit Union Association (The Missouri difference March 20). The endowment will provide two $1,000 scholarships for years to come--one to a student in the Business and Public Administration School and one to an Education School student. In the photo, Mazuma President/CEO Rob Givens, left, presents the endowment on Feb. 25. (Photo provided by the Missouri Credit Union Association) … * GIG HARBOR, Wash. (3/23/09)--Harborstone CU has decided to offer reverse mortgage services to its senior members. The Tacoma, Wash.-based credit union partnered with Security Reverse Mortgage, Gig Harbor, Wash., to offer the Security Reverse Credit Union Program to educate, process and fund reverse mortgage loans for senior members. Over 25% of the credit union's members qualify for a reverse mortgage, said Roger Johansen Sr., vice president of lending at the $550 million asset credit union. Seniors often have difficulty paying for living expenses due to inflation and reduction in retirement accounts, said the credit union. A reverse mortgage helps members increase monthly cash flow and retire their monthly mortgage payments, said Harborstone …


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