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News Now

CU System
CU System briefs (03/23/2009)
* HARRISBURG, Pa. (3/24/09)--So far in 2009, Pennsylvania's credit union members have purchased 1,928 new vehicles through Invest in America, the auto loan partnership between credit unions and General Motors and Chrysler Corp. LLC. GM dealers reported sales of 1,234 vehicles, and Chrysler reported 694 new vehicles sold to qualifying credit union borrowers. "While many lenders have scaled back or stopped making loans, the good news is that credit unions are still making loans to qualified vehicle buyers," said Pennsylvania Credit Union Association President/CEO Jim McCormack ... * WASHOUGAL, Wash. (3/24/09)--A black tube in a duffle bag, thought to be a bomb, outside Vancouver, Wash.-based Columbia CU's branch in Washougal, Wash. turned out to be fishing gear, according to kgw.com (March 20). A man who left the luggage and fishing gear outside the credit union returned just before the bomb squad evacuated the area. Police had already closed roads around the credit union. The incident followed another incident last week when police arrested a suspect in the robbery of LaCamas CU and discovered a bomb in the getaway car …


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