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News Now

CU System
CU System briefs (04/01/2010)
* ALBANY, N.Y. (4/2/10)--The New York Credit Union Foundation (NYFCUF) announced that students from Irondequoit High School, Rochester, N.Y., have won the 2010 New York State LifeSmarts title after defeating 54 other teams in the online competition. The competition was coordinated in New York by the foundation. LifeSmarts ... the Ultimate Consumer Challenge is a financial education competition for students in grades 9-12. Here, Michael Vadala, left, foundation board member and CEO of The Summit FCU, presents the team with a $500 check to cover any expenses incurred when it vies for the National LifeSmarts title in Florida. With Vadala are, from left, Muhammad Zahid, Samantha Jebbett, Daniel Lenzi, Connor Enright, Alicia Kolacki and team coach, Louis DiCesare. (Photo provided by the Credit Union Association of New York) ... * HARRISBURG, Pa. 4/2/10)--Lancaster-area credit union representatives met with U.S. Rep. Joe Pitts (R-16) at Lancaster Red Rose CU, according to the Pennsylvania Credit Union Association (PCUA)(Life is a Highway March 31). Pitts is a co-sponsor of H.R. 3380, the Promoting Lending to America's Small Business Act of 2009, which would raise credit unions' member business lending cap. Participants shared stories about what they are doing for their members and small business during the tough economy. Discussions also covered the recently passed health care bill, student lending and spending. From left: Vernon Grant, controller, Wheatland FCU; Lonny Mauer, State Credit Union Advisory Committee member and CEO, Belco Community CU; Kathy Rye, CEO, Wheatland FCU; Barry Ashenfelder, president/CEO, Lanco FCU; Rep. Pitts; Kent Hartzler, CEO, Mennonite Financial FCU; Abby Achey, PCUA Governmental Affairs Committee member and CEO, Lancaster Red Rose CU; Diana Roberts, PCUA Board member and CEO, Hershey FCU; and Carol Humenick, PACUA Governmental Affairs Committee and senior vice president, Citadel FCU. (Photo provided by the Pennsylvania Credit Union Association) ... * BROOKLYN, N.Y. (4/2/10)--Brooklyn (N.Y.) Cooperative FCU President/CEO Samira Rajan, was named one of Crain's New York Business magazine's "40 Under 40." The annual list recognizes 40 New Yorkers who excel in their fields before turning age 40. Rajan started at Brooklyn Cooperative--a community development credit union serving Brooklyn's Bushwick and Bedford-Stuyvesant neighborhoods--in 2001 as an intern after receiving her master's degree in public policy from Harvard University. She became loan officer, then chief operating officer, and in 2008, CEO. Rajan is also director of Grow Brooklyn, the credit union's non-profit affiliate that allows the credit union to provide high impact services such as foreclosure prevention services and free tax preparation to low-income members. The credit union has $9.4 million assets ...


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