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CU System
CU System briefs (04/11/2008)
* SEATTLE (4/14/08)--SHARE CU, a $32 million asset Seattle credit union that served primarily health care employees, will merge into Seattle-based, $500 million-plus asset Watermark CU by the end of May, the credit unions announced Friday. SHARE's members voted to approve the merger last week. Watermark, which originally served telephone company employees, now serves anyone living or working in Washington state. Watermark will retain all of SHARE's employees and its two/Seattle-based branches. SHARE said it sought proposals for a merger and chose Watermark because it will honor SHARE's links to area medical centers and provide increased access to financial products at a better price. This is Watermark's third merger in four years … * RANCHO CUCAMONGA, Calif. (4/14/08)--California and Nevada Credit Union Leagues Senior Events Manager Neil Schwartz was featured in a recent article in MiMegasite, an online publication for meeting, convention, incentive and trade show professionals, and in the April edition of Successful Meetings magazine. The article discussed how a fire at Monte Carlo Hotel in Las Vegas in late January displaced the league's conference scheduled at the hotel. Schwartz needed to move four sets of breakouts with meals and two general sessions, plus welcome receptions for the league event. The Monte Carlo transferred the meeting to the Bellagio, which honored Monte Carlo's rates for food, beverage, audio visual services and rooms. Schwartz recommended "regular and immediate contact with your attendees when the situation is up in the air." He used blast e-mails and updates on the league's websites to communicate with attendees … * RALEIGH, N.C. (4/14/08)--State Employees' Credit Union (SECU) Foundation has partnered with the North Carolina National Guard Association Educational Foundation to provide a $10,000 scholarship to study at one of the UNC System Universities and a $5,000 scholarship to study at a community college within the North Carolina Community College System. Recipients, to be selected by the National Guard foundation, must be a child or grandchild of a North Carolina National Guard unit soldier or airman placed into any military service and who became permanently disabled or died during active duty … * FREMONT, Ohio (4/14/08)--Fremont FCU donated $125,000 to Investment in the Future, a major gift campaign at Terra Community College, according to The News-Messenger (April 8). Anthony Camilleri, CEO of the $130 million asset credit union, said education has always been a mainstay of the credit union movement. Investing in the local community college sustains the movement's ongoing philosophy of service to members and communities, he added …


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