Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (04/14/2010)
* JERSEY CITY, N.J. (4/15/10)--On April 1, Liberty Savings FCU launched its "CURE" membership campaign to raise awareness of the opportunities and benefits of joining a credit union (The Daily Exchange April 14). The name refers to helping consumers find the right "medicine" for financial "ailments" they might be experiencing at other financial institutions. Staff, pictured here, will wear medical scrubs and lab coats throughout the campaign. In addition to promotions in its branches, the credit union is advertising in local newspapers and has banner ads on NJ.com. It also will conduct several financial literacy seminars. "We want to help consumers realize there is an alternative to the high fees, high interest rates and bad service they may be experiencing in their dealings with other financial institutions," said Sean McDonald, chief marketing officer. (Photo provided by the New Jersey Credit Union League) ... * CHARLESTON, S.C. (4/15/10)--Two former employees of South Carolina FCU's Summerville, S.C., office pleaded guilty to siphoning off between $200,000 and $400,000 from inactive accounts. Robert Tam, 42, former risk analyst, and Jason Nicklous Kizer, 31, former account manager, took the funds from the accounts of a deceased woman, deployed military personnel, and others between 2005 and 2009. They were fired last fall. They face a maximum penalty of 30 years in prison and $1 million in fines (Associated Press and The Post and Courier April 14) ... * ST. LOUIS (4/15/10)--Vantage CU President/CEO Hubert Hoosman Jr.,
Click to view larger image Click for larger view
right, presented a check for 10,000 to Diane Buhr, left, executive director of the Special Education Foundation (SEF), and Linda Fahrenkrog, SEF vice president, to be used for scholarships for students with disabilities who plan to obtain a higher education. "For years Vantage has been serving educators in a variety of ways, including sponsoring scholarships and offering free financial education presentations," said Hoosman. The check presentation was made at the credit union's main office in Bridgeton, Mo. SEF has been awarding scholarships since 1988. Vantage is a $628 million asset credit union with more than 111,500 members. (Photo provided by Vantage CU) ...


RSS print
News Now LiveWire
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
19 seconds ago
@TheNCUA open meeting is slated to start at 10 a.m. ET. Should be a quick one. #NewsNow http://t.co/rfYjnat7eI
37 minutes ago
Mass. CUs in unanimous vote joined RI and NH CUs in approving merger of the 3 state leagues 2 form the Cooperative Credit Union Association.
44 minutes ago
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
19 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
20 hours ago