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CU System briefs (04/25/2014)
  • MADISON, Wis. (4/25/14)-- Vancity CU, Vancouver, Canada, is providing funding to the World Council of Credit Unions' Worldwide Foundation to support phase three of its Build the Brand series . The financial support will help cover virtual conferences, social media and in-person events to showcase innovative digital payment solutions and services and explore how they can improve member experience. In 2012, phase one explored how the credit union difference was conveyed in the U.S., Canada and Australia. Phase two followed up with developing strategies to reach younger members through social media ...
     
  • EVANSVILLE, Ind. (4/25/14)-- Evansville (Ind.) Teachers FCU awarded $50,000 in scholarship funds Wednesday to graduating high school students from Indiana and Kentucky ( TristateHomepage.com April 23). The $920 million-asset credit union distributed 10 scholarships worth $5,000 each in honor of past president Ted Hitch. The program has given more than $300,000 to about 170 students since 1993 ...
     
  • LOUISVILLE, Ky. (4/25/14)-- Huston Reinle, who has been with Autotruck Financial CU, Louisville, Ky., for 43 years, will retire as president/CEO April 30 . Beginning his career as a teller, Reinle was named president in 1983 and led the credit union's expansion to $101 million in assets and more than 15,000 members. Reinle also served on the board for the Kentucky Credit Union League (KCUL), Kentucky Corporate FCU and the Credit Union National Association. Autotruck Financial announced, effective May 1, Jim Thompson would become the credit union's fourth-ever president . Thompson began his credit union career with KCUL and most recently served as president/CEO of Kentucky Corporate FCU, Louisville ...
     
  • BUTTE, Mont., and LONGVIEW, Wash. (4/25/14)--The board of EDTECH FCU, a $69 million-asset credit union in Butte, Mont., voted to merge with Horizon CU, Spokane, Wash., with $584 million in assets and 18 branches . The merger needs regulator and membership approval, which if occurs, will result in one credit union by Oct. 31. All 12 EDTECH employees would keep their jobs in Butte should the merger be approved ( Montana Standard April 24). President Tom Kiely said he would retire when the merger is finalized, and his wife, Judy Kiely, would serve as a regional manager. On Wednesday, in Longview, Wash., the membership of Cowlitz CU, with $41 million in assets, approved the credit union's proposed merger with Red Canoe CU, with $581 million in assets . The merger is expected to be finalized May 1, according to Red Canoe ...


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