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News Now

CU System
CU System briefs (05/06/2008)
* HARRISBURG, Pa. (5/7/08)--The board of directors of the Pennsylvania Credit Union Association (PCUA) approved the purchase of Policy Pro, an online policy library with more than 200 policies on topics such as human resources, third-party due diligence, accounting issue, Bank Secrecy Act and red flags. PCUA is making the policies available to member credit unions at no charge and expects the program to become available later this summer (Life is a Highway May 1) … * BLOOMFIELD HILLS and AUBURN HILLs, Mich. (5/7/08)--A planned merger of two Southeast Michigan credit unions--$600 million asset T&C FCU in Bloomfield Hills and $600 million asset USA CU in Auburn Hills--would create the fourth-largest credit union in the state (mlive.com May 2). Combined assets would total more than $1.2 billion. The new credit union would be called Genesis, reflecting the membership roots of both credit unions--General Motors for T&C FCU and Burroughs/Unisys for USA CU. USA CU President Mary McDonald would remain with Genesis during the transition, then retire. T&C President/CEO Dianne Addington would be CEO-designate of the merged institution. The merger is pending approval by T&C members in August … * FAIRBORN, Ohio (5/7/08)--Douglas A. Fecher, right, president/CEO of Wright-Patt CU was named as "Professional of the Year" by the Ohio Credit Union League during the league's ZENITH08 conference April 24 in Columbus. Fecher is shown with Steve Behler, league chair and CEO of Kemba CU, who made the presentation. Fecher's innovations include StretchPay, a credit union alternative to payday lending that has received national and statewide attention. Fairborn-based Wright-Patt CU has doubled in asset growth since 2002. (Photo provided by Wright-Patt CU Inc.) … * HARRISBURG, Pa.(5/7/08)--Amanda Grolemund, 25, of Erie, Pa., was the winner of a statewide contest to serve as 2008 Credit Union Youth Ambassador of Pennsylvania. She represented the Erie Chapter of Credit Unions and is the marketing manager at Erie General Electric FCU. The contest was conducted during the Pennsylvania Credit Union Association's (PCUA) 74th Annual Convention and Expo. As youth ambassador, Grolemund will speak to credit union officials throughout the state at PCUA events and regional chapter meetings. First Alternate is Kathryn Berger, 22, of M-C FCU, Danville, representing the N.W. Susquehanna Chapter of Credit Unions, and Second Alternate is Christopher Owens, 24, of Pennsylvania State Employees CU, Harrisburg, representing the Harrisburg chapter … * NEENAH, Wis. (5/7/08)--Ten-year-old Emma Flottemesch of Neenah, Wis., shown here, was recognized as the 3,000th member of Neenah-based Evergreen CU and was awarded prizes. Emma's entire family are members of the credit union. The $22 million asset credit union is celebrating its 50th Anniversary this year. ECU President Sherry Johnson told Emma, "We've been waiting 50 years for you." (Photo provided by Evergreen CU)


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