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CU System briefs (05/14/2009)
* WARMINSTER, Pa. (5/15/09)--To celebrate its 75th anniversary, Freedom CU offered 7.5% Annual Percentage Yield on new certificates of deposit (CD) or individual retirement accounts (IRA). The special-rate CDs and IRAs, which were offered to new members, had a one-year term and were for$1,000 maximum. Overall, 441 new members signed up for the special CD or IRA, which could be opened with a phone call, on the Internet or at any credit union branch. Based in Warminster, Pa., Freedom CU has $380 million in assets … * DENVER (5/15/09)--A man suspected of robbery and a bomb threat at White Crown FCU, in downtown Denver, was arrested less than two hours later in a bar about a half- mile away. John Lee McMillen, 52, is alleged to have robbed the credit union Tuesday morning before leaving behind a backpack that he said contained a bomb. An undisclosed amount of cash was taken during the heist. Police said they did not know if a weapon was used during the robbery. A robot was sent into the credit union by Denver Police and Federal Bureau of Investigation agents to shoot water on the backpack. No explosive was found, police said (The Denver Post May 13) … * NEWBURGH, Ind. (5/15/09)--During 2008, Heritage FCU partnered with more than 110 local organizations to help with their service missions. It donated funding and/or in-kind gifts totaling more than $75,900 to organizations such as Ronald McDonald House and nearby campus groups at University of Evansville and University of Southern Indiana. Heritage's employees also volunteered their time and talents for 48 organizations last year, donating more than 1,380 hours through organizations such as Habitat for Humanity, Easter Seals--where the credit union won an award/traveling trophy for raising the most funds--and Evansville area public broadcasting stations. President/CEO Ruth Gaon noted the credit union's employees "truly understand that volunteerism is alive and well in America, especially at Heritage FCU." … * POUGHKEEPSIE, N.Y. (5/15/09)--Hudson Valley FCU, based in Poughkeepsie, has teamed up with the Poughkeepsie Journal as part of the Newspaper in Education program, the newspaper reported (May 9). They created an educational supplement, "Dollars & Sense," which offers money management tips such as setting goals and making budgets. The section is delivered to middle and high school students in Dutchess and Ulster counties. Credit union employees also conducted "Show Me the Money" presentations at four local schools. The program fosters students' awareness about developments in their community and the world. It also provides newspapers as a classroom resource, curriculum guides, lesson plans and other special supplements …


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