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CU System briefs (05/19/2008)
* ASHEVILLE, N.C. (5/20/08)--North Carolina Gov. Mike Easley has appointed K. Ray Bailey, president emeritus of Asheville-Buncombe Technical Community College, to a seat on the North Carolina Credit Union Commission (Citizen-Times.com May 17). Bailey was appointed to a four-year term, representing the western region of the state. The seven-member commission works with the Credit Union Division in the state Department of Commerce. It holds semi-annual meetings to discuss statistics, training and legislative initiatives … * WASHINGTON (5/20/08)--Credit unions have until June 17 to nominate their candidates for the Herb Wegner Memorial Awards, credit unions' highest national honor. Awards are presented for individual achievement, outstanding organization/program and lifetime achievement. To make a nomination or for more information, go to National Credit Union Foundation site … * PALO ALTO, Calif. (5/20/08)--Addison Avenue FCU has received Fannie Mae's Prime Alliance Credit Union Lender of the Year award for 2007. The award was announced at the annual Prime Alliance Symposium on May 6. Criteria reviewed included community outreach, increased loan originations and improved processing efficiencies in the mortgage department. In 2007, the credit union generated more than 990 mortgages totaling more than $300 million. Of these, more than 475 loans (totaling more than $106 million)were sold to Fannie Mae. The loans are a 129% increase over 2006 (through October) and a 140% increase of Purchase Money Mortgages (mortgages sold to Fannie Mae). Of the Purchase Money Mortgages, 14% were in areas considered underserved by Fannie Mae. That beat Addison Avenue's goal of 10%. The award winner is chosen from a national pool of credit unions … * PHOENIX (5/20/08)--Ron Amstutz, senior vice president of Phoenix-based Desert Schools FCU, received the prestigious Credit Unions for Kids Miracle Maker Award from the Children's Miracle Network (CMN) at a recent ceremony in Orlando, Fla. Amstutz was the driving force behind major fundraising efforts for Phoenix Children's Hospital's "1 Darn Cool School," an on-site classroom facility for long-term patients. Desert Schools is the top credit union in the U.S. for funds raised for CMN--with more than $1.5 million collected since 1998. In 2007, members, employees and sponsors contributed $340,000 to the hospital …


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