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CU System
CU System briefs (05/25/2009)
* PALO ALTO, Calif. (5/26/09)--Addison Avenue FCU has launched a virtual Family Center to provide members and their children information about managing money, student loan and scholarship offerings, and recommendations about accounts. "With a belief that developing good financial habits starts early, we recognized the need to provide our members with the tools to start their kids on the right foot," said Jonathan Gowins, e-commerce social media manager at the $2.187 billion asset, Palo Alto credit union. The Family Center also covers topics such as how to read credit reports, find the right checking and savings accounts and how to use credit cards wisely, he said … * COLORADO SPRINGS, Colo. (5/26/09)--Colorado Springs CU, a $119.1 million asset credit union, has changed its name to Aventa CU. Established in 1957 as Colorado Springs Employees CU serving utilities employees, the credit union expanded its membership and rebranded itself as Colorado Springs CU. Today, nearly 40% of its 16,000 members live outside the city and the credit union wanted a name to reflect the growing membership (Colorado Springs Business Journal May 20) … * HARRISBURG, Pa. (5/26/09)--A Nazareth, Pa., man was sentenced Thursday to more than 11 years in federal prison for a robbery spree in three states that involved 15 financial institutions and convenience stores and more than $58,000. John Snuggs, 42, was sentenced by U.S. District Court Judge Richard P. Conaboy for the crime spree through Pennsylvania, New Jersey and Virginia between September 2007 and March 2008. One of the six financial institutions robbed was Baker FCU, Phillipsburg, N.J. The prolific robber was ordered to be placed on supervised release for five years after serving the prison sentence, pay more than $58,000 in restitution, and pay a special assessment of $1,500 (States News Service May 21) … * AUGUSTA, Maine (5/26/09)--Maine State CU Wednesday announced it has awarded $20,000 in scholarships of $1,000 each to 20 Maine high school students who will attend a post-secondary educational institution next year. The $250 million asset credit union serves Kennebeck and Somerset Counties and the employees of the state of Maine (MaineBusiness.com May 21) … * HARRISBURG, Pa. (5/26/09)--Eugene "Gene" Bradley, founding member and retired CEO of Ingersoll-Rand FCU in Athens, Pa., died Tuesday at the age of 76. He was past president of the Endless Mountains Chapter of Credit Unions, according to the Pennsylvania Credit Union Association (Life is a Highway May 22). He is survived by his wife of 52 years, Hazel; five children; 11 grandchildren; and six great-grandchildren. Funeral services were Friday (Morning Times May 20) …


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