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CU System
CU System briefs (05/29/2008)
* LAVAL, Quebec (5/30/08)--Desjardins Group, the largest integrated cooperative financial group in Canada, announced it will be the official partner of the Quebec Soccer Federation for three years. The partnership agreement extends support from caisses (credit unions) to local and regional soccer associations across Quebec. Desjardins is also sponsor for the senior and U14 male and female categories of the Quebec Elite Soccer League. "Just like cooperation, soccer, as any team sport, is a sport where solidarity and mutual aid are key ingredients for success," said Monique F. Leroux, president/CEO of Desjardins Group (CNW Telbec May 21) … * PORTSMOUTH, N.H. (5/30/08)--Northeast CU (NECU) is encouraging people to save at least some of their Economic Stimulus Checks by opening a new savings account. Its new Silver Lining Savings account rewards savers with an annual percentage yield of 4.09% on the first $500. The variable-rate account has no monthly maintenance, minimum balance or withdrawal fees, and offers electronic funding and automatic deposit transfers from other accounts. "We believe it's essential for people to be educated about the necessity of having a savings account they can fall back on in these tough economic times," said Peter Kavalauskas, president/CEO … * MILWAUKEE--(5/30/08)--Empower CU and its board have announced a bonus dividend of roughly $150,000--the first dividend in the credit union's history. "Empower CU is successful because of our borrowers and savers, so we wanted to reward our member-owners," said Jennifer Schilling, president of the $133 million asset credit union. "With gas and food prices going up so dramatically over the past few months, we know these funds will assist our members, no matter what state of life they are in." … * CHANDLER, Ariz. (5/30/08)--For the second consecutive year, First CU and the Volunteer Income Tax Assistance (VITA) program partnered to provide low- to moderate-income individuals and families free tax preparation and filing assistance. The credit union volunteers helped return $157,368 to the pockets of area residents. "They were very grateful for the free help. Called us lifesavers," said Jane Hacker, a VITA volunteer and First CU branch manager. The $510 million asset credit union also offered a free opening deposit to those using the VITA program …


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