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CU System briefs (07/02/2008)
* MADISON, Wis. (7/3/08)--Credit union board members and staff can attend two free CUNA Mutual Group Credit Union Protection webinars to help mitigate fiduciary risks and better understand director responsibilities. Director Responsibilities--What Every Director Should Know will be held July 9 at 2 p.m. and 7 p.m. ET. Fiduciary Risk--A Sleeping Giant Ready to Awake? Will be held July 9 and July 23 at 11 a.m. and 3 p.m. Credit unions should register by July 7. Sign-in is required. Two days prior to the sessions, attendees will receive an e-mail with the webinar link ... * HARRISBURG, Pa. (7/3/08)--The merger between Clarion University FCU (CUFCU) and Pennsylvania State Employees CU (PSECU) was completed Tuesday. “The merger presents opportunities for members of CUFCU to enjoy many enhanced products and services offered by PSECU,” said PSECU President Greg Smith (Life is a Highway July 1) ... * ALEXANDRIA, Va. (7/3/08)--CommonWealth One FCU has merged with City of Alexandria Employees CU. The merger was approved in April. City of Alexandria served more than 7,000 members and had more than $30 million in assets. “With our combined capital and human resources we will be able to continue to make improvements to our product and service offering for our combined 40,000 members,” said John Blair Jr., president/CEO of Commonwealth One ... * RALEIGH, N.C. (7/3/08)--State Employees’ CU (SECU) will help the North Carolina State Education Assistance Authority (NCSEAA) refinance and provide funding for loans made by College Foundation Inc. (CFI) to students and parents this year. “Helping students get an education is one of the most important investments we can make to boost their future income and continue to grow our state’s economy,” said Shirley Bell, SECU board of directors chairman. SECU members who have applied for federal and state aid will receive a reduction in the interest rate on North Carolina’s EXTRA Education loan, a supplemental loan to pay educational expenses. SECU has $15 billion in assets ... *
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RICHMOND, Va. (7/3/08)--Virginia CU sponsored the second annual Bike MS: Virginia CU Ride Virginia May 31 and June 1. Riders from the credit union raised $4,671.58 toward fighting multiple sclerosis, resulting in more than $9,343 donated to the cause. From left are: Sue Church, Bill Church, Chris Woodbury, Giles Ring, and Tom Allen. Sue Church, Woodbury, Ring and Allen are staff members at Virginia CU. (Photo provided by Virginia CU) ...


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