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CU System briefs (07/18/2008)
* WEST LAFAYETTE, Ind. (7/21/08)-- Purdue Employees FCU recently partnered with Purdue Athletes Life Success Program (PALS) to provide financial literacy content and activities during a four-day camp this year. “Economics has become the foundation of our entire culture, said Bill Harper, PALS director. “Kids typically are not exposed to the complications of handling money or differentiating between wants and needs. This is an opportunity to introduce kids to the reality of life in an informal setting.” Campers each received a $100 paycheck, which they had to deposit into the credit union. They used a checkbook to balance their accounts, and then moved to a computer-based program in which they had to make financial decisions based on a pre-set career and salary. They chose to purchase insurance, homes, vehicles and meals at different price levels, and had to pay off debts. (Left) PALS counselor Jill Freeland explains the importance of auto insurance to a child during the life skills game. (Photo provided by Purdue Employees FCU) ... * PORTSMOUTH, N.H. (7/21/08)--Northeast Credit Union (NECU) announced its sponsorship of the BizKid$ television series airing on New Hampshire Public Television. The show is underwritten by America’s Credit Unions, and aims to teach youth about money. Additional sponsorship is provided by the National Credit Union Foundation and the Washington Credit Union League. NECU has more than $550 million in assets ... *
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FARMINGVILLE, N.Y. (7/21/08)--Teachers FCU (TFCU), Farmingville, N.Y., sponsored the “Team TFCU Habitat Build” to support one of Habitat for Humanity of Suffolk’s home building projects. TFCU employees from its 17 branches raised $2,500 to defray the cost of building materials. Twenty volunteers from five TFCU locations volunteered to help build the home. The home will go to Denise Nicotri, a single mother with two sets of twins, Josh and Jonathan, 18, and Jared and Jordan, 13. TFCU has more than $2.2 billion in assets. (Photo provided by Teachers FCU) ... * BILOXI, Miss. (7/21/08)--Keesler FCU, Biloxi, Miss., earned a five-star superior rating from Bauer Financial Inc., Coral Gables, Fla., a credit union rating and research firm. The rating is based on the overall financial picture of the institution and indicates Keesler’s strength, the credit union said in a release. Keesler has $1.6 billion in assets ...


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