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CU System
CU System briefs (08/05/2009)
* DALLAS (8/6/09)--Southwest Corporate FCU is lowering the registration costs for credit unions attending this year's 32nd annual Economic Forum Oct. 27-28 in Dallas. "We understand this is a challenging year for many credit unions, so Southwest Corporate is reducing the Economic Forum registration fee to make it easier for credit unions to attend," said Kathy Garner, the corporate's executive vice president of member services and business development. The early bird registration fee is $375, down from $425 charged for last year's event. Click the link for more information … * SACRAMENTO, Calif. (8/6/09)--The Golden 1 CU announced Monday it will offer Federal Housing Administration (FHA) loans for the first time (The Sacramento Bee Aug. 4). The loans, often used by first-time homebuyers, require a 3.5% down payment. During May, FHA loans financed 40.9% of all home purchases in Sacramento County, according to research firm MDA DataQuick. The Golden 1 CU, based in Sacramento, has more than $6.9 billion assets … * HARAHAN, La. (8/6/09)--Louisiana credit unions broke their record by raising more than $111,900 for the Credit Union Legislation Action Committee (CULAC) to date, with more than $25,900 raised during the Louisiana Credit Union League's 75th Annual Meeting and Convention July 30-Aug. 1 in New Orleans. Nine credit union chapters competed to raise the funds. The Alexandria Credit Union Chapter received the "CULAC Challenge Champion award for raising 735% of its goal. West Orleans Chapter raised the most money--$21,900. Susan Leake, president/CEO of La Capitol FCU, Baton Rouge, was the highest individual contributor. Eight of the league's nine chapters, plus league staff, surpassed their 2009 CULAC goal, said the league …


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