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CU System briefs (08/08/2008)
* WEST COVINA, Calif. (8/11/08)--Three armed men in ski masks and mittens robbed a branch of First City CU Los Angeles Thursday after wrestling with a security guard for his gun, according to news reports (Daily Bulletin.com and Pasadena Star-News Aug. 7). No one was injured. The take-over heist occurred at 9:30 a.m. while at least 10 people were in the credit union. The three men ordered everyone to the ground and told a staffer to open the vault. When she explained she couldn't open it, the men emptied the cash registers and fled in a gold car. The branch is located in a busy shopping center next to Wescom CU … * FARMERS BRANCH, Texas (8/11/08)--Two Texas credit union chapters--the Fort Worth Chapter and Big Spring Chapter--were named the 2007 Chapters of the Year by the Texas Credit Union League, the league announced Friday (LoneStar Leaguer Aug. 8). Three additional chapters--Texoma, Dallas and Austin--were also recognized as Star Award performers. Chapters are judged in seven categories: education, credit union fundraising, public relations, chapter involvement, community activism, participation in the credit union system and political advocacy … * NEW YORK (8/11/08)--Two community development credit unions are semifinalists in the 2008 Wachovia NEXT Awards for Opportunity Finance, which recognize excellence among community development financial institutions that responsibly serve low-income and low-wealth people and communities. ASI FCU, Harahan, La., and Lower East Side Peoples' FCU, New York, N.Y., are among the 10 semifinalists. They are not in direct competition with each other because they are in different categories, based on their lending activities. ASI FCU is competing in the more than $50 million in lending capital category while LESPFCU is in the $10 million-$50 million in lending capital. The announcement was made by the National Federation of Community Development Credit Unions … * LAHAINA, Hawaii (8/11/08)--Lahaina FCU members will vote on whether to merge the $6.6 million asset credit union with the $77 million asset, Kahului-based Valley Isle Community FCU. The final tally will be announced at a special membership meeting on Aug. 16, said Lahaina FCU (The Lahaina News Aug. 7). Its board already has voted in favor of the merger, and the credit union has obtained permission to proceed with the merger process from the National Credit Union Administration. Through the merger, Lahaina's members will receive higher dividend rates on savings, access to more than 30 shared branches and a network of 500 surcharge-free ATMs as well as more products and services, the two credit unions said … * DENVER (8/11/08)--The Credit Union Foundation of Colorado and Wyoming has awarded a $5,000 Brayman-Beach scholarship to Ericca McCutchen, a member of Bellco CU based in Greenwood Village. McCutchen is shown, at left, with Susan J. Brayman. The award, named for Brayman and Carroll D. Beach, is awarded to undergraduate credit union members pursuing a business degree. McCutchen will enter her sophomore year at Denver University as an International Business major with a Public Policy and Leadership minor. She plans to go to law school. (Photo provided by the Credit Union Foundation of Colorado and Wyoming) …


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The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
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.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
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Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
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