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CU System
CU System briefs (08/10/2011)
* ST. LOUIS (8/11/11)--U.S. Rep Russ Carnahan (D-Mo.) reiterated his
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support of credit unions’ member business lending bill at a meeting with St. Louis area credit unions, according the Missouri Credit Union Association (MCUA) (The Missouri Difference Aug. 9). Carnahan, who is a co-sponsor of H.R. 1418--Small Business Lending Enhancement Act, met with credit union leaders on Friday in his St. Louis County district office. Pictured, from left, are: Micki Milonas, West Community CU, O’Fallon; Mike Beall, MCUA president/CEO; Jennifer Wright, Arsenal CU, Arnold; Brian Eyestone, Southpointe CU, St. Louis; Carnahan; Stan Moeckli, Electro Savings CU, St. Louis; Laura Alfeldt, First Community CU, Chesterfield; Dave Osborn, Anheuser-Busch Employees CU, St. Louis; Amy McLard, MCUA; and Steve Poniewaz, First Missouri CU, St. Louis. (Photo provided by the Missouri Credit Union Association) … * ST. LOUIS (8/11/11)--Membership of North Jefferson County Catholic CU, with $1 million assets, Arnold, Mo., voted to approve a merger with Southpointe CU, St. Louis, according the Missouri Credit Union Association (The Missouri Difference Aug. 9). The vote was 99 to 9 to approve the merger. The merger will be effective Sept. 30, pending Missouri Division of Credit Union approval. Southpointe has also agreed to provide financial education to the church and school. One board member from North Jefferson County Catholic CU will be added to the Southpointe board. The existing office for North Jefferson County Catholic CU will be closed, but Southpointe participates in shared branching so there are convenient alternatives, said MCUA. This is the third U.S. merger within three months of a credit union servicing Catholic parishes. Catholic CU and Yakima Valley CU, both of Yakima, Wash., received approval of their merger application from the Washington Department of Financial Institutions and the National Credit Union Administration in July. St. John’s of Little Canada (Minn.) CU, acquired Minnesota Catholic CU, Spring Lake, Minn., on July 1 …


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