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CU System
CU System briefs (08/11/2010)
* ST. LOUIS (8/12/10)--More than 12 employees and board members of seven Missouri credit unions met with U.S. Rep. William Lacy Clay (D-Mo.) for an in-district meeting Aug. 6 (The Missouri difference Aug. 11). Clay expressed concern for minorities and lower-income residents who lack financial services options, and credit unions shared their community outreach efforts. Clay asked how the Dodd-Frank Wall Street Reform and Consumer Protection Act affects credit union operations. Attendees explained concerns with the debit-card interchange provision and implementation of a two-tiered fee system. They also explained credit unions' affordable services and free financial education, and the philosophical differences between credit unions and banks. Clay, right, shown with Tom Sullivan of St. Louis Community CU, said he would consider assisting with the Federal Reserve rulemaking process on interchange. Also discussed was member business lending and overdraft protection, said the Missouri Credit Union Association. (Photo provided by the Missouri Credit Union Association) ... * HARRISBURG, Pa. (8/12/10)--Lehigh Valley (Pa.) credit unions met Tuesday with Mike Horton, Democratic candidate for the Pennsylvania House of Representatives in the 131st District, in a meet-and-greet at Allentown-based People First FCU. A member of the credit union, Horton said his door would always be open to credit unions (Life is a Highway Aug. 11). He told the group he opposes increasing financial regulations, is impressed with the Credit Union Better Choice (payday lending alternative) program and supports lifting the member business lending cap. Attending were representatives of People First FCU, First Commonwealth FCU and Lehigh Valley FCU, and Christine Seitz, director of political affairs and fundraising at the Pennsylvania Credit Union Association. A similar meeting was held last month with Republican candidate Justin Simmons ... * GREENSBORO, N.C. (8/12/10)--The North Carolina Credit Union League was among the listed sponsors for North Carolina's State Night during the annual Southern Legislative Conference in Charleston, S.C. The meeting attracted legislators from throughout the South for leadership training. Pictured are, from left, Lauren Whaley, league director of legislative and regulative affairs, and Amy Fullbright of Hunton & Williams, who lobbies on behalf of the league. "A less formal setting away from the legislature allows our lawmakers to have more casual conversations with their business constituents," Whaley said in the league's newsletter (Weekly Update Aug. 6). (Photo provided by the North Carolina Credit Union League) ... * MAPLE GROVE, Minn. (8/12/10)--TopLine FCU 's financial experts were invited to lead personal money management sessions at the 2010 Minnesota State Colleges and Universities (MNSCU) Leadership Forum, held in June at North Hennepin Community College, Brooklyn Park, Minn. One-hundred attendees represented MNSCU student leaders graduating with two-year degrees. TopLine's session, "The Real World of Personal Money Management," included how to use credit wisely; what a credit score means;how to build and maintain a good score; where to obtain a copy of a credit report and how to read it; budgeting tips; and strategies to reduce debt and prevent identity theft. They also learned how their actions today can impact future financial options ...


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