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CU System briefs (08/12/2008)
* COLUMBIA, Md. (8/13/08)--Members of the Maryland and District of Columbia Credit Union Association (MDDCCUA) are voting on a proposed bylaw change and dues reallocation plan, according to MDDCCUA (Focus Newsletter Aug. 11). Votes are due by Sept. 5 at midnight … * SAN DIMAS, Calif.(8/13/08)--Operation Best Wishes, an annual holiday program sponsored on behalf of America's credit unions through a partnership of the Defense Credit Union Council, Overland Studies, and Western Corporate FCU (WesCorp), received an Award of Distinction during the 14th Annual Communicator Awards. The international group honors creative excellence for communications professionals. More than 5,000 entries were judged. Operation Best Wishes is a national campaign that visits military-affiliated credit unions having heavy deployment among their membership. It sets up a mobile webcast studio where spouses and families can send holiday greetings free to their loved ones from Halloween through New Year's … * MADISON, Wis. (8/13/08)--A member praised Madison-based Summit CU on livejournal.com after he saved roughly $1,440 in interest by switching to the credit union's credit card. The Summit card charges 10% interest. That compares with 26%--estimated at $2,340 a year in interest--charged on his former card. He also noted that credit unions are cooperatives that don't pay huge CEO salaries, employee incentive bonuses or dividends to investors." The member said all his finances are now handled through the credit union. "Frankly, I was an idiot for not looking into this sooner," he said … * PONTIAC, Mich. (8/13/08)--T&C FCU members were voting Tuesday on whether the Pontiac, Mich.-based credit union would merge with $588.7 million asset USA CU, based in Auburn Hills, Mich. T&C announced its plan to merge in May. The merger, if passed by a majority, would create a new financial institution, named Genisys and have $1.2 billion in assets and 130,000 members. The pending merger was endorsed by the credit union's board and by the leadership of United Auto Workers Local 594, which maintains close ties to the credit union (The Oakland Press Aug. 10) … * LAKE JACKSON, Texas (8/13/08)--Texas Dow Employees CU has launched a new financial management program called Young & Free for 19- to 25-year olds to help them manage their money effectively. The $1.222 billion asset credit union based in Lake Jackson is taking entries online for a prospective spokesperson position for this age group. Young adults can submit and view entries, and vote for their favorites online at www.youngfreetexas.com. The winner will serve as the voice for Young & Free members by attending events and keeping the site fresh with blogs, vlogs and polls that educate, entertain and engage Generation Y. The program uses nontraditional media including Facebook, Flickr, Twitter and YouTube …


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