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CU System briefs (08/14/2012)
  • DUBLIN, Ohio (8/15/12)--Republican congressional candidate Brad Wenstrup was welcomed to Atomic CU in Piketon, Ohio, earlier this month by Atomic CEO Tom Griffiths and Chief Legal Officer Aaron Michael, said the Ohio Credit Union League (eLumination Newsletter Aug. 8)l. Wenstrup is runny for Ohio's 2nd Congressional District after defeating incumbent Rep. Jean Schmidt (R-Loveland) in the state's primary.  Accompanying Wenstrup was state Rep. Cliff Rosenberger (R-Clarkesville) and former U.S. Rep Bob McEwen (R-Ohio). Wenstrup toured the credit union, met with employees and discussed the need for economic growth and development, and the importance of small businesses. Griffiths told about Atomic CU's member business lending program and restrictions credit unions face and explained how lifting the restrictions could increase business lending and jobs in Ohio at no cost to the taxpayers. Ohio league General Counsel John Kozlowski said it is important to invite elected officials to credit unions to show how credit unions serve people, businesses and the local community that make up the politician's constituents.  "It's critical that credit unions develop these relationships and tell elected officials, day in and day out, how the credit union is making a difference for their constituents …
  • DUBLIN, Ohio (8/15/12)--Ohio Credit Union League General Counsel John Kozlowski attended a roundtable earlier this month organized by U.S. Sen. Sherrod Brown (D-Ohio) to discuss helping responsible homeowners refinance their mortgages at lower rates (eLumination Newsletter, Aug. 8). Fifteen representatives from community groups, financial services and mortgage providers, as well as state, federal and local public officials, were invited to join Brown and Secretary of the U.S. Department of Housing and Urban Development Shaun Donovan at the event. Discussion centered on legislation backed by the Obama administration. That included expanding the Home Affordable Refinance Program (HARP), which would provide refinancing opportunities for families who have been paying their mortgage on time; offering simple, low-cost refinancing for borrowers whose loans are not guaranteed by the government; and helping borrowers with underwater mortgages by paying closing costs for those who choose to rebuild equity in their homes more quickly through a shorter-term loan.  The league and the Credit Union National Association are reviewing the legislation and will continue working with Brown as the bills move through Congress, ensuring that credit union interests are protected, the league said …
  • BISMARCK, N.D. (8/15/12)--The Credit Union Association of the Dakotas (CUAD) has awarded 10 Dakotas' Credit Unions High School Financial Scholarships totaling $500 each to students in North Dakota and South Dakota. All recipients plan to use their scholarship to pursue degrees in higher education. The scholarship is designed for high school seniors who are credit union members. A five-judge panel selected the winners based on essays written by the students on two topics: "How, through your involvement in the community/school activities, events or volunteer efforts have you shown the cooperative spirit?" or "What can your credit union do to continue providing you with financial solutions for a lifetime?" Five of the winners were from North Dakota and are members of Capital CU, Community CU, Dakota Plains CU, Minot Area Schools FCU and North Star Community CU. The five South Dakota winners are members of Consolidated Hub-CO FCU, Dakotaland FCU (two recipients), M-O FCU and Palace City FCU … 


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