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News Now

CU System
CU System briefs (08/21/2008)
* HARRISBURG, Pa. (8/22/08)--Rep. Paul Kanjorski (D-Pa.) visited three Scranton, Pa., credit unions Tuesday with Pennsylvania Credit Union Association President/CEO Jim McCormack and Governmental Affairs Specialist Christine Seitz (Life is a Highway Aug. 22). Kanjorski met with Jeff DeBree, Penn East FCU; Jim Kanaley, Tobyhanna Army Depot FCU; and Larry Bordi, NET FCU. He also met with employees, board directors and credit union members ... * GREENSBORO, N.C. (8/22/08)--State Rep. Ray Rapp (D), Sen. Joe Sam Queen (D), and John Mitchell, U.S. Sen. Richard Burr’s field representative, attended Champion CU’s annual member appreciation day in Canton, N.C. Mickey Fanney, the North Carolina Credit Union League grassroots/political action specialist, also traveled to Canton to visit with credit union staffers, members and dignitaries (Weekly Update Aug. 15). Sen. Joe Sam Queen (left) encourages members to register to vote at the event. (Photo provided by the North Carolina Credit Union League) ... * PORTSMOUTH, N.H. (8/22/08)--Service CU, Portsmouth, N.H., received the 2007 Army Credit Union of the Year Award at the Defense Credit Union Counsils’ meeting in Chicago. The credit union offers products and services geared toward military personnel. It also donated $130,000 for military events and programs (SeacoastOnline.com Aug. 20). The credit union was recommended for the award by U.S. Army Garrison Mannheim Commander Jeffery Fletcher. Service CU has $1.194 billion in assets ... * RANCHO CUCAMONGA, Calif. (8/22/08)--Wescom CU, Pasadena, Calif., and CO-OP Financial Services were among the top three donors of a radio-a-thon that raised more than $762,000 for Children’s Hospital in Los Angeles and Children’s Miracle Network. Wescom and CO-OP presented a check for $22,000 during the live broadcast. More than 400 Wescom CU employees donated $5 to wear jeans on Fridays during July. They raised $6,500, which was matched by WeCare, the credit union’s employee-run charitable foundation. CO-OP contributed an additional $10,000 to bring the total to $22,000. From left: Chris Riccitelli, CO-OP Financial Services National Relationship Manager, and Jane Wood, Wescom CU chief operating officer, presented the check to Louise Skosey, assistant director, Children’s Miracle Network. (Photo provided by Wescom CU) ... * HONOLULU (8/22/08)--The U.S. Small Business Administration (SBA) in Hawaii signed off on 145 loans during 10 months ending July 31 (Pacific Business News Aug. 15). Thirty-eight loans were approved through the 504 loan program for fixed-asset projects of $4 million, while 377 were given through the SBA 7(a) program, which caps commercial loans at $2 million. The SBA also added Hawaii Community FCU, Kailuakona, and Honolulu FCU as preferred loan providers ...


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