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CU System
CU System briefs (10/07/2008)
* SANTA ANA, Calif. (10/8/08)--SchoolsFirst FCU, Santa Ana, Calif., donated 1,048 shirts to poor villages in Kenya and South Africa. The credit union is trying to get other credit unions worldwide to collaborate on the donation project. “We have an opportunity to help many people who are living on less than $1 per day,” said Shelly Berryman, SchoolsFirst director of member advocacy. With the World Council of Credit Unions’ help, SchoolsFirst donated the shirts to the African Congress, who will disperse them to African credit union representatives in November. The representatives will hand the shirts out to needy members. “I wanted to find a way to put our old shirts with our old name to good use, and I thought there were a lot of people in Africa who could use them,” said Jenna Elliott, SchoolsFirst division assistant for technology operations. SchoolsFirst, formerly Orange County Teachers FCU, has $8 billion in assets ... * HOUSTON (10/8/08)--Carolyn Taylor, partner at Hughes Watters Askanase, will give the opening speech at the Missouri Credit Union Association Lending Summit Oct. 22 in St. Louis. She will address loss mitigation options and pitfalls for credit unions and other mortgage lenders caught in the credit crunch. “With the industry in a state of turmoil, we hope to shift the focus of servicers, the judiciary, consumer advocates and governmental and regulatory authorities toward frank dialogue and the development of systemic and uniform approaches and solutions for these issues,” Taylor said. The lending summit is a two-day course designed for credit union presidents and CEOs, loan managers, credit committee members and other staff ... * PORTSMOUTH, N.H. (10/8/08)--Northeast CU, Portsmouth, N.H., introduced Energy Smart loans, a low fixed-rate loan product to help people afford energy-efficient home improvement products and services. “We believe in the importance of helping people obtain the energy-saving products and services they need, in order to minimize utility costs during these very challenging times of increased fuel and energy prices,” said Peter Kavalauskas, president/CEO, Northeast CU. Northeast has more than $550 million in assets ... * MANITOWOC, Wis. (10/8/08)--Thaddeus “Ted” Sekora, 87, died Sunday in Manitowoc, Wis. He served on the City Employees CU board of directors for 30 years (Herald Times Reporter Oct. 6). City Employees CU is now RiverWood-Maritime CU in Two Rivers, Wis. Riverwood has $28 million in assets ...


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