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CU System
CU System briefs (10/15/2009)
* TOPEKA, Kan. (10/16/09)--Two established credit unions in Topeka, Kan.--Credit Union 1 of Kansas and Credit Unions United (formerly Rubber Workers CU)--announced plans to consolidate operations. The merger is pending a Nov. 4 vote of the membership and approval by the Kansas Department of Credit Unions and the National Credit Union Administration. Both credit unions said they have strong capital and efficient operations. However, given the challenges of competing and growing in the current economic climate, the boards of directors said they believe that consolidating will make for a stronger organization, better-positioned for future growth and success. “This is a strong consolidation of two healthy credit unions,” said Vickie Hurt, president/CEO of Credit Union 1. “By joining forces as one organization, members of the ‘new’ credit union will be able to take advantage of the economies of scale that will promote efficiency, as well as favorable rates and fees” … * COLUMBUS, Ohio (10/16/09)--Political leaders from Mahoning Valley, Ohio, visited with representatives of several credit unions at the Mahoning Valley Chapter's annual Legislative Forum Golf Outing and Reception, according to the Ohio Credit Union League (eLumination Newsletter Oct. 14). Among the special guests were U.S. Rep. Tim Ryan (D-Niles), State Rep. Ronald Gerberry (D-Austintown), Trumbull County Commissioners Frank Fuda and Dan Polivka, Warren Municipal Court Judge Tom Gysegem, Austintown Trustee Lisa Oles, and Deputy Superintendent for Credit Unions for the Ohio Division of Financial Institutions Rose Bartolomucci. The event provided legislators with an opportunity to learn more about credit unions and discuss state and national legislation modernizing laws pertaining to credit union operations and their ability to offer greater services, said the league. From left are Paul Mercer, president of the league; Congressman Ryan; Mike Kurish of Associated School Employees CU, Youngstown; and Gary Soukenik of Seven Seventeen CU, Warren (Photo provided by the Ohio Credit Union League) … * BAKERSFIELD, Calif. (10/16/09)--Kern Schools FCU in Bakersfield, Calif., has selected Steve Renock to replace president/CEO Vince Rojas, who will retire in January. Renock will begin work at the credit union Monday (Bakersfield.com Oct 14). Renock previously worked as executive vice president of lending at SchoolsFirst FCU, president/CEO of CUNA Mortgage Corp., and senior vice president and national wholesale manager and controller of Shearson Lehman Mortgage Corp. Kern Schools FCU has $1.730 billion in assets ...


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