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CU System briefs (10/30/2009)
* OREM, Utah (11/2/09)--Faith prompted a man to surrender and admit his role as a getaway driver in the Dec. 23rd robbery of Alpine CU, said Orem, Utah, police (The Salt Lake Tribune Oct. 29). The Pleasant Grove man, whose name was not disclosed, approached the police after confessing the crime to his Church of Jesus Christ of Latter-day Saints bishop. His accomplice was arrested, but prosecutors had not decided yet what charges the getaway driver would face. Alpine CU has $138.1 million in assets and is based in Orem … * MADISON, Wis. (11/2/09)--A Madison, Wis., man was sentenced to 11 years in prison for robbing a Verona, Wis., bank in May. Reginald J. Ballard, 38, pleaded guilty in August to robbing Capitol Bank--the third financial institution he said he had intended to rob that day, he told police. He lost his nerve outside two other institutions, including Heartland CU. Heartland reported his suspicious activity to police, which were nearby by the time Ballard left the bank he'd just robbed. A suspect believed to be a getaway driver, Thurman M. Wyatt, 29, Madison, was charged with illegal gun possession and is awaiting trial (The Capital Times and Wisconsin State Journal Oct. 29) … * SOMERVILLE, Mass. (11/2/09)--Cambridge Portuguese CU (CPCU CU) was voted 2009 'Best Bank' by readers of The Somerville News for the second consecutive year, according to the $85 million asset credit union. In the past year, CPCU increased its community involvement by partnering with local community non-profit organizations, entering the business lending arena with business products and services, and reaching out to new membership. "It was great news last year when we won the Best Bank award, but to win two years in a row shows that CPCU is making a difference in the community. We pride ourselves on the service we provide to everyone who walks through our doors," said Rui Domingos, CPCU CU CEO … * WHITE RIVER JUNCTION, Vt. (11/2/09)--Vermont VAF Employees FCU, which was chartered in 1939 as the first Vermont credit union, has changed its name to Vermont VA FCU. The name change was made to more accurately reflect the credit union’s membership, its board said. Vermont VA FCU’s new logo reflects the values that form the basis of its commitment to its membership of war veterans, the credit union said (Newlines Express Oct. 30) ... * ONTARIO, Calif. (11/2/09)--The California and Nevada Credit Union Leagues recently launched their “Help You Thrive” website--a free WebMD-styled database for consumers to find resources for their financial needs. The site, http://helpyouthrive.ccul.org, provides basic information and guidance on topics, ranging from managing debt and protecting personal data to buying a home and payday lending. Information also can be found on lending products--such as mortgages--as well as how to avoid scams, and how to teach young people about finances. Also, the site features calculators and worksheets. Although the site was started and is being managed by credit unions, it is not limited to use by or for credit unions, said the leagues … * PARCHMENT, Mich. (11/2/09)--First Community FCU, Parchment, Mich., recently
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hosted a First Community Fall Harvest Festival where youth received treats and a chance to learn about money. The festival incorporated an “EARN-SAVE-SPEND” component where each youth received a treat bag with cash bucks that could be spent at the event any way they wished as long as it was within a budget. Youth received a budget worksheet, a Rockin Cash coloring page that teaches the difference between coins and dollars, and a “How Can I Earn Money?” page listing ways they could earn money at home and in the community. The event also had two games, “Watch Your Money Grow,” and “Rock The Facts...Beat the Fiction.” The credit union plans to host another festival next year. First Community has $404 million in assets. (Photo provided by First Community FCU) ... * FAIRBORN, Ohio (11/2/09)--Wright-Patt CU has announced five families who will compete in its second annual Savings Race. Ten semi-finalists were selected by the credit union through an application and interview process in September. The five finalists were selected from that group in an online vote. During the race, the families will be challenged with finding innovative ways to increase their savings and reduce debt. They will be given specific savings and debt-reduction goals to achieve by the end of the race with the help of Wright-Patt coaches. Their success in meeting or exceeding the goals, along with the results of public online voting, will determine the winner--who will receive $10,000. The race concludes in May. Last year’s challenge resulted in five families collectively increasing their net worth by $145,000, the credit union said ...


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