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CU System
CU System briefs (11/05/2008)
* WINNIPEG, Manitoba (11/6/08)--Credit unions in Manitoba are attracting Canadian investors looking for high interest rates and a safe haven for cash, according to the Winnipeg Free Press (Nov. 56). In September and October, deposits at Achieva Financial, the virtual arm of Cambrian CU, were double those of July and August. Much of the increase was from depositors outside the province. Achieva and the financial arms of Assinibone CU and Westoba CU had the top rates in Canada on Tuesday for five-year non-redeemable GICs--at 5%, said Cannex Financial Exchanges Ltd. Cannex tracks interest rates in Canada … * BELLINGHAM, Wash. (11/6/08)--Thieves caused about $33,000 in damages to an ATM owned by Washington Educational CU in Bellingham, Wash., Tuesday when they attached a cable to it and towed it away from the building with a stolen van. Damaged ATM parts were strewn along the sidewalk and parking lots in the area. A major portion of the machine was found two blocks away, along with the van. No money was believed to have been taken, said police (US Fed News Nov. 4) … * MADISON, Wis. (11/6/08)--The merger of $751.3 million asset Summit CU and $422.1 million asset Great Wisconsin CU has been completed. The two Madison-based credit unions are now called Summit CU. Members voted for the merger on Monday (Wisconsin State Journal Nov. 4) …


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