Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (11/06/2009)
* LANSING and PLYMOUTH, Mich. (11/9/09)--Two Michigan credit unions--Detroit Edison CU based in Plymouth and NuUnion CU based in Lansing--announced Thursday their intent to merge, pending approval from state and national regulators and from NuUnion's members. The credit unions said both are strong and stable. A merger would provide members with improved convenience and best-in-class products and services and provide the credit unions with increased operational efficiencies and greater financial strength and resources. The proposed combined credit union would be named Lake Trust CU, which represents the organization's combined memberships stretching from Lake Michigan to Lake Huron and Lake Erie. Both nine-member boards of directors would combine to form an 18-member board. NuUnion CEO Stephan L. Winninger would be CEO of the new credit union and Detroit Edison Credit Union CEO William J. Thiess would be president. Detroit Edison has $681 million assets and NuUnion has $839 million assets. In 2007, Detroit Edison purchased and assumed the ailing Huron River Area CU, now operating as Huron River Financial, a division of Detroit Edison CU … * DULUTH, Ga. (11/9/09)--Mid-September's disastrous flooding left several Georgia families without the basic necessities. Many
Click to view larger image Click for larger view
families throughout the state lost their homes and were still in need of shelter, food and clothing when Oct. 15--International Credit Union Day--rolled around, according to Georgia Credit Union Affiliates (GCUA). Staff at GCUA organized an ICU Day food drive to help demonstrate the People Helping People philosophy. The items were donated to The Center for Family Resource in Cobb County, Ga., one of the areas hit hardest in metro Atlanta. "It was an ideal way to celebrate credit unions through the spirit of giving," said Anita Paul, director of communications. From left are GCUA staff Maryanne Schlegelmilch, Marie Bedgood, Vonda White and Kodisha Taylor. (Photo provided by Georgia Credit Union Affiliates) … * GREENSBORO, N.C. (11/9/09)--Bob Donley, executive vice president of Winston-Salem, N. C.-based Members CU, has been appointed to the North Carolina Credit Union Commission by Gov. Beverly Perdue, according to the North Carolina Credit Union League (Weekly Update Nov. 6). Donley will serve on the seven-person commission for a four-year term. "The commission is charged with monitoring the health of credit unions in North Carolina," said Donley. "There are three members who represent credit unions--who have been employed as a manager or director in a state-chartered credit union--and four members who represent the borrowing public and are not employed by any financial institution," he said. Donley took oath Oct. 15. His term ends July 15, 2013 …


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
22 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now:
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants
1 day ago