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CU System
CU System briefs (12/02/2008)
* FAIRBORN, Ohio (12/3/08)--Wright-Patt CU is paying out a special patronage dividend totaling more than $3 million to its membership, its board announced Monday. The dividend will be paid on Jan. 15 and will be distributed to more than 160,000 members. "In a year when earnings are stronger than needed to pay for operations and maintain healthy reserves, the board of directors feels that money should be paid back to the members," said Doug Fecher, president/CEO. The dividends will range from at least $5 to several hundred dollars … * MERIDEN, Conn. (12/3/08)--Members CU and the Stamford, Conn., chapter of credit unions provided a dose of reality to about 90 students at Greenwich High School Nov. 19 with their "Making Ends Meet," a REAL Solutions Financial Reality Fair. The one-day financial decision-making simulation teaches basic personal finance management skills such as having a job, meeting living expenses, and trying for luxury items. Members CU CEO Kathy Chartier asked the students if they knew the difference between a bank and a credit union. After a moment's hesitation, one student responded, "Well, it's more for the people. You know, like 'power to the people!'" Here, financial counseling station advisers review students' life station choices and expenses, and offer possible reconsiderations. (Photo provided by the Credit Union League of Connecticut) … * MADISON, Wis. (12/3/08)--Chuck Hamilton has joined CUNA Mutual Group as senior vice president of business finance, announced the company Tuesday. Hamilton will provide leadership to the company's business finance teams, which include product, sales, customer operations and asset management. He has served in several strategic business finance and oversight roles in insurance and financial services companies for most of his 29-year career, including several years as chief financial officer for North American operations for Willis, an insurance broker …


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