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CU System briefs (12/04/2007)
* WARRENVILLE, Ill. (12/5/07)--On Friday, Central CU Fund and Members United Corporate FCU officially merged. The National Credit Union Administration approved the merger in September. John R. Caulfield, president/CEO, St. Mary's CU, Marlborough, Mass., and Central Fund’s previous board chair, has been appointed to Members United’s board of directors. Members United Corporate FCU has $12.1 billion in assets ... * GERMANTOWN, Md. (12/5/07)--On Nov. 1, Mid-Atlantic FCU in Germantown helped sponsor the Community Services for Autistic Adults and Children (CSAAC) second annual honors gala, “A Change in the Weather … Change the Climate for Children and Adults with Autism.” The event, in Bethesda, hosted 325 guests and raised $100,000 for the CSAAC Foundation. CSAAC is part of Mid-Atlantic FCU’s Business Affiliate program, which allows companies in Montgomery County to offer membership in the credit union as a part of their benefits package. Mid-Atlantic has more than $200 million in assets … * SAN ANTONIO, Texas (12/5/07)--More than 500 people braved the cold to donate holiday turkeys for the needy during Security Service FCU’s Turkey Round-Up with the San Antonio Food Bank. (From left) SSFCU Volunteer Corps member Angie Enriquez accepts a turkey from Tom Romanello at one of the credit union’s north central service centers. The two-day drive generated twice as many turkeys as last year. Security Service FCU has $4.1 billion in assets. (Photo provided by Security Service FCU) … * NEWPORT NEWS, Va. (12/5/07)--1st Advantage FCU is offering its members alternatives to payday lending with financial counseling in response to the growing number of payday lenders in the area (Daily-Press Nov. 25). The credit union’s loans have lower interest rates than those of payday lenders at 17.95%, and the credit union requires members to put 5% of each loan into their savings account. 1st Advantage joins other area credit unions, such as Bayport CU, Newport News, and Langley FCU, who are offering their members affordable short-term loans. There has been an increase in the number of payday lenders, said George R. Dudley Jr., Bayport CEO, and credit unions needed to do something to help members … * BOULDER, Colo. (12/5/07)--Boulder Valley CU of Boulder, Colo., announced that it has partnered with Eco-Cycle to begin taking steps toward becoming a Zero Waste Company. The credit union also purchased energy-efficient lighting, office equipment, recycled paper and other office supplies. Solar panels and energy-efficient windows were installed in the credit union’s largest branch, and it recently launched to promote eco-friendly efforts. In March, the credit union began working with members to help them “go green” by offering discounts on loans for purchasing fuel-efficient vehicles and installing solar panels on their homes. Boulder Valley has $153 million in assets …


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