Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
N.H. CUs welcome state legislators
MANCHESTER, N.H. (3/11/14)--Last week, the New Hampshire Credit Union League (NHCUL) hosted its annual legislative reception with state legislative and regulatory delegates.
 
St. Mary's Bank CU President/CEO Ronald Covey, left, and Business Development Officer and Director of Community Outreach Thomas Champagne speak with State. Sen. David Boutin (R-Hooksett) during the New Hampshire legislative reception. (Daily CU Scan photo)
Thirty credit union representatives met with members of New Hampshire Senate, House Commerce and Consumer Affairs Committee, and the New Hampshire Banking Department (Daily CU Scan March 10).
 
Paul Gentile, NHCUL president/CEO, gave a status update on the state's credit unions, which experienced 10.39% loan growth and an increase in membership of 4.7%. He also noted that New Hampshire's credit unions have excellent credit quality with a delinquency rate of 0.5%.
 
State Sen. Lou D'Allesandro (D-Concord) praised the credit unions for playing a vital role in the economic viability of the state. D'Allesandro, who currently is board chair for $141 million-asset Members First CU of NH, told the group about his personal experience buying a home. The help he received from Manchester-based Telephone Workers' CU (now Bellwether Community CU) is an example of the personal touch that credit unions need to maintain, he said.
 
During the two-hour event, Senate President Chuck Morse (R-Salem) told the group that "New Hampshire's credit unions are great and important to the state of New Hampshire in helping the local economy grow."
 
He added, "Small businesses also need help, and credit unions play a significant role in assisting them."


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
7 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
10 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
12 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
12 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
13 hours ago