Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
School board considering Summit CU in-school branch
MADISON, Wis. (2/3/10)--The Madison, Wis., School Board is considering a proposal that would place a Summit CU branch in LaFollette High School to serve students and staff. The $1.36 billion-asset Summit would operate the branch with two teller lines staffed by student interns, and feature a check-writing area and a safe-equipped office for the branch manager, according to a front-page article in the Wisconsin State Journal (Feb. 1). Wisconsin has 86 school-based credit unions statewide--second in the U.S. behind Michigan with 341, according to the Wisconsin Credit Union League. Savings in Wisconsin youth credit unions total $1.6 million, the league added. The school board could vote Monday on whether to allow the credit union to proceed, the newspaper said. The proposal stipulates that $100,000 in construction costs would be paid by Summit; $100,000 would be financed with a no-interest, 10-year loan; and the high school would raise the remainder of the necessary funds--roughly $12,000, the paper said.
Other Resources

RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago