Central Macomb Offers Flood Relief Plan
CLINTON TOWNSHIP, Mich. - Central Macomb Community Credit Union has launched a flood relief plan for residents affected the recent flooding in the area.
Members with a consumer loan at CMCCU may be allowed to skip a payment, up to three months during a 12-month period. "Skipping monthly payments should provide some relief while planning for unexpected expenses associated with the flooding of a home or automobile," said Drema Isaac, President/CEO.
To be eligible for most aspects of the plan members will have to produce documentation showing hardship, such as an estimate of repairs from an auto shop , insurance appraisals or photos of the damage.
Among the other special offers:
- Auto rates are as low as 1.79% APR for 36 months. By moving an auto loan to CMCCU, the first payment won't be due for 90 days, allowing for funds to be used on repairs caused by the flood. (No flood documentation required.)
- Debt consolidation with a flood relief loan that can help lower a monthly payment. Members can also borrow up to $15,000 without collateral with our Flood Relief Loan for as low as 6.99% APR for 60 months. This may be a viable option to replace household items, carpeting or items not covered by flood insurance.
Texell Adds 'Villain' To Dollar Squad Kids' Club
TEMPLE, Texas - Texell Credit Union introduced a new character to its Dollar Squad Kids' Club, an original program for Texell's young members.
The new character, "Charger," is a villain, described by the CU as " the popular bad boy who will entice his friends to get into trouble. He's the king of peer pressure."
Why introduce a villain to a kids' club? "Instant gratification is a mindset taught to kids by our consumerism culture; therefore, financial education at an early age is vital," Texell CEO Tony Hale said in a statement. "The Dollar Squad Kids' Club and this new character, gives parents a platform to encourage good savings habits and proper money management for their children."
CU4Kids Urges Participation In Two Fundraisers
SALT LAKE CITY— Credit Unions for Kids is offering two great ways to support local Children's Miracle Network Hospital this fall: Miracle Jeans Day on Sept 10 and Shop for Miracles on Oct 16.
"The always popular Miracle Jeans Day campaign and the new, innovative Shop for Miracles fundraiser complement each other nicely! Miracle Jeans Day really gets our employees excited - they love wearing jeans for the kids and selling icons to engage members in their efforts," said Eileen Rivera, president and CEO at SkyOne FCU in southern California. "Having a community-facing campaign like Shop for Miracles on the heels of a fundraiser our employees enjoy so much is exciting. They are looking forward to telling members to simply use their credit or debit card on Oct. 16 - and a donation will be made to help our local CMN Hospital."
The tried and true Miracle Jeans Day campaign celebrates its fifth year anniversary on September 10 and will hopefully cross the $1 million mark. The Shop for Miracles campaign was beta-tested by 21 California-based credit unions in 2013 and raised $185,000, including $55,000 in Miracle Matches from CO-OP Financial Services.
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UNITED SA Federal Credit Union Announces New President & CEO
SAN ANTONIO - UNITED SA FCU has tapped Kyle Ashley to be $215 million CU's new president and CEO.
"UNITED SA is excited to have Kyle take on the role of President & CEO," said Bill Gregory, chairman of the CU. "He brings extensive executive and CEO experience in the credit union industry with him and he has achieved substantial financial success with other credit unions. We are confident that he will bring similar success to UNITED SA. Kyle is a dynamic, innovative and results-oriented leader who has a strong track record of performance."
Ashley most recently served as president and CEO of Allied Federal Credit Union in Arlington, Texas and previously was at the helm of Alliance FCU and Texas Plans FCU in Lubbock, Texas.
CUs Largely Unaffected By Earthquake
NAPA, Calif. - Credit unions in the heart of California's wine country were open for business just one day after a major earthquake hit this popular tourist spot northeast of San Francisco.
Sunday's 3:20 a.m. earthquake caused damage to several brick buildings in the downtown area here, as approximately 50 buildings were "red-tagged," according to published reports.
Tina Ramos-Ingold, spokeswoman for the California Credit Union League, told Credit Union Journal she had spoken with all but one credit union that had a presence in the affected area. "One credit union, Travis, told us it had minimal damage to one branch, but is open today [Monday]," she reported. "Some had power failures [Sunday] but were fine by [Monday]. More importantly, we are hearing employees and members all seem to be fine."
Patelco Credit Union, headquartered some 59 miles south in Pleasanton, Calif., has a community charter that covers the nine counties that make up the San Francisco Bay Area, including Napa County and Sonoma County (it also serves Sacramento). Of the $4.1 billion CU's 41 total branches, 32 are in the Bay Area.
Jose Jimenez, SVP, risk management for Patelco, told CU Journal its closest branches to the epicenter are in Fairfield and Novato, and were not impacted. "However, we have employees who live all over the Bay Area. Therefore our primary concern on Sunday was making sure that all of our employees were safe," he said.
Santa Rosa, Calif.-based Redwood Credit Union has branches in Napa and Sonoma - with the Napa branch located near the hard-hit downtown area - but both escaped significant damage.
