Eckhardt Resigns From CUNA Mutual Bod
MADISON, Wis.-William B. Eckhardt, a member of the CUNA Mutual board of directors since 2005, has resigned his board position in anticipation of having competing business obligations at Alaska USA FCU, where Eckhardt is CEO.
NM CUs In Remittance Agreement With Mellon
ALBUQUERQUE, N.M.-The Credit Union Association of New Mexico said it has reached an agreement with BNY Mellon to offer access to the company's Remit Worldwide global remittance solution to credit unions in New Mexico and nationwide on a white-label basis.
Random Acts of CU Kindness In Alabama
BIRMINGHAM, Ala.-Legacy Community FCU has been buying lunches, covering haircut costs and pumping gas for $1.99 a gallon. The last chore was the job of CEO Joe McGee, who also was washing windshields at a Birmingham gas station where the CU recently subsidized the low-cost fuel for two hours. "We sold 2,700 gallons in two hours and created quite a stir," said McGee, who shared that the stunt cost about $2,000.
PSECU Launches Financial Know-How Site
HARRISBURG, Penn.-PSECU has launched a new page at its website aimed at helping consumers make sound financial decisions. Visitors to www.psecu.com/learnmore will find money management tips and tools, articles, calculators and product summaries to help make them more financially savvy.
Buckeyes vie For $5K In Video Contest
HILLIARD Ohio-Credit Union of Ohio is offering a $5,000 scholarship to an Ohio State University student who submits the most likeable short video presentation answering the question: "How could you save $20 a day for 10 days?"
Venture Firm Rallies With Cardtronics
HOUSTON-TA Associates, the venture capital firm that financed Cardtronics, benefitted from the rally in financial services stocks with the sale of 7 million shares in the ATM operator for $84 million.
League Seeks To LEVERAGE New Name
TALLAHASSEE, Fla.-The League of Southeastern Credit Unions (LSCU) has introduced a new name for its service corporation-LEVERAGE. The new company was born out of the consolidation of the Alabama and Florida CU Leagues' service corporations.
Employee Charged In $101K Embezzlement
FREMONT, Ohio-A former employee of Fremont FCU pleaded innocent to stealing $101,000 from the CU. Michelle Wehring, 36, worked for the CU at an undisclosed position for nine years until she was fired in 2008 when the alleged theft was discovered.
Texans CU Appeals $21M Bankruptcy Bid
DALLAS-Texans CU has appealed a $21 million bankruptcy court estimation of claims for its Texans Insurance Group CUSO to the U.S. District Court, one of a number of ongoing battles the Texas credit union giant is fighting in the courts.
Another Newspaper CU Faces Final Edition
FORT WORTH, Texas-Fort Worth Telegram Employees FCU has applied to state regulators to merge into nearby EECU, at least the fourth newspaper credit union calling it quits in recent months.
Alternative To Corporates Touted
GLEN ROCK, N.J.-With the future of corporate credit unions still very much in flux, a number of providers are stressing they offer alternative solutions for share draft processing. Among them is Financial Services, Inc., here, which also provides core processing systems, Internet banking and other services.
Desert Schools Scores $217K For CMN
PHOENIX-Desert Schools FCU raised $217,000 to benefit Phoenix Children's Hospital and the Children's Miracle Network during the credit union's 12th-annual CMN Golf Tournament at Blackstone Country Club at Vistancia.
Campaign Leverages Mistrust In Banks
TUSCALOOSA, Ala.-Seeking to leverage some of the negative publicity surrounding banks, Alabama Credit Union has rolled out a new ad campaign themed, "You Are Alabama. We Are Your Credit Union." CEO Steve Swofford said the strategy "is to get the message out that Alabamians don't have to stay with banks because they have an excellent alternative."
FHLB Funds Used for Down Payment Aid
WOODLAND, Calif.-Yolo Federal Credit Union has received $350,000 from the Federal Home Loan Bank's Workforce Initiative Subsidy for Homeownership Program (WISH) to provide down payment assistance for homebuyers.
Emergency Assistance Offered In Northeast
ALEXANDRIA, Va.-As Northeast CUs assess damage to their own operations and to the lives of their own members from the heavy rains, NCUA has activated its emergency assistance program. Affected are credit unions in Delaware, New Hampshire, Massachusetts and Rhode Island.
