On Deadline

Register now

CUNA Mutual Makes Last Offer

MADISON, Wis.-CUNA Mutual Group has made its "last, best offer" to its 1,400 employees who are members of the Office and Professional Employees International Union Local 39 following the expiration of the company's contract with the union, according to CUNA Mutual's Sydney Lindner. OPEIU will be holding a meeting to vote on the final proposal April 14, but members unable to attend that meeting will be able to vote as early as Thursday, with voting also being made available all day April 15, according to OPEIU's John Peterson. The union will tally the votes and report the outcome to its members late April 15. "Our whole team is recommending members not approve this proposal," Peterson said. Union members have been encouraged to show their solidarity by wearing black clothing to work on certain days, he added, noting that workers have a variety of ways to protest the situation without actually going on strike.

FSCC Continues To Expand

SAN DIMAS, Calif.-Financial Service Centers Cooperative, Inc., (FSCC) an international credit union shared service center network , said it has opened more than 70 new outlets in the state of Washington during the past 12 months, bringing the total to 103. FSCC officials said that at least another 25 new outlets will open in Washington during 2004. "The growth in Washington is a result of our commitment to grow shared branching in the west," said FSCC CEO Sarah Canepa Bang. FSCC has added 83 new outlets in eight western states, with 68 more scheduled in those states plus Colorado and Utah in the coming months.

Money Problems At Counselor

SALT LAKE CITY-The Utah Division of Consumer Protection has seized the local office of the Consumer Credit Counseling Service, claiming that more than $60,000 is missing from a trust account the agency set up to pay bills for clients trying to get out of debt. Investigators are also looking into whether the Utah CCCS failed to have a real board of directors. Its executive director has been ordered to return his cell phone, credit cards and a 2000 BMW.

Baxter Adds 40-Year Mortgage

VERNON HILLS, Ill.-Baxter Credit Union has become the 16th credit union in the country to offer members a 40-year, fixed-rate mortgage, and has closed its first such loan. The credit union said it is making the move to "make the American dream of homeownership more attainable for first-time homebuyers."

The Credit Union Journal's On Deadline coverage is sponsored by Liberty. For info: www.libertysite.com.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER