Missouri Judge Rejects CU Motion In FOM Case
ST. LOUIS-Missouri Cole County Circuit Court Judge Richard Callahan last week turned down a motion by credit unions to dismiss an appeal by Missouri bankers on the field-of-membership (FOM) expansion case. At issue is a lawsuit by the banks in which they argue the Missouri Credit Union Commission overstepped its statutory authority when it created the FOM expansion regulations. The judge has asked for information about credit unions and banks. The Missouri Credit Union Association said credit union attorneys are requesting input on the link between credit union history and the 1998 field-of-membership law. The MCUA has asked the state's credit unions to send in details about their credit union's FOM, expansion and development through the years, the number of members and growth from mergers (not assets), and specific anecdotal information, such as how the credit union has affected its members and community.
More Than $250K Is Raised For Kids Camp
NEW YORK-CUNA and a dozen other sponsors helped raise $250,000 to benefit the Camp Sunshine for sick kids during Monday night's 'Rock the Apple..Georgia Style' event at the Republican National Convention. Representatives from CUNA and NAFCU danced to country singer Martina McBride at the famous Roseland Ballroom. Camp Sunshine is located in Decatur, Ga., and benefits children with life threatening diseases. Joining CUNA as sponsors were: The Securities Industry Association, The Southern Company, AFLAC Insurance, UPS, Time Warner, Wal-Mart, and several others.
New Mexico CUL Changes Name
ALBUQUERQUE, N.M.-The New Mexico Credit Union League has changed its name to the Credit Union Association of New Mexico. The association said the change, approved at its annual meeting, was made in order to make its primary purpose more obvious to legislators and to members of the public.
Crim Donates Scholarship
LAKE JACKSON, Texas-Kathy Crim, director of member education for Texas Dow ECU, has donated a scholarship she won from the National Youth Involvement Board to the National Federation of Community Development CUs. Crim was recognized with the scholarship for giving more than 700 financial literacy presentations reaching in excess of 26,000 students. About half of those lessons presented covered the NEFE financial planning program. It is the second year that Crim has won the scholarship, which provides a free 2005 NYIB conference registration.
$500 To Members In Car Sale
LAS VEGAS-Any member of Community One Credit Union here who selects a vehicle from Enterprise Car Sales and finances it through the credit union this month will have $500 deposited to his or her share account. Shoppers who identify themselves as Community One members also receive a discount on the vehicle from Enterprise. Preapprovals are also being offered through the CU's website at www.communityonefcu.com.
