CU Member Wins $10K
EL PASO, Texas-Heather McBride, 25, a physical therapist, was named the $10,000 grand prize winner of the "GECU Savings Challenge 2010: Back in the Black." McBride, who at the beginning of the competition was tackling a new mortgage, student loans, and other debt, came out on top of the year-long competition, which had six participants working to become financially educated.
NCUF OKs $294K In Grants
MADISON, Wis.-The National Credit Union Foundation approved 15 new grants for 2011, totaling $294,510. All of the grant projects have a financial education component. Among those receiving funds: Mid-America CU Association Bismarck, N.D. which will provide financial education to participants in the Women, Infants and Children Nutrition Program (WIC); Metro CU, Chelsea, Mass., which will develop one-on-one financial coaching provided by corporate volunteers who will assist low-income households, and the Texas CI League, Farmers Branch, which will implement statewide financial Reality Fairs utilizing social media to enhance student participation, deliver financial education and track the impact social media has on financial literacy.
For more info: www.ncuf.coop.
OCCU ID'd As Place To Work
SANTA ANA, Calif.--Orange County's CU was ranked by The Orange County Register as one of the Top 10 mid-size workplaces in Orange County's for 2010. The award recognizes exceptional companies whose employees find their workplace both professionally and personally rewarding and fulfilling.
ICUF Announces Grants
NAPERVILLE, Ill.-The Illinois CU Foundation has awarded $22,100 in Small CU Development (SCUD), Community Service, Marketing and Business Development, and Financial Independence & Revitalization Effort (FIRE) grants, as well as more than $2,700 in scholarships, bringing the total awarded for the year to nearly $129,000.
Insurance Plan Created
GUATEMALA CITY, Guatemala-FederaciÃ³n Nacional de Cooperativas de Ahorro y CrÃ©dito (FENACOAC), Guatemala's national CU association, and its 19 member CUs have launched one of the few private savings guarantee funds for credit unions in the world. Effective Jan. 1, 2011, the fund will guarantee up to $12,500 per person, per institution, significantly above Guatemala's commercial bank, which offers $2,500 per person. The fund will represents 1.5% of the system's now-guaranteed $365.3 million in savings deposits.
MANISTEE, Mich.-Filer CU is paying a 2% bonus on share dividends and loan interest paid to its members. Approximately $50,000 is being returned.
TCUL Teams With CO-OP
RANCHO CUCAMONGA, Calif.-CO-OP Financial Services said it is partnering with the Texas CU League to offer CO-OP Mobile and CO-OP My Deposit e-commerce solutions and CO-OP Member Center 24/7 call center support.
For info: www.tcul.coop or www.co-opfs.org
Lending Solutions Signs 30 CUs
ELGIN, Ill.-Lending Solutions, Inc., a provider of call center services and consulting programs for financial institutions across North America, said 30 credit unions, representing more than $11 billion in assets, have signed on for the company's lending and member service contact center services year-to-date.
For info: www.lendingsolutions.com
BTC Offers Strategic Planning Workbook
ORANGE, Calif.-Bator Training & Consulting, Inc., has published its "Strategic Planning Workbook and Guide for Financial Institutions" and has made it available for purchase.
For info: www.btcinc.net
Firefighters CU Installs CheckLogic
MIDDLEBURY, Vt.-eDOC Innovations Firefighters CU, La Crosse, Wis., has chosen CheckLogic, a branch check capture and electronic image forward collection processing system, as its Check 21 solution.
For info: www.edoclogic.com
eDOC Hosts User Group Meeting
MIDDLEBURY, Vt.-eDOC Innovations held its second User Group meeting here. Themed "Vital Pieces in Your e-Document Strategy," the meeting was attended by eDOC users from South Dakota, Wisconsin, Michigan, Ohio, Maine and Massachusetts, as well as some of the CUSO's cuasterisk.com network affiliates, CU*South, CU*Answers and Corporate One FCU.
For info: www.edoclogic.com