The CU Journal Daily
CD Rate Is Tied To Super Bowl
PORTSMOUTH, N.H.-Members of Northeast CU can bet on their favorite football team in next month's Super Bowl through the credit union's "Super CD" promotion, introduced last month. Members were offered the opportunity, starting Dec. 18, to buy a 16-month CD for the premium rate of 3.05% and pick a football team to win the Super Bowl. If their team makes it to February's annual NFL championship game the rate on their CD is bumped up to 3.41%, and if their tam wins the ultimate game, the rate is lifted to 3.82%, according to Tony Popielarz, head of marketing at Northeast Credit Union.
With the playoffs under way, interest in the promotion has skyrocketed, with a total of $1.5 million sold, said Popielarz. "Really, the monies keep pouring in," he told The Credit Union Journal.
The vast majority of members, about 90%, are betting on the home team New England Patriots to go all the way again, but fans/members are also spreading their bets on other teams, like the Pittsburgh Steelers, or the Green Bay Packers.
Members Help Select State Coin
SIOUX FALLS, S.D.-Credit union members across the state will be invited to vote on a design for the South Dakota commemorative quarter during a state-wide ballot later this month conducted at credit unions and banks, and on the state's website. Three of the five designs proposed feature Mount Rushmore; while a bison and a pheasant are the prominent likenesses in the other two designs.
The U.S. Mint is producing commemorative quarters of each state in the order the state joined the union and South Dakota was the 40th state. The winning design will be chosen by the governor in April and the Mint will begin production in June.
AmeriCU Seeks To Go Community
ALBANY, N.Y.-AmeriCU Credit Union has applied to the state Banking Department to convert to a community charter serving more than 1.2-million people in central New York, which would be the largest community field of membership ever granted a state charter in the Empire State.
The $550-million credit union has requested permission to serve residents of Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego counties, as well as two underserved areas of Jefferson-Lewis County and Herkimer counties. The credit union was chartered in 1950 to serve the former Rome Air Depot, now Griffiss Air Force Base, and currently serves 400 select groups.
1.5 Million Lbs. Of Food Collected
SAN ANTONIO, Texas-A food drive sponsored by Security Service FCU collected 1.5 million pounds of food for the poor during the holidays.
The food is being distributed by the San Antonio Food Bank, which estimated the donation will be enough to provide nearly 1.2 million meals, or sufficient to feed 60,000 people three meals per day for six months.
PSCU Provides $100K To Soldiers
ST. PETERSBURG, Fla.-PSCU Financial Services said it contributed $100,000 to funds providing relief services and other assistance to active duty soldiers fighting in Iraq. The company donated $50,000 to the Injured Marine Semper Fi Fund, $25,000 to the Army Emergency Relief Fund, and $25,000 to the Air Force Aid Society. The Semper Fi Fund provides financial assistance to Marines, sailors and families of those injured on activity duty.
ATM Pioneer Honored In The UK
LONDON-The man who revolutionized financial services by introducing the first automatic teller machine was honored by Queen Elizabeth last week along with rock star Roger Daltrey, lead singer for the Who, and British-born astronaut Michael Foale as Commanders of the Order of the British Empire.
John Shepherd-Brown, 79, installed the world's first ATM almost 40 years ago for Barclays Bank, in Enfield, North London. Shepherd-Brown developed the idea for an automated teller after he became frustrated at not being able to get cash on weekends. In 1967, as managing director of De La Rue Instruments, he initiated what has become a world-wide practice, the trip to the ATM.
Shepherd-Brown went on to supervise the installation of ATMs in Switzerland, Philadelphia and Tokyo.