BECU Plans $62,500 In Scholarships
TUKWILA, Wash.-BECU said its BECU Foundation plans to award at least 25 merit-based scholarships this year, each for $2,500. Each year, the BECU Foundation also awards two scholarships to honor the memory of two past BECU executives: W. Jim Roller, former CEO of BECU Financial Services, and M. Bud Jewell, former president and CEO. These honors go to the top scoring high school and college scholarship recipients. The BECU Foundation has awarded more than $1 million in scholarships to outstanding BECU members since 1995.
Students Design Billboard For E&A CU
CROSSWELL, Mich.-Area residents can decide which two Croswell-Lexington High School art students will receive $500 college scholarships, among submissions for a billboard design for E&A CU. Seven students created possible designs for a billboard advertising E&A CU. The entries are on display at the credit union's Croswell branch and people can choose their favorite. Voting continues through the end of February and is open to anyone. One vote is allowed per person.
More Troubled CUs Merged Out
SACRAMENTO, Calif.-State regulators reported they have approved three more mergers of failed state chartered credit unions in recent days. The latest are: California Printing & Publishing Employees CU, a one-time $11 million Riverside credit union with a $311,000 loss for the first three quarters of 2008, into Printing Industries CU, a $27 million Los Angeles credit union; and, Vernon/Commerce CU, a one-time $11 million Commerce institution with a $271,000 three-quarter loss and 3% net worth, into $81 million Pasadena Service FCU. Also, El Futuro CU, a one-time $10 million credit union chartered by United Farm Workers organizer Cesar Chavez, into Self-Help FCU, the rapidly growing community development credit union chartered 18 months ago by North Carolina's Center for Community Self-Help.
1,000 Fans = $1,000 Donation
FITCHBURG, Mass.-With only hours to spare, Workers' CU achieved its goal of securing 1,000 fans for its recently launched Facebook page, which resulted in a $1,000 donation to a regional food pantry, Worcester County Food Bank. The community-based $700 million credit union, with more than 65,000 members, launched its Facebook fan page in November. One month later Workers' issued a challenge: it would donate $1 for each fan, if the page reached 1,000 fans by midnight on Dec. 31. The goal is to provide community, social and financial information relevant to Facebook followers, not to push products or services. Postings on the site have included the credit union's holiday hours, wishes for a Happy New Year, branch events and poll questions, in addition to occasional follow-up comments to members' postings.
In the future, Workers' plans to include financial education information.
