Workers' CU Rolls Out Online-Only Savings Acct
FITCHBURG, Mass.-Workers' Credit Union recently rolled out an online-only savings account that offers nationally-competitive interest rates. "This is a first for us, offering a product that you can only get online," noted Fred Healey, CEO of Workers' CU.
"Since the cost of providing the product and service is lower, we can offer a higher rate than a traditional savings account." There are no fees to open an account and one can be opened online in minutes. In addition, there are no penalties for withdrawals and funds can be easily transferred from other financial institutions. At press time the rate was at 3.10% with a minimum deposit of $500.
For info: www.wcu.com
Evergreen Ties Fundraiser To Hunting Season
NEENAH, Wis.-Evergreen Credit Union has created a unique donation drive tied to the local hunting season. The credit union is seeking to raise funds for two local families who are suffering greatly, one that lost its home and all possessions in a fire, another a father of three small children whose mother has left them. The credit union is adding member and visitor names to the blaze orange tags typically worn by hunters and displayed in its lobby anytime a $1 donation is made. The fundraiser, entitled "BIG BUCKS4EXTRA DOE," is tied to Wisconsin's deer hunting season.
Calif. CUs Form NorCal CU Strategies CUSO
MENLO PARK, Calif.-Sixteen credit unions in Northern California have joined to form a new CUSO called NorCal Credit Union Strategies. The business lines to be offered by the new CUSO are still to be decided, with organizers saying all participants are being canvassed for their suggestions and strategies. Linda White, CEO of United Health CU, will serve as CUSO chair. Participating credit unions, with assets ranging from $17 million to $84 million, include: Alameda CU, Allied Trades CU, Antioch Community FCU, Bay Media FCU, Community CU of South Humboldt, Dow Western CU, ILWU-FSC FCU, Kaiperm North Bay FCU, Monterey County ECU, My CU, Pacific Advantage FCU, RCSSE FCU, Sierra Point CU, Tyco FCU, United Health CU, and Western Healthcare CU.
Serving Boomers, Hiring Ex-Bankers Explored
MADISON, Wis.-Two new white papers from the CUNA Councils hone in on serving baby boomers, and hiring ex-bankers.
"Marketing to Baby Boomers," by the CUNA Marketing and Business Development Council, details relevant products and services for this demographic and how to strategically market these offerings.
The second new white paper-"Ex-Bankers Working for Credit Unions: Challenges and Opportunities"-by the CUNA Lending Council, offers tips and tools for hiring ex-bankers with the right mindset to thrive in the credit union environment and helping them to make the transition.
For info: www.cunacouncils.org.
Jump$tart Wins Grant From Charles Schwab
WASHINGTON-The Jump$tart Coalition for Personal Financial Literacy will use a grant from Charles Schwab Foundation to distribute nationwide 100,000 copies of the third edition of its "National Standards in K-12 Personal Finance Education."
These standards, created by the Jump$tart Coalition in conjunction with educational and financial services experts, delineate the personal finance knowledge and skills that K-12 students should possess and will be distributed through the Federal Consumer Information Center (FCIC) in Pueblo, Colorado.
For info: www.jumpstart.org/guide.html.
