CUs Refund Fees To Hospitals
HAMILTON, Ontario-Healthcare and Municipal Employees' Credit Union and McMaster Savings and Credit Union have announced a five-year agreement with Hamilton Health Sciences, St. Peter's Hospital and St. Joseph's Healthcare Hamilton that will see all ATM surcharges from machines at those locations returned to the hospitals. This will result in an injection of more than $1-million into the healthcare system throughout the next five years. More than $500,000 was returned to the hospitals under a previous five-year deal.
Under the agreement, HMECU and MACCU will give the full $1.50 surcharge charged to nonmembers for their ATM withdrawals to the participating hospitals. The credit unions charge these fees to nonmembers to help offset the cost of operating the network and as an additional source of revenue to improve member services. They will continue to charge these fees at all of their ATMs. It is only the ATMs at the above-mentioned locations that will see these fees returned to local healthcare.
NCUA Adds Financial Ed To Site
ALEXANDRIA, Va.-NCUA has established a financial education library on its website at ncua.gov. The library features innovative printable PDF brochures addressing topics that include ID theft, credit reporting, and credit card practice. The brochures were originally created by Tower FCU in Laurel, Md. and modified for use on the NCUA's site. They are available for consumers to view online and in printable format. In announcing the new resource, Johnson said, "Online resources such as NCUA's financial education library and MyMoney.Gov are fine examples of the positive and far reaching impact technology has in empowering credit union members with the important tools of financial education," said NCUA Chair JoAnn Johnson.
MyMoney.gov was created to provide public access to financial education tools and resources. Johnson, a member of the 20-agency Financial Literacy and Education Commission, is chairman of the MyMoney.Gov website subcommittee.
Stipa Named To Fed Council
PHILADELPHIA-Richard Stipa, CEO of TruMark Financial Credit Union, has been appointed to a three-year term on the Federal Reserve Bank of Philadelphia Credit Union Council, which represents Delaware, New Jersey and Pennsylvania, and advises federal officials on regional business conditions and economic issues.
