Help For California State Workers
SACRAMENTO, Calif.-With the state of California facing another budget impasse, the $7.3-billion The Golden 1 CU said it will again provide State Budget Payroll Loans with rates as low as 0% APR for its members who are state legislative staff provided they have a Golden 1 checking account with Direct Deposit of their state payroll checks as of June 30. The CU first offered such assistance in 1992 when state paychecks were deferred. Current and new Golden 1 members who are legislative staff and sign up for Direct Deposit after June 30, will be eligible for a State Budget Payroll Loan with a 4.99% APR.
Berrien Teachers Now Honor CU
ST. JOSEPH, Mich.-Berrien Teachers CU has changed its name to Honor Credit Union. The $280-million CU said the new name reflects its commitment to members and values.
NCUA Releases Second Track
ALEXANDRIA, Va-NCUA has posted online the second of three explanatory tracks on the history and prevailing situation involving the nation's corporate CU system at http://event.on24.com/event/21/92/30/rt/1/documents/player_docanchr_2/index.html. All three tracks are to be posted online as soon as finalized, and when complete, a DVD will be sent free of charge to all federally insured CUs.
Auction Now Available Online
LAS VEGAS-The Worldwide Foundation for Credit Unions, the charitable arm of World Council of Credit Unions (WOCCU), has taken its annual auction electronic this year. Traditionally part of WOCCU's World Credit Union Conference, which is being held in conjunction with CUNA this year as "The 1 CU Conference," the auction items and current bids can be found at www.biddingforgood.com/woccu. Bidding ends July 13.
Call For Entries For Think Prize
RANCHO CUCAMONGA, Calif. -With a potential reward of a $10,000 grand prize, CO-OP Financial Services is calling for entries for its CO-OP THINK PRIZE. entry forms and submission guidelines can be found at www.co-opthink.org. CO-OP said the new, annual contest is designed to inspire and reward innovative, shareable ideas on how to grow CUs, with the competition to proceed in three rounds; Oct. 15 is the deadline for round one. CO-OP noted that entrants are asked to complete a simple questionnaire that serves as a program proposal, establishing the specific idea and its merits to the industry, with replies limited to between 25 and 100 words per question.
The best of the round one entries will be invited to participate in a second round, in which remaining entrants will be asked to develop a business plan for the idea. In the third round, three finalists will present their ideas at the THINK 2011 Conference in May 2011 in Anaheim, Calif., with the winner determined by conference attendees, online viewers and a panel of experts from the Filene Research Institute and CO-OP.
Annie Vamper Awards Are Presented
NEW YORK-The National Federation of Community Development Credit Unions has presented its highest honor, the 2010 Annie Vamper "Helping Hands" Award, to: Rebecca "Becky" Anderson, board member at Northwest Baptist FCU in Seattle, and Marcus Bordelon, President/CEO of Appalachian FCU in Berea, Ky.
"Marcus and Becky have been involved with their respective credit unions for more than 20 years, and their commitment to their institutions and the principles of the credit union movement are truly exemplary," said Federation Executive Director Cliff Rosenthal.
GFCU Honored For Diversity
TAMPA-Grow Financial CU was recognized by the eWomen Network of Tampa/St. Petersburg with the 2010 Most Supportive to Women in Business Award. GFCU said the award reflects its commitment to diversity in the workplace, with women and minorities are employed at every level, from the teller line to the executive offices. Employees are regularly surveyed on diversity awareness, and also encouraged to join in activities recognizing the contributions of women and minorities in American history.
NJ CUs Seek To Aid Disabled
HIGHTSTOWN, N.J.-New Jersey's credit unions have entered into a partnership with Bulding Economic Strength Together (BEST), that seeks ways of better serving estimated 1.8 million people with disabilities who are unbanked. The partnership is the result of a collaborative internship effort between the National Federation of CDCUs, the Kessler Foundation, the National XU Foundation's REAL Solutions Program, Allies Inc., a New Jersey based training group for people with disabilities, National Disability Institute, and the league. "For credit unions, this is a major opportunity to grow their membership while making a positive impact on the interns' lives," said Pamela Owens of the Federation. The National CU Foundation has provided a $7,500 grant to the league to help recruit CUs to host the interns and to conduct workshops explore strategies for credit unions to better serve people with disabilities.