Colo./Wyo. Leagues Get New HQ
DENVER–The Credit Union Associations of Colorado and Wyoming have moved to a new headquarters building, a fully renovated 1929 structure four blocks from the Colorado Capitol building. The associations called it the culmination of a multi-year effort to improve the visibility of the movement.
The new facility, at approximately 23,000 square feet, is half the size of the previous facility, which had to contain functions such as check and item processing
The associations are planning a grand opening later in the summer, and look forward to hosting VIPs and other CU leaders at the facility during the Democratic National Convention in Denver in August.
NASA FCU Adds Tire Industry
BOWIE, Md.–NASA FCU has added the Tire Industry Association to its field of membership. Membership in the $900-million CU now is open to TIA members and their family members. TIA is an international association representing all segments of the tire industry, including those that manufacture, repair, recycle, sell, service or use new or retreaded tires, and also those suppliers or individuals who furnish equipment, material or services to the industry.
This CU Initiative Will Fly
WEST JORDAN, Utah–Two-and-a-half years after its inception, the students at Grainger High School have constructed their own airplane–thanks to the state’s CU foundation.
It took 50 students to build the kit–a four-seat, 200 horsepower, propeller-driven Excalibur. The $70,000 project was funded by donations from local and national businesses, and a $15,000 grant from the Utah CU League’s 100% For Kids Education Foundation. The foundation has provided more than $4.5 million in small grants such as this to help students, teachers, schools and school districts finance projects they might not have been able to afford otherwise.
Court Rules Against Payday Lenders
HARRISBURG, Penn.–The Pennsylvania Supreme Court ruled that payday lenders who charged borrowers a $150 monthly fee plus 6% interest violated a state consumer law. That decision upheld a ruling last year by the Commonwealth Court that said Advance America Cash Advance Center charged fees in violation of the state’s Consumer Discount Company Act. Pennsylvania’s CUs, which offer an alternative called the “Credit Union Better Choice Program,” applauded the decision.
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