NCUA To Send Fee Notices
ALEXANDRIA, Va.-NCUA said it will begin notifying federal credit unions of their 2002 operating fees with invoices in March. In addition, all federally insured credit unions will be informed of the amount needed to adjust their NCUSIF capitalization deposit at 1% of insured shares. The agency has already informed FCUs that the operating fee will rise by 4.36% over last year.
Maine Raises $170K For Hunger
WESTBROOK, Maine-The Maine league reported that its Maine Credit Unions' Campaign for Ending Hunger raised a record $170,356 during 2001, shattering last year's record by nearly $40,000. Sixty-seven Maine CUs and all eight state chapters participated in the campaign, with Dexter Regional FCU raising the most money, $8,400. Through the organization Partners in Ending Hunger, the funds will be distributed in the form of grants to various groups that help feed the hungry.
First Of Its Type Merger In NJ
EWING, N.J.-For the first time in this state, a state charter will merge with a community chartered federal credit union without the former CU having to change its charter. Parkway Financial Community FCU will merge into NJDOT Credit Union effective March 1, creating a $104-million credit union with 17,127 members. Under discussion since last year, NJDOT CU gave no indication it plans a name change. Under the merger NJDOT will expand its FOM to residents of Ewing Township, N.J., as well as anyone who works, worships, or attends school in Ewing Township. NJDOT Credit Union will occupy the current Parkway FCFCU building located at 1340 Parkway Avenue in Ewing.
CUNA CU Names New CEO
MADISON, Wis.-CUNA Credit Union, Madison, Wis., named Kim Sponem as its president/CEO. Sponem replaces Mary Cunningham who left the $230 million asset credit union to become president and CEO of $387.3-million USA FCU in San Diego.
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