23,000-Member Church Gets CU
HOUSTON-The Texas Credit Union Department has approved a charter for a new credit union to be sponsored by the New Light Christian Center Church here, which has 23,000 members. Organizers applied for a state charter in October, 2002 and the TCUD gave the OK on Jan. 17. Initially, it will offer share accounts and money market accounts, with plans to move into signature loans, shared secured loans, and new and used auto loans, followed by more sophisticated products. Organizer Harlene B. Johnson, who will serve as treasurer, said an early emphasis will be on financial education.
Tulsa Teachers Pays Bonus
TULSA, Okla.-Tulsa Teachers Credit Union (TTCU) said it will pay a bonus dividend to members that totals $1.77 million. To receive a share of the dividend a member had to have received at least $50 in interest during 2002 for deposits and/or had to pay at least $145 in interest in 2002 for loans. The dividend represents a bonus on interest earned from deposits and/or a bonus for interest paid on loans.
9/11 Survivor, Eubanks To Speak
MONTEREY, Calif.-Richard "Pitch" Picciotto, the New York City Fire Department battalion commander who was inside the north tower of the World Trade Center when it collapsed on Sept. 11, 2001, will address the California leagues's Big Valley Educational Conference, March 20-22. Picciotto was among a small group inside a stairwell between the sixth and seventh floors of 1 World Trade Center evacuating the building when it collapsed, and will share that story during the closing session. Other speakers will include physiotherapist Amanda Gore, author of The Office Athlete and Stress Busters, and Bob Eubanks, television and radio personality and for 22 years host of "The Newlywed Game. For info: www.ccul.org/bv2003.
Ohio CUs Raise $34K In One Day
DUBLIN, Ohio-Ohio credit unions set a new fundraising record after pledging $34,000 for political action during a three-hour phone-a-thon. Four trustees of the league's PAC dialed for dollars from the offices of the Ohio Credit Union System during the annual Phone-A-Thon for state and federal political action committees. Some 80 pledges were received.