CACU Buys Ballpark Name...
LENEXA, Kan.-CommunityAmerica Credit Union now has a "steak" in the local baseball team. The $1-billion credit union has acquired rights to name the stadium that is home to the Kanas City-based T-Bones. The team plays in the Northern League. The deal gives CommunityAmerica naming rights for 10 years and includes joint marketing opportunities. CommunityAmerica Ballpark seats 4,500, plus another 1,000 in picnic and outfield berm areas.
...And Also Pays Members A Bonus
LENEXA, Kan.-The $1-billion CommunityAmerica Credit Union has distributed $641,657 in bonus dividends to its members. More than 90,000 of the credit union's 110,000 members received a portion of the Ownership Participation Dividend, which was deposited directly in members' savings accounts. It is the fourth year in a row such a bonus dividend has been paid
2 Long-Time CU Leaders Die
TAMPA, Fla.-Two long-time credit unionists have died. George Hobar, former president of GTE FCU, who spent 31 years with the credit union, has passed away. Mr. Hobar was a director of Southeast Corporate FCU, chapter president of the Tampa Chapter, chairman of Florida Central CU, and founder and onetime chairman of Payment Systems for Credit Unions (PSCU). He retired in 1992, but continued serving as a director with CUNA.
At Hanscom AFB, Mass., Jeremiah (Jerry) F. Hurley, an original member and long-time volunteer with $367-million Hanscom FCU here, has died. Mr. Hurley, 81, joined the credit union in its first year of operation, 1953, and served on the board from 1958-1992. Mr. Hurley was a World War II veteran and was a printing officer at Hanscom AFB for 42 years before retiring. He is survived by his wife, Margaret, two sons, three daughters, two daughters-in-law, two sons- in-law, nine grandchildren, and three great-grandchildren.
New London Telephone Merges
NORWICH, Conn.-CorePlus FCU here said that it will absorb via merger the members of New London Telephone Employees FCU. The merger will create a $117-million credit union with some 18,000 members. Russell E. Tait, president of NLTECU, will join CorePlus as its controller/administrative chief, according to CorePlus CEO Warren P. Scholl.