XFCU Establishes Memorial Fund
WEBSTER, N.Y.-Xerox FCU has established the Raymond L. Batzel Memorial Fund in honor of the XFCU member who was killed during a robbery of the credit union last week. A 23-year Xerox employee, Batzel was in the branch during the robbery and was shot by the robber, who remains at large. He is survived by his wife, Sharon, and three children. The fund will be administered by the Xerox Federal Credit Union and will provide support for the education of the Batzel children. It will begin accepting donations immediately. Xerox has donated $10,000.
SAFE Aids Holocaust Survivors
SACRAMENTO, Calif.-SAFE Credit Union said it will absorb all fees and costs associated with international wire transfers connected to compensation and restitution payments for Holocaust survivors.
The move is in response to a request from California Treasurer Philip Angelides to the state's financial institutions, who said the waiver of the fees will increase the overall payment received by Holocaust survivors, 40% of whom live in poverty. Of the estimated 15,000 to 20,000 Holocaust survivors in California, more than 6,000 receive reparations or restitution payments. About 1,040 Holocaust survivors receive monthly pension benefits of approximately $350 from the German government.
Air Force CU Adds Courtesy Pay
SAN ANTONIO-Air Force Federal Credit Union is now offering its members Courtesy Check Pay. Under the program, the credit union honors and funds a check even when funds are nonsufficient. Air Force FCU has established two levels of Courtesy Check Pay protection-$750 for Command Club Checking and $500 for Simple Checking. A member has 15 calendar days to make a deposit and clear the negative balance. Courtesy Check Pay is automatically applied to all qualifying checking accounts in good standing. A $30 per check fee is charged for this service.
CUES Pubs Win Three Awards
MADISON, Wis.-The Credit Union Executives Society was won three 2003 APEX Awards for Publication Excellence.CUES won for a promotional brochure for the CUES' School of Business Lending; was presented an Award of Excellence for its 2003 CUES Media Guide, and its Credit Union Management magazine won for its quality in graphic design, editorial content and the ability to achieve overall communications excellence.
Visit www.cujournal.com today!