Worth Noting

Register now

Corporates Announce Payouts

HALES CORNERS, Wis.-Two corporates are paying patronage refunds. The $1.7-billion Corporate Central Credit Union will refund $380,000 to its members, based on the extent of the credit union's participation with Corporate Central.

The bonus payment marks the 15th year Corporate Central's has made such a payment, amounting to more than $3.1 million during that time. In Duluth, Ga., Georgia Central Credit Union is paying a $315,000 patronage dividend to its member CUs, also based on a CU's relationship with the $1.5-billion corporate.

In addition, GCCU is donating $15,000 to the Georgia Credit Union League's Progress Fund, which is used to increase awareness of credit union issues among government officials, media and civic organizations.

March Named Leader of The Year

THORNDALE, Penn.-The Chester County Chamber of Business & Industry presented Citadel Federal Credit Union President and CEO Jeff March as the Small Business Leader of the Year. The event is sponsored by PNC Bank. March was recognized for Citadel's growth to $600-million in assets and nearly 80,000 members.

"When I accepted the award I accepted it on behalf of all the great people I work with at Citadel. We're a team here at Citadel and this award is as much for them as it is for me," said March.

CU Changes Name To Salmon Falls

SOMERSWORTH, N.H.-Somersworth Credit Union has changed its name to Salmon Falls Community Credit Union. Founded in 1955 for employees at the GE Meter Plant in Somersworth as Somersworth General Electric Employees Credit Union, it now serves anyone living or working within 10 miles of Somersworth.

The name is derived from the local Salmon Falls River, which runs through many of the communities the credit union serves.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER