Texas Dow To Refund $2.62M
LAKE JACKSON, Texas-The $800-million Texas Dow Employees Credit Union has become among the first credit unions in 2003 to declare a special dividend for members. The credit union said it will pay a $2.62 million bonus to members. TDECU said the bonus was divided evenly among the credit union's 80,000 members. "If the credit union has a good year, then the members should share in that," said TDECU Chair Marcus Stephenson.
Expect More Snow During GAC
WASHINGTON- CUNA has confirmed that Treasury Secretary John W. Snow will address its 2004 Governmental Affairs Conference during the event's opening general session Monday morning, Feb. 23. The appearance will be the second for Snow, who also addressed the 2003 meeting shortly after taking office.
GASCO Now Premier Financial
DETROIT-GASCO Employees CU will change its name to Premier Financial Credit Union, effective in February of 2004. The $64-million credit union serves 6,000 members and is sponsored primarily by DTE Energy's Michigan Consolidated Gas Co. Along with the name change the credit union is also moving to new offices and is installing a new data processing system.
Uzbekistan CUs At Ore. Meeting
PORTLAND, Ore.-During its annual meeting here, the Credit Union Association of Oregon hosted three representatives of Uzbekistan's credit union movement. On hand were Davron Madiromov with the Central Bank of Uzbekistan & World Council of Credit Unions (WOCCU) project staff; Gulnora Makhmudova, board member from Baraka SCU of Tashkent Region; Larisa Yurikova, executive manager from Lastochka SCU in Navoi Region, Arthur Arnold, president of WOCCU, and Mike Beall, manager of governmental affairs and partnerships, both of WOCCU. The Uzbekistan representatives signed new partnership agreements with the CUAO, which also donated $5,000 to WOCCU's People-to-People program activities.