Student-Run CUs Exceed 100
WASHINGTON, D.C.-The number of student-run credit unions now exceeds 100. According to data compiled by CUNA, there are now 107 CUs in 29 states operating in 310 elementary, middle and high school branches. The latest addition just opened its doors at Jefferson-Houston Elementary School in Alexandria, Va., CUNA said. All are maintained, in part, by student staff and many in corporate financial education curriculum and training.
2 More Announce Bonuses
JACKSONVILLE, Ark.-Two more credit unions have announced year-end bonuses. Arkansas FCU will pay a 2% bonus dividend to its 58,298 members. The bonus will be automatically posted to each member's share account, and when combined with the regular share dividend of 1% it will mean a 3% dividend for the fourth quarter of 2003. The bonus is the seventh time in the last 10 years the credit union has returned extra funds to members. In Honolulu, Hawaii State FCU is paying $1 million to members in the form of bonuses and rebates based on actual dividends and/or interest paid from Jan. 1 through Sept. 30. It is the eighth year HSFCU has done so.
NJCUL Offering Health Care
HIGHTSTOWN, N.J.-Through a new Small Employer Purchasing Alliance, the New Jersey Credit Union League (NJCUL) is now offering a line of health care coverage plans from Oxford Health Plans, Inc. to its member credit unions. Oxford Health Plans, Inc. is currently offering several plan designs at a 5% discount for NJCUL member credit unions: a Base plan, Low plan, Medium plan, High Option plan, and a special plan for credit unions with 51 employees or more. "The League understands the difficult position many of our credit unions are put in with the rising costs of health care coverage. Many credit unions are forced to reduce coverage, and in some cases, cut it all together. With this in mind, NJCUL made it our priority to find a way to help our member credit unions provide the best care for their employees possible," said Tom Shaughnessy, president/CEO of NJCUL.
Mosely Marks 30th Year At CU
LITTLE ROCK, Ark.-Sarah Mosley, president of Telcoe FCU here, is marketing her 30th year with the credit union and 25th as CEO. During Moseley's career, the credit unions has grown to $142-million in assets from $4 million. Moseley was named CEO of the Year by NAFCU in 1995.
