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Barreto Headlines NCUA Program

WASHINGTON-Small Business Administration Administrator Hector Barreto will deliver the keynote address at NCUA's Access Across America Economic Empowerment Summit July 20 in Milwaukee.

"We are pleased to have Administrator Barreto address the participants of the Economic Empowerment Summit. Administrator Barreto's strong interest in economic empowerment, through credit union access, reaffirms the Administration's commitment to extending greater access to capital and credit," said NCUA Chair JoAnn Johnson. "The SBA's support has enhanced the opportunity for credit union members to have a financial partner they can count on as their small businesses flourish and create more jobs."

NCUA has issued a proposed rule that amends MBL regs to enable FCUs to participate more fully in SBA's guaranteed loan programs, Johnson added.

For info: www.ncua.gov

CSEFCU Merges Into Freedom First

SALEM, Va.-City of Salem Employees Federal Credit Union merged into Freedom First FCU having gained approval from both credit unions' board of directors as well as the NCUA and members of the City of Salem Employees Federal Credit Union.

"We are honored to have been selected as the continuing credit union and are confident our newest members will enjoy our competitive products and services as well as the convenience of nine area branches, having access to over 10,000 surcharge-free ATMs, and a wide array of online services," said Paul Phillips, CEO of Freedom First CU.

The membership of City of Salem Employees Federal Credit Union included employees and their families of the City of Salem, Salem City Schools and Blue Ridge Behavioral Health.

Chartered in 1956, Freedom First is open to anyone working or living in Roanoke, Botetourt, and Montgomery counties including the cities of Salem, Roanoke, Radford, and the town of Vinton.

For info: www.freedomfirstCU.com.

ITCUA Hosts Annual Summit

SANFRANCISCO-The Information Technology Credit Union Association will hold its annual Summit here at the historic Palace Hotel May 11 to 14.

The meeting provides educational and networking opportunities for credit unions.

For info: www.itcua.org.

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