Year-End Dividends Announced
LOWELL, Mass.-More credit unions are beginning to report their year-end bonuses for members. For the 11th consecutive year, the $600-million Jeanne D'Arc Credit Union is distributing year-end bonuses to members. The CU is paying the bonus dividend in four different ways: mortgage members received 0.5% of their entire interest paid for the year; consumer loan members received 1% of their entire interest paid for the year; statement and passbook savings members received 10% of their year-to-date accumulated dividends, and Visa Platinum and Gold cardholders were paid a cash-back bonus in October.
In Buffalo, N.Y., Western Division FCU said it will pay its 12,000 members a $250,000 bonus dividend. It is the second consecutive year the credit union has returned a like amount of money to members. "Our members drive our success more than any other type of financial institution," said Craig Mellenthien, CEO.
Hallmark Retiring As CEO
MONTGOMERY, Ala.-Bill F. Hallmark is retiring as CEO of Comala Credit Union here, a position he has held for the past 13 years. While at CCU, Hallmark oversaw an expansion to a community charter and growth to $68-million in assets. Hallmark's career began in 1970 with Redstone FCU, and he has also held positions with the Alabama league, Pen Air FCU in Pensacola, Fla., Family Security Credit Union in Decatur, Ala., and Alabama Telco Credit Union in Birmingham.
Branch Manager, Bradford, Dies
MADISON, Ala.-Liz Bradford, 43, manager of Redstone FCU's branch here, has died. Ms. Bradford had been manager of the branch for three years and with RFCU for 19 years. She had recently been named Volunteer of the Year by the Madison Chamber of Commerce, where she was to take her place as president in October of this year.
"All of us here at the credit union are deeply saddened by the sudden and unexpected death of Liz Bradford. Her dedication to the credit union during the past 19 years will always be remembered," said President Gerald Toland.
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