Sunmark 'Great Place To Work'
SCHENECTADY, N.Y.-Sunmark Federal Credit Union was recognized as one of the Great Places to Work in the Capital Region of New York by the Business Review. Sunmark was one of more than 130 companies to enter, making the list of finalists on the strength of its employee evaluations. The award recognizes the company's achievements in creating a positive work environment that attracts and retains employees through a combination of benefits, working conditions and company culture.
Cumorah CU Marks 40th B-day
LAS VEGAS-Cumorah CU is having a party to celebrate its 40th anniversary with decorations and refreshments at each of its branches. The $125-million credit union is also paying members a 10% bonus dividend on each of their deposit accounts and a 10% rebate on interest paid on their loans over the past year. The credit union is also offering a special auto loan during the month-long celebration at 4.4% with four months no payments.
SFCU Offering Construction Loans
PALO ALTO, Calif.-Stanford Federal Credit Union has begun offering commercial construction loans.
"After two years in commercial lending, we decided to expand opportunities for people who want loans to build businesses, expand businesses and buy investment property," said Brian Thornton, VP-real estate and business lending. "These people want fast decisions and highly personal service. We have taken the credit union model, which caters to specific member needs, and applied it to construction lending."
The credit union reported it is just finishing a million-dollar strip mall project in Newark, Calif.
Fees Are Earmarked For Victims
CHICAGO-The $4.5-billion Alliant Credit Union said it is earmarking its mortgage fees-typically $100 for each mortgage loan it processes-to a special fund to benefit Habitat for Humanity. The collected funds will be forwarded to Habitat for Humanity's special Hurricane Katrina Relief Fund through Nov. 30. In addition to a $10,000 donation to the Red Cross, the credit union has also deferred loan payments to affected members in the Gulf region for six months, and provided a minimum of $1,500 in unsecured loans to each.
