Two More CUs Commit To HLPR
WASHINGTON-Two more CUs have committed a total of $10-million to a CUNA-backed program aimed at helping more people to buy homes. Making commitments to the Home Loan Payment Reduction (HLPR) program were Coastal FCU, Raleigh, N.C., and Landmark CU, New Berlin, Wis., which has also hit the $1-billion in assets mark. Approximately 70 credit unions have pledged to be part of the $1-billion national mortgage lending initiative.
'Hybrid For The Holidays' Debuts
TREVOSE, Penn.-TruMark Financial Credit Union has kicked off a "Hybrid for the Holidays" promotion in which it will give away a 2006 Toyota Prius. The sweepstakes will run through Dec. 31, and is open to anyone who visits a branch location of the $760-million CU. In addition, anyone who opens a new account during the sweepstakes period will receive a Winter Rock compact disc produced exclusively for TruMark Financial by Greater Media. The credit union is promoting the giveaway on Greater Media radio stations in its markets.
New Jersey Draws A Crowd
ATLANTIC CITY, N.J.-The New Jersey Credit Union League's 71st Annual Meeting & Convention drew a crowd of 1,000 to its two-day meeting here, during which it raised more than $7,000 for Children's Miracle Network. It also introduced a new award, the NJCUL Staff Appreciation Award, which was given to Mary Lee Kleinkauf. Kleinkauf served as interim president during one of the league's "most difficult years," following the departure of former CEO Thomas Shaughnessy, who has been charged with embezzlement of league funds while league CEO.
Mich. FIC Distributing Boxes
SOUTHFIELD, Mich.-The MCUL Family Involvement Council (FIC) is developing financial literacy resource kits to help CUs promote sound personal financial skills. Dubbed "Financial Literacy in a Box," the kits are turn-key personal finance presentations that credit unions can use in elementary school, middle school and high school classrooms. The first kit (for elementary school) will be available in early spring.