News Worth Noting
Published October 23, 2014 9:33 AM
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Updated June 1, 2021 1:19 PM
1 Min Read
Credit Union Journal offers a look at notable credit union events. (Photo: Fotolia)
JetStream Wins $1.2M CDFI Grant
MIAMI LAKES, Fla. JetStream FCU won a $1.2 million Community Develo9pment Financial Institution grant from the U.S. Treasury.
"We are absolutely thrilled to be awarded this grant," JetStream CEO Jeanne Kucey said in a statement. "We look forward to assisting more members with greater resources and strengthening our bottom line at the same time.
The CU worked with consulting firm CU Strategic Planning to write the grant.
"Our goal is to become the leading financial institution serving and assisting low- to moderate-income small business owners in Dade County and Puerto Rico," Kucey added. "Because of our size and limited resources, we were in need of additional funds to meet the member business lending requests in our local communities. We believe our CDFI grant award will help us succeed in this area tremendously, allowing us to become even more of a primary financial resource in our community.
CU Museum Names Smith Executive Director
MANCHESTER, N.H. Stephanie Smith has been hired as the new executive director of America's Credit Union Museum.
Having spent the last 10 years working in the development office at St. Paul's School, Smith brings experience working on capital campaigns, library research in archival records, implementing systems to track fundraising and planning large-scale events.
Smith joins the museum as it prepares to move the $3.3 million Legacy Capital Campaign out of its current "quiet phase" to raise money to renovate a second building, which will increase the amount of space available for exhibits and create a research library for the credit union movement.
"I am very excited to join the museum as we launch the Legacy Campaign, and I look forward to a partnership that brings together the innovative ideas from our leaders, colleagues and credit union members," Smith said. "As a lifelong credit union member, I appreciate the history we have preserved and embrace the opportunity to share it with future generations."
White House Recognizes Tech CU CEO
WASHINGTON Tech CU President/CEO Barbara Kamm was among nine business leaders honored as "Champions of Change" by the White House for leading integration and workforce development efforts to promote citizenship in the workplace.
"These champions have strengthened their businesses and the American workforce by helping eligible immigrants navigate the naturalization application process," according to a White House press release. "These champions recognize that citizenship is an asset for businesses, workers and their families, strengthening our overall economy."
Navy Fed Makes Top Co-op Rankings
WASHINGTON Navy FCU took the top spot among financial cooperatives and 11th overall in the National Cooperative Bank's annual Top 100 Cooperatives rankings.
The $60 billion credit union earned $3.7 billion in revenue in 2013, NCB reported, well above second-place finisher in the financial cooperative category CoBank, which earned $2.1 billion and came in 19th place overall.
NCB said the top 100 revenue-earning cooperative businesses collectively posted revenue totaling approximately $234.5 billion in 2013, a 3.6% increase from 2012.
