Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Bank pulls plug CUs save winter festival
BURLINGTON, Vt. (2/16/09)--Three credit unions stepped in after a bank pulled its support at the 11th hour on the 2009 Winter Festival in Burlington, Vt.
(Photos provided by the Association of Vermont Credit Unions)
Chittenden Bank had been a long-time major sponsor of the event. Festival organizers had been told the bank would fund the event again this year. However, the former Vermont bank was purchased last year by Connecticut-based People's United Bank, which pulled the funding for the sponsorship (Newslines Express Feb. 13). Three credit unions--Caswell CU, New England FCU (NEFCU), and NorthCountry FCU--all signed on to fill the void when panicked organizers contacted them a few weeks ago. Caswell CU, an $11.3 million asset credit union based in South Burlington, was already signed up to sponsor the festival for a third year in a row. The credit union, assisted by Association of Vermont Credit Unions (AVCU) Vice President Bryan Kent, connected the event's organizers at the University of Vermont (UVM) with the other two credit unions. NorthCountry FCU, a $218.3 million asset credit union based in South Burlington, and the Williston-based, $654.2 million asset NEFCU quickly added their sponsorship support, providing organizers with the funds needed to ensure the event took place as scheduled, said AVCU. This was the 17th year of the festival, which is organized by the event planning class of UVM's Community Development and Applied Economics Department. The event includes the Penguin Plunge to support Vermont Special Olympics, the Ice Walk on Burlington’s Church Street Marketplace, and other area events. The snow sculptors competed to represent Vermont in the National Snow Sculpting Competition in Lake Geneva, Wis. As a major sponsor, NorthCountry’s carving was located adjacent to the Church Street Marketplace piece which traditionally marks the start of the Ice Walk. A dozen sponsored carvings, including those done for Caswell and NEFCU, were located along a three block length of Church Street, with the Marketplace’s fourth and final block reserved for competitive snow sculptures.
Other Resources

RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
14 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
10 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
10 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
12 hours ago