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News Now

CU System
CU System Briefs (01/03/2014)
  • GALVESTON, Texas (1/3/14)--George Ballis, longtime president/CEO of AMOCO FCU, Texas City, Texas, died Dec. 25. He was 85. Ballis started working for the credit union in 1962 by traveling to Amoco refinery and chemical plants to take deposits and make loans, said the credit union. He was promoted to CEO in 1973--a position he held for 25 years. His obituary noted his leadership and enthusiasm were "fueled by his altruistic belief that every American should have access to a credit union." Ballis' credit union involvement included organizing the National Association of Amoco Credit Unions and serving as president of the Galveston County Chapter of Credit Unions. "He will be more remembered for the family environment he created and his commitment to serve the members and employees of the credit union," said Shawn Bailey, current president/CEO of the $622 million-asset credit union ...
  • ALBANY, N.Y. (1/3/14)--A body piercing shop in Albany, N.Y., won the Sunmark FCU Business Grant Contest for 2013. Will and Kimberly Eck, owners of Classy Body Art, won $1,000 in a business savings account at the credit union and a seat in the Albany-Colonie Regional Chamber's Entrepreneur Boot Camp.  "Will and Kimberly's business plan was in great shape and showed a lot of initiative," said Frank DeGraw, executive vice president of the $395 million-asset credit union. Sunmark FCU and the Albany-Colonie Regional Chamber sponsor the contest for new businesses and entrepreneurs (Times Union Dec. 31) ...
  • DENVER (1/3/14)--Denver police are looking for a bank robbery suspect who wears an oxygen tank and mask during his heists. Dubbed "the O2 Bandit," the suspect has struck three financial institutions, including branches of Westerra CU, Denver, and Partner Colorado CU, Arvada. Investigators aren't sure if the supplemental oxygen is a medical necessity or a disguise (The Denver Post Dec. 31) ...


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