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CU System
CU System Briefs (07/29/2011)
* BALTIMORE (8/1/11)--MECU of Baltimore, Inc. paid its members a cash bonus totaling more than $2 million at the end of June. The bonus consisted of loan interest rebates and extraordinary dividends. The amount received by each member was based on the amount of interest each individually paid on loans and the amount of interest earned on deposits for the first half of the year. MECU has paid its members the cash bonus yearly since 1981. In 2008, the MECU board of directors decided to pay half the cash bonus at the end of June and the remainder at the end of December to help members dealing with financial issues during the recession. It is expected that members will receive the second half of the cash bonus in December … * MADISON, Wis. (8/1/11)--Becky Hansen of Ascentra CU was the winner of Credit Union National Association (CUNA) 2011 CUNA Branch Operations & Business Development School contest. Hansen won a free registration to the school, which will be held August 15-18 in San Diego. Contestants were asked to finish the sentence: “Branch operations and business development go together like_______ and _______.” Hansen’s winning entry, judged on creativity and originality, was “Branch operations and business development go together like Paula Deen and Butter.” The integration of the two credit union disciplines is a central theme for the CUNA Branch Operations & Business Development School. The event is designed to help credit union professionals enhance credit union membership, develop staff by building leadership skills, and discover exciting new ways to take credit union operations to the next level. CUNA’s early-bird registration discount of $100 is available to credit unions that enroll through July 29. To learn more about the conference, please visit training.cuna.org/fuse


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