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CU System Briefs (12/02/2013)
  • WESTBURY, N.Y. (12/2/13)--NEFCU has contributed $15,000 toward Typhoon Haiyan disaster relief, it announced Tuesday. The Long Island-based credit union donated the money to the World Council of Credit Unions, which is working with local authorities in the Philippines to assist the 4.5 million affected by the November storm. "Typhoon Haiyan is one of the worst natural disasters in recent history" said Dr. Esmeralda Lyn, second vice chair of the NEFCU board of directors. "As with other natural disasters like Hurricane Katrina, the earthquake in Haiti and most recently Super Storm Sandy, we recognize the role we can play in supporting hard-hit communities, and we are proud to continue our 75 year history of helping those in need--locally, nationally and internationally." After Super Storm Sandy devastated the northeast last year, NEFCU gave $50 million in discount loans throughout Long Island. It also was designated a Small Business Loan Expeditor by the National Credit Union Administration, allowing the credit union to offer credit to business owners seeking fast relief. The World Council has operated in the Philippines since 1996. According to a Nov. 18 Philippine National Disaster Risk Reduction and Management Council assessment, Typhoon Haiyan killed 3,976 people, injured 18,175 and displaced an additional 850,808. NEFCU, which is headquartered in Westbury, N.Y., has over $2 billion in assets ...
  • MADISON (12/2/13)--Wisconsin Gov. Scott Walker announced Nov. 20 that Money Smart Week in the state will be held from April 5 until April 12 next year. The proclamation was read at the closing meeting of Money Smart Week Wisconsin 2013 by state financial regulator Peter Bildsten, (center) secretary of the Department of Financial Institutions. With him at the proclamation presentation are, from left: Alejo Torrest, Federal Reserve Bank of Chicago senior outreach manager; Michelle Tidemann, Fond du Lac County University of Wisconsin Extension family living educator and department co-chair; Tammy Matzdorf, Consumer Credit Counseling Service of Fond du Lac credit and housing counselor; Lori Burgess, Fond du Lac Public Library support services coordinator, and David Mancl, DFI Office of Financial Literacy director. Tidemann, Matzdorf and Burgess are members of the Fond du Lac County Money Smart Week team. Many credit unions in Wisconsin participate in Money Smart Week, which is dedicated to promoting financial literacy through events and courses. It was started by the Governor's Council on Financial Literacy in conjunction with the Federal Reserve Bank of Chicago (Photo provided by the Wisconsin Department of Financial Institutions) ...


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