Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/02/2011)
* DULUTH, Ga. (1/3/11)--Georgia FCU, based in Duluth, Ga., has changed its name to Georgia United CU because it recently converted to a state charter (Atlanta Journal-Constitution Dec. 30). The credit union was founded as DeKalb County Teachers FCU 52 years ago. Georgia United CU serves employees of 10 school systems and more than 450 select employment groups as well as University of Georgia employees, faculty, students and alumni. It has $630 million in assets and 13 branches located throughout the state … * CHAMPAIGN, Ill. (1/3/11)--Champaign County Employees CU has merged into $240 million asset University of Illinois Employees CU. Both credit unions are located in Champaign, Ill. Champaign County Employees CU had about $330,000 in assets. Chairman John Dimit said the county employees credit union was finding it increasingly harder to manage all the administrative duties with a small asset base. Many members had dual memberships already with the UI Employees CU. The merger took effect Dec. 1 (The News-Gazette Dec. 30) … * LAUREL, Md. (1/3/11)--Robert "Bob" Byroad, first president of Tower FCU, headquartered in Laurel, Md., died Dec. 25 at the age of 81. He started at the credit union in 1959 as office manager, with two employees, about 3,000 members and $400,000 in assets. In 1978 he was named general manager and in 1986, he became president. By his retirement in 1994, Tower was a full-service credit union with $620 million in assets and nearly 92,000 members worldwide. Today, Tower is the largest federal credit union in Maryland, with more than $2.2 billion in assets, 16 branches and more than 121,000 members. Current President/CEO Martin Breland attributed the growth to Byroad's tenure. He also was active nationally in the movement. He is past president of the Maryland Credit Union League and the Metropolitan Area Credit Union Management Association. Before arriving at Tower, he assisted in chartering the Wheaton Co-op FCU. He is survived by his wife, sister, two children, five grandchildren and one great-grandchild …


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
23 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago