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CU System
CU System briefs (01/06/2012)
  • BOSTON (1/9/12)--Filene's Basement, a Boston-based discount store founded by credit union pioneer Edward A. Filene, officially closed all its 20 remaining stores on Jan. 1. Filene, who is considered the father of U.S. credit unions, founded the store as a way to sell excess merchandise from his father's department store upstairs. Filene's Basement called itself the "store that invented the bargain," said the Pennsylvania Credit Union Association (Life is a Highway Jan. 6) …
  • PORTLAND, Maine (1/9/12)--The Maine Credit Union League and several credit unions from the state attended a breakfast reception hosted by Gov. Paul LePage in Augusta on Jan. 3, one day before the start of the state's Legislative  Session  (Weekly Update  Jan. 6).  Attending were league President John Murphy; league Director of Governmental Affairs Quincy Hentzel; Sebasticook Valley FCU President/CEO Jim Lemieux, who is a league board member; and Ryan Poulin, president/CEO of New Dimensions FCU. Murphy said the event provided "an opportunity to reinforce the important role credit unions have in the Maine economy with the governor and key members of his staff …


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