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CU System
CU System briefs (01/07/2009)
* NAPERVILLE, Ill. (1/8/09)--The Illinois Youth Involvement Council and University of Illinois Extension sponsored a “Train the Trainer” workshop for the National Endowment for Financial Education’s (NEFE) High School Financial Planning Program. The workshop for teachers and agency staff who work with young adults (ages 14-19) was conducted at the Illinois Credit Union League’s offices in Naperville. HSFPP complements existing money management curricula used in high schools and agencies, according to Kathy Reuter, extension consumer and family economics educator. Reuter is shown here presenting to the group. (Photo provided by the Illinois Credit Union League) … * FARGO, N.D. (1/8/09)--A suspect in the Dec. 18 robbery of the Fargo branch of First Community CU allegedly sent a text message to his girlfriend admitting the crime--while police were interviewing her, according to court documents (GrandForksHerald.com Jan. 6). Denver Lee Tergesen was arrested after authorities tracked him through his cell phone’s signals to a stolen car in Detroit Lakes, Minn. Police say he has confessed to robbing the credit union of nearly $10,000 at gunpoint … * TAMPA, Fla. (1/8/09)--The fourth suspect in the Christmas Eve robbery of a branch of the Tampa Postal District FCU was arrested while hiding in a small freezer. Jerome Simmons, 21, had crammed himself in with the ice. Simmons and three others--Richard Charles Harris, 21, Hudson; and Jerald Davis, 22, and Tommy Lee Benton, 49, both of Fort Lauderdale--are charged with armed robbery. During the heist, one suspect dropped his cell phone at a teller’s window (St. Petersburg Times Jan. 1, and South Florida Sun-Sentinel Jan. 6 and Jan. 7) … * BALTIMORE (1/8/09)--MECU of Baltimore announced that in December its members received the second half of their annual cash bonus, which totaled more than $4.2 million. Loan interest rebates were deposited in members’ accounts on Dec. 1, and extraordinary dividends were deposited on Dec. 31. MECU has paid members a cash bonus every year since 1981. In 2007, its board decided to pay half the bonus in June and the other half in December. “Many of our members are teachers,” said Herman Williams Jr., chairman. “By providing part of the cash bonus we offer our members at the start of the summer, it gives our teacher members some extra cash when they most need it.” MECU President/CEO Bert J. Hash Jr. said, “While some area financial institutions have struggled during the past year, MECU has remained well capitalized and ready to help our members with their financial needs in 2009.” … * JACKSON, Miss. (1/8/09)--The merger of Hope Community CU, a $63.4 million asset community development credit union (CDCU) based in Jackson, Miss., and American Savings CU (ASCU), based in Memphis, Tenn., became effective Jan. 1. The merger results in a larger, stronger regional CDCU serving working families in Arkansas, Louisiana, Mississippi and Tennessee, said the credit unions. ASCU will retain its name and operate as a division of HOPE until systems are integrated over the coming hear. While HOPE will expand its branch network in three states, ASCU members will receive additional products such as mortgages and small business loans “This partnership builds on the strengths of two institutions to provide an important resource for people struggling to weather the current financial crisis,” said HOPE CEO Bill Bynum …


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