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CU System briefs (01/16/2008)
* HARAHAN, La. (1/17/08)--Louisiana Gov.-elect Bobby Jindal announced that John Ducrest will continue as Louisiana Commissioner of Financial Institutions. Ducrest has served in the position since 2004, overseeing the regulation and supervision of all state-chartered institutions, including credit unions (e-News Jan. 16) … * NEW YORK (1/17/08)--Fitch Ratings has withdrawn the "insurer financial strength (IFS) AA- ratings for CUNA Mutual Life Insurance Co. (CMLIC) due to its Dec. 31 merger with CUNA Mutual Insurance Society (CMIS). CMLIC's ratings, now obligations of CMIS, continue outstanding and are affirmed. All other ratings are unaffected and the rating outlook remains "stable," said Fitch. Previously, Fitch rated three companies--CMIS, CMLIC and CUMIS Insurance Society Inc.--on a combined basis … * GRAND RAPIDS, Mich. (1/17/08)--West Michigan CU was robbed twice in less than a week, with the latest incident occurring at 10 a.m. Tuesday. Police were looking for a man wearing a puffy coat, blue jeans and a black dress hat. On Jan. 9, a man carrying a briefcase robbed the credit union, then drove away in a minivan with the license plates removed (Grand Rapids Press Jan. 15) … * BUCKSPORT, Maine (1/17/08)--Seaboard FCU has teamed up with Bucksport officials to lure shoppers to town by offering discount gas prices. In the program, funded by the credit union and the town, merchants will offer coupons for discounted gasoline at two stations on Main Street. The discounts will be based on the amount of merchandise purchased at each store. The funds contributed by the town and the $82.2 million asset credit union will be used for printing the coupons and for marketing the program. A recent survey of local residents indicated that more people leave town to shop than come into town. Gas prices were cited as a factor (Bangor Daily News Jan. 16) …


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