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CU System
CU System briefs (01/22/2010)
* FORT WORTH, Texas (1/25/10)--American Airlines FCU (AA CU) announced it paid $9.6 million in dividends to member-owners on Dec. 31 after its board approved the dividend payout at its Dec. 18 meeting (Journal of Transportation Jan. 30). The dividend was attributed to active participation from both borrowers and savers, sound lending decisions and an efficient operation that kept the credit union secure, strong and solid, according to Angie Owens, AA CU president/CEO ... * REDWOOD CITY, Calif. (1/25/10)--The Westlake branch of Redwood City, Calif.-based San Mateo CU is celebrating its third anniversary with deals on mortgages, credit cards and auto loans Jan. 19-31. During that time, it will pay the lender fees and appraisal fees--up to $1,000--on new, adjustable-rate first mortgages, and members can choose whether the rate is fixed for the first three or five years. Those approved for a Visa Platinum credit card will receive 5,000 CURewards points to be redeemed for products, merchandise and travel options. And members can get a 1% rate discount on new auto loans ... * VENTURA, Calif. (1/25/10)--Ventura County CU (VCCU), based in Ventura, Calif., has installed an inside/outside ATM kiosk on Main Street. The VCCU @ccess center consists of two ATMs next to a movie theatre complex. The interior ATM is accessible to anyone with a debit or ATM card from any financial institution and will operate from 6 a.m. to 8 p.m. daily. Its services include envelope-less deposits and two interior snack vending machines. The exterior ATM is available for cash withdrawals 24 hours a day. "We pride ourselves on being local, and this is as local as it gets," said Joe Schroeder, VCCU president/CEO. "More than ever, we are where our members are." The new @ccess center ATMs will be part of the CO-OP ATM Network. A grand opening will be Feb. 9 ...


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