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CU System briefs (01/28/2014)
  • WASHINGTON (1/28/14)--The first round of 2014 campaign schools garnered strong results for the Credit Union National Association and Montana Credit Union Network, as 20 to 25 individuals attended schools held in Missoula, Helena and Billings last week.
    Wayne Stevenson, an 18-year-old high school senior from Hobson, Mont., came to the campaign school with hopes of running for governor in the future. (MCUN Photo)
    Montana State House members Chuck Hunter (D-79) and Kelly Flynn (R-68) both spoke during the session, and CUNA Senior Vice President of Political Affairs Richard Gose also provided pointers to potential candidates. The main goal of the campaign schools is to give candidates the know-how to run for office, raise money and develop campaign plans. Gose noted that this year's campaign schools were attended by a mixture of newcomers, incumbents and others seeking higher office. "For credit unions to be truly impactful at the highest level of federal and state government, our interaction needs to start at this level," he said. Three more schools are being held in North Carolina this week. The North Carolina-based schools will be held in Rocky Mount today, Fayetteville on Wednesday and Hickory on Thursday ...
  • ARLINGTON, Va. (1/28/14)--The National Association of State Credit Union Supervisors (NASCUS) last week submitted a rare comment on proposed federal regulations because they would affect state-chartered credit unions. The submission came in response to a request from the National Credit Union Administration for input on proposed changes to rules governing examination locales. The NCUA has suggested that Part 701 of its Rules and Regulations be amended to require examinations and contact between its regulators and credit union staff to occur at commercial offices or other public locations. The federal regulatory body specifically asked whether to include state-chartered credit unions under one provision of the law. NASCUS replied that the NCUA should coordinate with the primary state regulator when dealing with credit unions that are federally insured but state-chartered, while agreeing that regulatory agencies should be able to shape their examination processes within reason. The association recognized that some state regulators have voiced concerns about the appropriate public location for NCUA examinations, particularly with regard to the handling of credit union records and the cost of off-site meetings ...
  • WHIPPANY, N.J. (1/28/14)--The head of a $284-million asset New Jersey credit union last Friday started his term as leader of a prominent local trade association. Garden Savings FCU President/CEO Lou Vetere became chairman of the Morris County Chamber of Commerce, presiding over a meeting in Whippany, N.J. (The Daily Exchange Jan. 27). There were more than 600 attendees at the gathering, including representatives from Garden Savings FCU, Parsippany; XCEL FCU, Bloomfield; and the New Jersey Credit Union League. Linda McFadden, president/CEO, XCEL FCU, and league chair; and Greg Michlig, league president/CEO, were in attendance ...
  • WINSTON-SALEM, N.C. (1/28/14)--A North Carolina credit union was named one of the healthiest businesses in America. Allegacy FCU, Winston-Salem, was given the distinction last week by Healthiest Employers, a health analytics company. More than 5,000 organizations were competing for the honor, which is given to firms that incorporate outstanding employee programs and practices. Allegacy was recognized for its AllHealth Wellness program, which it started in 2009. "We are honored to be the only credit union recognized on a national level for Allegacy's AllHealth Wellness efforts," said Cathy Pace, CEO of the $1 billion-asset credit union, noting that the annual employee participation rate for the past three years has been at least 86%. The program includes health risk assessments, screenings, in-person coaching, incentives and discounted gym memberships, among other benefits ...
  • MARLBOROUGH, Mass. (1/28/14)--Sixty-one Massachusetts credit unions collectively raised $120,000 for the Massachusetts Coalition for the Homeless in 2013. The amount was represented by a ceremonial check given to the coalition last week by Nicole James, social responsibility committee chair, and Paul Gentile, president/CEO, Massachusetts Credit Union League (The Daily Scan Jan. 27). The largest contribution came from Waltham-based RTN FCU, which raised $31,300 through a number of programs. "It is only with the collective generosity from the credit unions that the coalition can be a place for families and individuals to turn when the unthinkable possibility of becoming homeless happens," said Robyn Frost, coalition executive director . . .


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