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CU System
CU System briefs (03/18/2008)
* MADISON, Wis. (3/19/08)--UW CU announced that it is the first Wisconsin financial institution to go mobile. Members can use their cell phones or other mobile devices to check their account balances, make transfers and loan payments, use Web Pay and access Money Link, a serve that allows anyone to transfer money electronically to another UW CU member. UW CU’s mobile banking can be accessed by visiting m.uwcu.org. The site is protected with security technologies and can be used on devices with small screens and iPhones with wireless access. UW CU has more than $1 billion in assets ... * WESTBROOK, Maine (3/19/08)--Maine’s credit unions donated $10,000 to the Good Shepherd Food Bank in memory of the bank’s founder, JoAnn Pike. The food bank is the primary source where 95% of hunger organizations in Maine purchase food. From left: Rick Small, executive director of Good Shepherd Food Bank, accepts a check from Jon Paradise, Maine Credit Union League governmental and public affairs manager. (Photo provided by the Maine Credit Union League) ... * BOULDER, Colo. (3/19/08)--Elevations CU, a $760 million asset credit union based in Boulder, announced that its branching strategy includes plans for three new branches within the next 12 months. It is considering branches in Erie/northeast Broomfield, northeast Longmont and Superior. The additions will help establish a more prominent presence in Boulder and Broomfield Counties and portions of Westminster. According to Dennis Paul, assistant vice president of business and community development, the credit union received a state charter last year allowing it to serve those communities. Elevations CU already has significant market penetration in the communities, he said. Opening dates are pending completion of each project … * FEDERAL WAY, Wash. (3/19/08)--Ascend United (Au), a broker of credit union charge-off debt, awarded Michael Luckin, senior vice president of San Jose, Calif.’s Technology CU, a 100-gram bar of solid gold valued at $3,500. Luckin won the “Au: Gold Standard” promotion contest on the credit union’s new website. Au Program Manager Phillip Slater displays the gold bar before it was given to Luckin. (Photo provided by Ascend United) ... * SAN DIMAS, Calif. (3/19/08)--Todd Lane, WesCorp FCU executive vice president and chief financial officer (CFO), will step down from his position to become CEO at Executive Compensation Solutions (ECS), succeeding Alec Berkman. ECS also announced that Heidi Pederson Donahe has joined the company as chief marketing officer. Lane has been CFO of WesCorp since 1998. Donahe was senior vice president of Octavus Group LLC, where she led the company’s marketing operations ...


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