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CU System
CU System briefs (04/01/2008)
* SANTA ANA, Calif. (4/2/08)--Orange County Teachers FCU, based in Santa Ana, Calif., has changed its name to SchoolsFirst FCU, according to the credit union's website. The $7.491 billion asset will start the transition to its new name on April 14. It told members the change is in name only, to honor the teachers and educational community it has served since 1934. The new name is more representative of its membership over a wider geographic area than Orange County. The credit union serves members in 10 counties, including Orange, Los Angeles and San Bernardino counties … * DUBLIN, Ohio (4/2/08)--Ohio's credit unions are preparing to march from Toledo to Columbus for the Marching Miles for Miracle Kids fundraiser for Children's Miracle Network and children's hospitals. The walk, which begins Sunday and continues through April 24, aims to raise $100,000. So far it has $35,000 contributed by credit unions, chapters and individuals. The Northwest, North Central, Western Buckeye and Central Ohio chapters are assisting the destination credit unions with their planned events (eLumination newsletter March 26) … * SAN DIEGO (4/2/08)--Two of San Diego's largest credit unions have announced they intend to merge. California Coast CU, with $907.4 million assets, and First Future CU, with 944.5 million assets, announced the plan Thursday. A merger would create a credit union with $1.8 billion in assets, about 130,000 members and 500 employees. It will adopt the California Coast name. Marla Shepherd, CEO of First Future, would become CEO of the combined credit union. Jim McPheters, current CEO of California Coast, is delaying his retirement into July to help with the integration. The merger is pending approval by regulators (The San Diego Union-Tribune March 28) … * CHARLESTON, S.C. (4/2/08)--South Carolina FCU has rolled out a new program that offers members perks for paying their bills online, according to the $1.384 billion asset credit union's website. Called "eChecking," the program allows account holders to earn reward points every time they pay a bill online. To earn the points, members must employ direct deposit, receive eStatements instead of paper statements, pay some bills online with Payment Manager, and use their MasterMoney Checking Card. Members using eChecking and who have a loan with the credit union also receive a free year of Equifax Credit Watch …


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