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News Now

CU System
CU System briefs (04/14/2010)
* JERSEY CITY, N.J. (4/15/10)--On April 1, Liberty Savings FCU launched its "CURE" membership campaign to raise awareness of the opportunities and benefits of joining a credit union (The Daily Exchange April 14). The name refers to helping consumers find the right "medicine" for financial "ailments" they might be experiencing at other financial institutions. Staff, pictured here, will wear medical scrubs and lab coats throughout the campaign. In addition to promotions in its branches, the credit union is advertising in local newspapers and has banner ads on NJ.com. It also will conduct several financial literacy seminars. "We want to help consumers realize there is an alternative to the high fees, high interest rates and bad service they may be experiencing in their dealings with other financial institutions," said Sean McDonald, chief marketing officer. (Photo provided by the New Jersey Credit Union League) ... * CHARLESTON, S.C. (4/15/10)--Two former employees of South Carolina FCU's Summerville, S.C., office pleaded guilty to siphoning off between $200,000 and $400,000 from inactive accounts. Robert Tam, 42, former risk analyst, and Jason Nicklous Kizer, 31, former account manager, took the funds from the accounts of a deceased woman, deployed military personnel, and others between 2005 and 2009. They were fired last fall. They face a maximum penalty of 30 years in prison and $1 million in fines (Associated Press and The Post and Courier April 14) ... * ST. LOUIS (4/15/10)--Vantage CU President/CEO Hubert Hoosman Jr.,
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right, presented a check for 10,000 to Diane Buhr, left, executive director of the Special Education Foundation (SEF), and Linda Fahrenkrog, SEF vice president, to be used for scholarships for students with disabilities who plan to obtain a higher education. "For years Vantage has been serving educators in a variety of ways, including sponsoring scholarships and offering free financial education presentations," said Hoosman. The check presentation was made at the credit union's main office in Bridgeton, Mo. SEF has been awarding scholarships since 1988. Vantage is a $628 million asset credit union with more than 111,500 members. (Photo provided by Vantage CU) ...


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