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CU System briefs (04/15/2008)
* MADISON, Wis. (4/16/08)--CORRECTION: A News Now item on federal law changes in student loans incorrectly reported Tuesday that two large student-lender credit unions had pulled out of the federal student loan program. The University of Southern California credit union and the University of Texas credit union have not dropped out of the Federal Family Education Loan and Direct Loan programs. News Now regrets the error … * MANCHESTER, N.H.--America's Credit Union Museum's board plans a Oct. 23 premier showing at the Palace Theatre, Manchester, N.H., of its 100th Anniversary Video to celebrate the founding of the U.S. credit union movement. It also encouraged submissions of memorabilia for the museum and contributions to help it retire its mortgage and begin building an endowment for future operations. Use the link for the full story.



The museum board includes, from left: Daniel F. Egan Jr., president, Massachusetts and New Hampshire Credit Union Leagues and Credit Union Association of Rhode Island; Ronald J. Rioux, president/CEO, St. Mary's Bank CU; Peter J. Lemire, Esq.; Gordon A. Simmons, museum board chairman and president/CEO, Service CU; Michael L'Ecuyer, president/CEO, Bellwether Community CU; Dick Ensweiler, president/CEO, Texas Credit Union League; Peggy Powell, museum executive director; Rudy Hanley, president/CEO, Orange County Teachers FCU; John Murphy, president, Maine Credit Union League; Francois G. Henriquez, senior vice president and general counsel, U.S. Central CU; and Pete Crear, president/CEO, World Council of Credit Unions. (Photo provided by the New Hampshire Credit Union League) … * DENVER, Colo. (4/16/08)--Former legendary Colorado State University football coach Sonny Lubick has been hired as vice president of community outreach and public relations at Public Service CU. He will help the credit union develop relationships and membership in Larimer County. "We will be working hard to meet the financial service needs of the people of Northern Colorado," said PSCU President/CEO David Maus. Coach Lubick said, "When I first began my teaching career, I got my first car loan from the teacher's credit union." He noted credit unions made an even greater impact on his and his wife Pat's lives when Hurricane Andrew destroyed their home in 1992. "We had nothing left, and the credit union gave us $10,000 to help us get back on our feet. It was a life-saver when we did not know where else to turn," he said. PSCU recently acquired Norlarco CU and has retained more than 90% of the previous local staff … * SACO, Maine (4/16/08)--PeoplesChoice CU has introduced a mobile banking service, where "members can securely view their account balances, transfer funds and receive customized alerts about their account status, such as low funds," said President Luke Labbe. The $133 million asset credit union has taken precautions, including multi-factor authentication, member-selected passwords and secure socket layer connection, to ensure data security … * WASHINGTON (4/16/08)--Fraudulent traveler's checks, bearing a number of financial institutions' routing numbers and variations of their names, are reportedly in circulation, said the Federal Deposit Insurance Corp. (FDIC). The fake checks include a statement, "Issued by Federal Credit Union, D.C." The items don't indicate any affiliation with a major traveler's check issuer and are referred to as "Travelers Cheques." They have been presented in $100 denominations. The front of the items include an American flag overlaid with the Statue of Liberty and the U.S. Capitol, with "Support Our Freedom" beneath the image. The back of the checks display the amount $100 in all four corners and the U.S. Capitol in the center. An image of an eagle in front of an American flag is on either side of the back …


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