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CU System
CU System briefs (04/30/2008)
* LATHAM N.Y. (5/1/08)--New York State Senate Minority Leader Malcolm Smith, left, shown with William J. Mellin, president/CEO of the New York State Credit Union League, met for breakfast with a group of credit unions leaders and league representatives last week in New York City. The meeting was arranged by the league to further educate Smith about the credit union difference and the value credit unions bring to millions of New Yorkers. They discussed depository choice, the Excelsior Linked Deposit Program and the Banking Development District Program. Participants included: Brian Clark and Evan Gotlob, Bethpage FCU; Robert Nemeroff and Marion Smith, Melrose CU; Darlene Greene, New York Times Employees FCU; Shirley Jenkins, Municipal CU; Mark Johnson, Qside FCU; Rossana Creo, John Lewis and Liz Philippe, United Nations FCU; and Bogdan Chmielewski and Paul Sosnowski, Polish and Slavic FCU. Representing the league were Mellin; Michael Lanotte, senior vice president/general counsel; and Amy Kramer, vice president, governmental affairs. (Photo provided by the New York State Credit Union League) … * PHOENIX (5/1/08)--Arizona State CU was featured in the Federal Home Loan Bank of San Francisco's 2007 Annual Report. The $1.1 billion asset, Phoenix-based credit union was one of three members featured and the only credit union. David E. Doss, the credit union's president/CEO, was pictured and his comments were part of the feature about ways in which the Federal Home Loan Bank has reached out to assist member institutions. Doss noted that the bank "is a strategic partner that assists us in balance sheet management, liquidity management and even product development. If we have a need, we know we can go to the Federal Home Loan Bank." The credit union has received the bank's community assistance grants, including a $600,000 affordable housing grant and a $25,000 worker training grant (Business Wire April 29) …


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