Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (05/26/2010)
* ST. PAUL, Minn. (5/27/10)--Kristina Wright, vice president-communications for the Minnesota Credit Union Network (MnCUN), has been re-elected to the Board of Directors of the Minnesota Jump$tart Coalition for Personal Literacy Finance. She also serves as the organization's vice president. The coalition is a state chapter of the national non-profit organization and is committed to improving personal financial literacy of Minnesota's youth. It includes representatives from government agencies, businesses, educators, financial institutions, non-profit organizations and community leaders. Also, among the five new board members elected at the coalition's May 19 meeting was Sherri Stumpf, CEO, TruStone Financial FCU, Plymouth, Minn. ... * RALEIGH, N.C. (5/27/10)--State Employees' CU of Raleigh, N.C., has extended its business day cutoff to 5:30 p.m. from 2 p.m. The extension also applies to SECU's online Member Access and Mobile Access services, and its ASK-SECU Voice Response phone system. Members requested the extended hours, which will give them more opportunity in the day to have transactions completed for same-day credit, SECU said. The extension will pave the way for future services such as "Another Chance," an upcoming program being designed to help offset potential non-sufficient funds (NSF) fees or overdrafts. SECU recently launched NSF Free Days and Two-Way Text Messaging and Alerts to help combat such issues. "Our goal is to keep money in members' pockets and these services are ways to help accomplish that goal," said Jennifer Hamrick, senior vice president of SECU's support services department ... * BOULDER, Colo. (5/27/10)--Elevations CU, based in Boulder, has established the Elevations Foundation for charitable giving. The foundation takes the place of the credit union's Community Relations Committee, which in the past decade awarded more than $1 million in scholarships, grants, volunteer time and donations to people and nonprofit organizations in Boulder and Broomfield Counties. The new foundation will collect and distribute funds that support charitable causes and education within the communities Elevations serves. Gerry Agnes, president/CEO, said the foundation's structure "allows us to sustain our charitable efforts for years to come." The foundation's new officers are: Jo Hetherington, chair; Rachael Maag, vice chair; Carol Krismann, treasurer; and Cris Jones, secretary ... * BROOKLINE, Mass. (5/27/10)--Volunteers and staff of MAFCU CU, a
Click to view larger image Click for larger view
$66 million asset credit union based in Brookline, Mass., spent May 15 packing 66 boxes of sheets, pillows and pillow cases to send to hospitals in Haiti. All items were donated by members, staff and volunteers, and will be delivered to Haiti through Partners in Health, a Brigham and Women's Hospital-affiliated medical facility that has provided medical care in Haiti for more than 20 years. "Many of our members were directly affected by the earthquake in Haiti, and in this way we could help our members and their loved ones," said Nicole James, president/CEO of MAFCU. The credit union's original base of membership is in the medical area. (Photo provided by MAFCU CU) ... * ST. LOUIS (5/27/10)--Earl Ogolin, longtime credit union founder, volunteer and advocate, died May 25 at the age of 90, according to the Missouri Credit Union Association (MCUA) (The Missouri difference May 26). Ogolin began his service to credit unions in 1946 at First Missouri CU, St. Louis. He founded Southpointe CU, St. Louis, in 1951, and remained on both credit unions' boards for years. In 1957, he became one of the youngest members of the MCUA board of directors. He served on the board for more than four decades and on the Missouri Corporate CU board for nearly 20 years, including one term as president. He joined the Credit Union National Association (CUNA) board in 1966 and served on the national level for nearly 30 years. In September 2009, Ogolin was named to the Missouri Honor Roll, for demonstrating leadership and guidance in maintaining the credit union philosophy. In February, he was named to the Credit Union House Hall of Leaders in Washington, D.C. He is survived by his wife and two sons. Visitation is today at 4 to 8 p.m. at Ziegenhein Funeral Home, 4830 Lemay Ferry Rd., St. Louis, MO 63129. Services will be at 9:30 a.m. Friday at Assumption Catholic Church, 4709 Mattis Road, St. Louis. In lieu of flowers, memorials can be made to the Assumption St. Vincent DePaul Society, 4725 Mattis Road, St. Louis, MO 63128 ...


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
19 minutes ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
2 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
4 hours ago
Seriously underwater homes rise, new-home sales tumble News Now:
4 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants
6 hours ago