Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (06/02/2014)
  • WASHINGTON (6/2/14)-- Shelton Roulhac, manager of state legislative information and research at the Credit Union National Association, is one of 12 scholars selected for the Diversity Executive Leadership Program (DELP) from the American Society of Association Executives . "CUNA is happy to support Shelton's application and delighted that he has been selected from a wide array of applicants," said Pat Sowick, CUNA senior vice president of league relations. DELP is a two-year leadership program that provides education, mentoring, career guidance, networking and volunteer service opportunities in the association community. Sowick added, "This is an honor for both Shelton and CUNA, as it will broaden our connections in the association community and provide new sources of ideas and development" ...
  • PHILADELPHIA (6/2/14)-- American Heritage FCU showed off souped-up cars and cool tunes to raise more than $10,000 for the music therapy program at the Children's Hospital of Philadelphia . The $1.3 billion-asset credit union teamed up with WOGL-FM for its member appreciation day that included a car show with nearly 300 vehicles. The Kids-N-Hope Foundation is the charitable arm of the Philadelphia-based credit union ...
  • Click to view larger image (Georgia Credit Union Affiliates photo)
    SAVANNAH, Ga.(6/2/14)-- Attendees at the Georgia Credit Union Affiliates' (GCUA) annual convention in Savannah, Ga., raised more than $1,300 for the local Children's Miracle Network Hospital at Memorial University Medical Center . Participants could purchase "Casual for Kids" T-shirts to wear on the last day of the four-day meeting. Last year Georgia credit unions donated more than $400,000, with the funds staying in the communities where they were raised. "There are so many wonderful stories of how these hospitals have impacted families and communities," said Kristi Arrington, GCUA vice president of information development. "The Georgia credit union community is happy to support their efforts in whatever way we can"  ...
  • PEORIA, Ill. (6/2/14)-- At CEFCU's recent annual meeting, the $4.9 billion-asset credit union announced it would distribute a reward bonus dividend of $12 million to its members . CEFCU saw its assets increase 2.5% to 2013 from 2012, and membership was boosted by more than 5,500 members. "Over the past 14 years, CEFCU has returned $75 million in extraordinary dividends to member/owners," said Thea Robinson, board chair of the Peoria, Ill., credit union ...
  • CLEVELAND (6/2/14)-- The former assistant manager/treasurer of G.I.C. FCU, Euclid, Ohio, was sentenced to more than seven years in prison and ordered to pay $7 million in restitution . William J. Memmer, 63, pleaded guilty earlier this year to one count of embezzlement and one count of making false entries in credit union records and reports. According to a statement released by the Northern District of Ohio U.S. Attorney's Office, Memmer allegedly used credit union funds to pay off more than a dozen personal credit card accounts, causing a loss to the credit union of at least $1.8 million. Also, the statement alleges that Memmer falsified quarterly financial reports to hide operating losses to the tune of $5.7 million. The credit union was liquidated by the National Credit Union Administration in December 2012, at which time it had $15.5 million in assets and 3,476 members ...


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
22 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
1 day ago