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CU System briefs (06/04/2014)
  • FAYETTEVILLE, N.C. (6/4/14)--Of the more than 560 high school seniors in Cumberland County who qualified, three came away winners in the "Driven to Excel" program, co-sponsored by Beasley Broadcast Group and Fort Bragg FCU, Fayetteville, N.C. (In the Loop June 3). Students had to have a cumulative GPA of 3.2 or higher and no more than five absences. The $396 million-asset credit union provided scholarships worth $3,000 and $2,000 for second- and third-place winners. The grand-prize winner took home a 2014 Toyota Scion ...
  • MADISON, Wis. (6/4/14)--Jean Chatzky, director of education for SavvyMoney, will be part of a free, live web chat at 1 p.m. (CT) June 17, presented by the Filene Research Institute and moderated by SavvyMoney CEO JB Orecchia. Chatzky, author of "Money Rules," will share her behavioral finance research about how credit unions can encourage members to save more and spend less.  She will offer her advice for getting more members in the door. Also on the agenda is a discussion of SavvyMoney, which began as a Filene i3 program ...
  • SCHAUMBURG, Ill. (6/4/14)--After 29 years as president/CEO of $860 million-asset Motorola Employees CU, John Fiore announced his retirement, effective Aug. 29. He has been with the Schaumburg, Ill., credit union for 45 years, starting in the loan department. Fiore has served the credit union movement in a number of capacities including, but not limited to: director, Illinois Credit Union League; director, Credit Union National Association; vice chair, Alloya Corporate FCU, Warrenville, Ill.; chair, National Credit Union Foundation; and chair, Illinois Credit Union Foundation. He was named to the Illinois Credit Union League Hall of Fame in 2000 and the Credit Union House Hall of Leaders in 2011. Michael Murphy, current executive vice president and chief operating officer, will succeed Fiore on Sept 1. He has been with Motorola Employees for 18 years ...
  • COLUMBIA, S.C., and SEATAC, Wash. (6/4/14)--Credit unions on both coasts recently announced plans for mergers. The board and membership of VARO No. 319 FCU, Columbia, S.C., with $1.2 million in assets, approved a merger with Carolina Collegiate FCU, Columbia, with $82 million in assets. VARO members will have access to four Carolina Collegiate branches and more than 5,000 shared branch locations, said Anne Shivers, Carolina Collegiate CEO. The merger will be completed with all accounts transferred and services available by June 18. In the Northwest, four credit unions announced merger plans (Anthem June 3). In Eugene, Bi-Mart FCU, with $6.9 million in assets and 2,300 members, will merge July 1 with $1.2 billion-asset Oregon Community CU. The merger has been approved by boards, members and regulators. Specifically, Bi-Mart CEO Chad Olney said the merger will provide more branches, remote services and surcharge-free ATMs. In Washington, $9.3 million-asset Central Washington University FCU, Yakima, will merge with Washington State Employees CU, Olympia, with $1.9 billion in assets. Central Washington's services include deposit accounts and vehicle loans. The merger gives members access to checking accounts, debit and credit cards, online banking, mortgages and investment services. Aug. 1 is the expected effective date ...


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