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CU System briefs (06/23/2008)
* DUBLIN, Ohio (6/24/08)--The Ohio Credit Union Foundation (OCUF) has disbursed a $5,000 Disaster Relief Grant to the Iowa Credit Union Foundation (ICUF) to assist credit unions and their employees, volunteers and members affected by flooding this month. It was the first disaster relief grant issued by OCUF in 2008. Becky Hart, OCUF executive director, noted that contributors from across Ohio "are proud to be able to provide this grant to the victims of the devastating floods, and we will continue to encourage additional donations from credit unions in our state." According to the website, more than 20 credit union locations in Iowa closed in the current floods and many others were affected with outages. In 2007, OCUF provided $85,000 in disaster relief assistance to help victims of August floods in Ohio, California wildfires, and Peru's earthquake. OCUF's goal is to grant $250,000 in 2008, which is OCUF's 10th anniversary … * PROVIDENCE, R.I. (6/24/08)--Rhode Island credit unions have raised $50,000 for Special Olympics in various efforts. The latest, on May 30, saw more than 60 volunteers from 10 credit unions and the Credit Union Association of Rhode Island helping make the Special Olympics of Rhode Island Summer Games a success. Volunteers worked with the walking and running events, checking athletes in, gathering them into "heats" for their races and escorting them to the track. Mary Ellen Buckley, vice president branch operations at Westerly Community CU, serves on the association's Social Responsibility Committee, which coordinated the activities that the association undertakes to support the Special Olympics … * APPLETON, Wis. (6/24/08)--Appleton-based Prospera CU on June 18 opened a GoodMoney payday lending alternative inside Green Bay's newest Goodwill Store and Donation Center. The payday loan alternative will assist people with modest assets to secure loans they need in a more responsible manner, said Wisconsin State Treasurer Dawn Marie Sass. GoodMoney, launched in 2005 in Darboy by the credit union, has been featured in USA Today and The New York Times. It provides a more affordable short-term loan solution for payday loan users while offering them help so they don't need a payday loan in the future, said Ken Eiden, CEO of the $146.8 million asset credit union. Since Prospera and Goodwill launched the program three years ago, almost 11,000 GoodMoney short-term loans have been processed … * CINCINNATI (6/24/08)--Arthur S. Herring, husband of the late credit union pioneer Louise Herring, died June 14 at the age of 97. Funeral services were June 18. He was survived by five children--including William Herring, CEO of Cincinnati Central CU, and Catherine Herring, CEO of Communicating Arts CU, Cincinnati--and four grandchildren. Louise Herring is the namesake of the Credit Union National Association's Louise Herring Philosophy in Action Award … * NORTHVILLE TOWNSHIP, Mich. (6/24/08)--The Michigan Credit Union League has learned of the death of V. Ray Fradenburgh, former league director and retired general manager of Communicating Arts CU in Detroit (Michigan Monitor June 23). Fradenburgh died April 4 at the age of 90. He was a former chairperson of the Downriver and Bergengren credit union chapters. He is survived by his wife Jean; two sons, seven grandchildren and 15 great-grandchildren.


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