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News Now

CU System
CU System briefs (07/07/2014)
  • WARMINSTER, Pa. (7/7/14)-- Forget about a polar bear plunge --Freedom CU staffers slid into sloppy Jell-O to benefit the Kids-N-Hope Foundation. During the 21st Annual Gelatin Olympics, Frank Dwyer, senior network engineer of the $647 million-asset credit union, dressed like a hula dancer and glided into 700 gallons of strawberry gelatin. He also took home the awards for best costume and top donor at the June 11 event. The Warminster, Pa., credit union donated $700 to the Kids-N-Hope Foundation, which supports programs such as music therapy for the Children's Seashore House at the Children's Hospital of Philadelphia (Freedom CU Photo) ...
  • MADISON, Wis. (7/7/14)-- Jim Metz, president/CEO of CUNA Brokerage Services Inc., will retire from CUNA Mutual Group's broker-dealer . "Since Jim joined CUNA Mutual Group in 2006, he has provided strong leadership to CUNA Brokerage Services Inc., as president and CEO of our broker-dealer business," said Mike Defnet, senior vice president of sales and marketing. Metz has more than 26 years in the insurance and investment business ...
  • MADISON, Wis. (7/7/14)--As the second half of 2014 gets under way, many credit unions will have a different course for the rest of the year because of recent mergers. Tri-Co FCU, a $134 million-asset credit union in Randolph, N.J., merged with $3.3 billion-asset Visions FCU, Endicott, N.Y., July 1 . All four branches of the education-based credit union and its ATM locations will remain open ( Central New York Business Journal July 2). Federal Employees CU, Des Moines, Iowa, with $19 million in assets, merged with Collins Community CU, Cedar Rapids, Iowa, with $773 million in assets. The merger was effective July 1 after an affirmative membership vote by the smaller credit union. Federal Employees CU also has branches in the Iowa City VA Medical Center and the federal building in downtown Des Moines, which will be kept open ( The Gazette June 28).  Grand Island, Neb.-based NAFCO Nebraska FCU, with $2.7 million in assets, will merge with SAC FCU, Papillion, Neb., with $705 million in assets, by Aug. 1 ( The Daily Nonpareil June 29). NAFCO Nebraska's field of membership included employees of Michigan-based SpartanNash, its affiliated stores and their immediate families. Members of Greater Minnesota CU, Mora, Minn., with $145 million in assets, voted in favor of a merger with SPIRE FCU, Falcon Heights, Minn., with $626 million in assets. The merger will make SPIRE the third-largest in the state of Minnesota, according to the credit union ...


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