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CU System briefs (07/15/2014)
  • SAN ANTONIO (7/15/14)-- Steve Hennigan, president/CEO of the San Antonio FCU, with $2.8 billion in assets, has been selected to join the Federal Reserve Bank of Dallas' Community Depository Institutions Advisory Council ( San Antonio Business Journal July 11). The council was formed as part of an initiative by the Dallas Fed to enhance communication and feedback with community bankers. The council provides senior Dallas Fed officials with grassroots information on a variety of topics, including economic and banking conditions, regulatory policies and payments issues. The council is composed of 12 representatives from financial institutions of various sizes in Texas, northern Louisiana and southern New Mexico ...
  • FARMERS BRANCH, Texas (7/15/14)-- People's Trust FCU in Houston, with $478 million in assets, has become the 28th credit union to earn the Cornerstone Credit Union League's Juntos Avanzamos designation ( Leaguer July 14). Juntos Avanzamos means "Together We Advance," and this designation is awarded by Cornerstone to credit unions in the region that have successfully completed a rigorous application process that confirms they have the capacity, commitment, and compassion to serve the financial needs of Hispanic families. People's Trust CU has five branches, serving those who live, work, worship or attend school in Houston. Of its 89 employees, 38 are Hispanic and 26 are bilingual. Over the past year, People's Trust FCU CEO Angela McCathran said the credit union has worked extremely hard to earn the Juntos Avanzamos designation. "Being able to fly the Juntos Avanzamos flag will show not only our members, but the general population, just how committed we are to serving the Hispanic community," she said ...
  • HARRISBURG, Pa. (7/15/14)-- The Pennsylvania Credit Union Association's membership ratified a bylaw amendment that extends eligibility for Association director terms to four terms of three years each from three terms. Current directors, who have reached 12 years of service by June 1, will not be eligible for this additional term ( Life is a Highway June 14) ...

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