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CU System
CU System briefs (07/17/2009)
* DES MOINES, Iowa (7/20/09)--The Iowa Credit Union Foundation (ICUF) recently received the 2009 State Partnership Award from the Iowa Community Action Association (ICAA). The award recognizes the foundation's leadership and collaboration with ICAA and community action agencies around the state to promote the Individual Development Account (IDA) Program. In 2008, ICUF launched the Credit Union Family Partnership IDA Program, which matches the savings of low-income Iowans. The savings and matching funds must be used to: purchase a specific asset such as a home, start or expand a small business, pay for education or job training, or purchase a vehicle to get to work. The program has nine pilot credit unions. Pictured, from left, are Lana Ross, executive director of ICAA; Marybeth Foster, executive director of the foundation; and Arlene McAtee, Mid-Iowa Community Action Inc. (Photo provided by the Iowa Credit Union League) … * WINSTON-SALEM, N.C. (7/20/09)--Truliant FCU, a $1.2 billion asset credit union based in Winston-Salem, experienced a 32% increase in the number of mortgages it closed for June, compared with June 2008 (Carolina Newswire July 15). Troy Martens, vice president of consumer and real estate lending for Truliant, said the uptick in business is due to two main factors: "we have very competitive rates, and our members know that our goal is to put them in a loan that they can actually afford" … * HERNDON, Va. (7/20/09)--The Northwest FCU Foundation awarded more than $87,000 in scholarships at its 2009 annual ceremony and luncheon. Twenty students from across the country were honored. They included 15 recipients of the $5,000 Ben DeFelice Scholarship, two of which were sponsored by Northwest Financial LLC, and five recipients of the $2,500 CIRA Scholarship, sponsored by the Central Intelligence Retirees Association. The DeFelice scholarship is named for the credit union's longest serving volunteer board member. Shown with the scholarship winners with Gerrianne Burks, president/CEO of the foundation, and Juri Valdov, vice chairman of the foundation's board. (Photo provided by the Northwest FCU Foundation) …


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