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CU System briefs (08/19/2010)
* ST. LOUIS (8/20/10)--Credit unions in Springfield, Mo., met Tuesday with Billy Long, Republican candidate for the U.S. Congress District 7 seat vacated by Roy Blunt (R), at
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Postal Federal Community CU. There he learned more about credit unions from industry experts, according to the Missouri Credit Union Association. Long said he hopes to add a business perspective to Capitol Hill and that too many unintended consequences are passed in legislation. Credit unions explained the fundamental differences between banks and credit unions and highlighted the challenges of blanket financial reform. "We deal with the member directly, and we're a cooperative," said Cathy Stroud, Community Financial CU, Springfield. "We tell the consumer the facts without the smoke and mirrors." Long is seated in the front row, second from left, with representatives from Assemblies of God CU, Community Financial CU, Educational Community CU, Metro CU, Postal Federal Community CU and TelComm CU. He faces Scott Eckersley (D) in the Nov. 2 election. (Photo provided by the Missouri Credit Union Association) ... * RALEIGH, N.C. (8/20/10)--At a recent State Employees' CU (SECU) statewide managers' meeting, SECU friends paid longtime PSCU CEO David Serlo tribute with a donation to SECU Family House in his memory. The gift will provide furnishings for one of the 40 bedrooms at the House. The gift and a plaque for the family was presented to PSCU Financial Services Group executive Chuck Fagan III, who spoke at the meeting. Fagan is shown with Leanne Phelps, senior vice president of SECU's card and record services department. Serlo lost his long-time battle with cancer in June. SECU Family House is located in Chapel Hill, N.C. The gift freed enough funds to provide 115 families a seven-night stay at the house for seriously ill patients and their caregivers. (Photo provided by State Employees' CU) ...


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