Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (08/30/2010)
* SPOKANE VALLEY, Wash. (8/31/10)--Numerica CU, based in Spokane Valley, Wash., has reached the $1 billion in assets milestone, CEO Dennis Cutter announced in a video conference with staff Friday. He attributed the milestone to a merger with School Employees FCU of Richland, Wash., and to positive growth in this year's first two quarters. Cutter praised staff: "Your dedication to our members and your determination to offer financial help to all people in all walks of life have made Numerica what it is today--a positive contributor to Eastern Washington's and North Idaho's economy. Numerica has more than 85,000 members ... * WASHINGTON (8/31/10)--Maryland and District of Columbia Credit Union Association's (MDDCCUA) board has conferred "Friend of Credit Union" status to Washington, D.C. City Council Chairman Vincent Gray, who is running for the D.C. mayor seat. Gray provided strong support for a curriculum requirement for financial literacy education for D.C. public school students, MDDCCUA said. While meeting with the association, Gray said he would work with the D.C. State Board of Education to develop a course and described his vision for working with credit unions and others to develop financial literacy in all levels of the city's public schools. Gray supports incorporating parents into the lessons as well. Gray also envisions continuing to grow the district's business culture. Gray's "past support for raising the small business tax exemption from $50,000 to $225,000 shows his commitment to the small business of this city, and his understanding of how vital small businesses are to D.C.'s economy," said MDDCCUA President/CEO Mike Beall. Gray plans to make D.C. a global financial center. This type of pro-business thinking will bring more jobs and investment to the district, said MDDCCUA ... * ROANOKE, Va. (8/31/10)--Dick Williams, former CEO of the $355 million asset, Roanoke-based Member One FCU (formerly Norfolk & Western CU), died Thursday after a long illness with cancer. He was 70. He was hired in 1972 as the first president/CEO of Norfolk & Western CU, a position he held for more than 35 years until his retirement in 2008. During his tenure the credit union assets grew from $2.8 million to $335 million, and staff grew to more than 180 employees in a dozen branches. He served as president of the Credit Union Executives Society Virginia Council; as president of the Roanoke Valley Chapter of Credit Unions; as charter member of the Virginia Credit Union League Financial Literacy Council; and as charter member and treasurer of Roanoke Consumer Counseling Service. His credit union career began when he was hired by the league, first as a statewide field representative, then as education director and as director of Virginia Credit Union Services Inc. (Roanoke Times & World News Aug. 29) ... * SCHENECTADY, N.Y. (8/31/10)--Rose M. Benkovic, former manager of Upstate Telco FCU, a $5 million asset credit union based in Gloversville, N.Y., died Friday at a hospital in Amsterdam, N.Y. She was 77. Benkovic was manager of the credit union for 40 years until her retirement. She is survived by two sisters, four nieces, and many great nieces, nephews and cousins. Funeral services are today at 2 p.m., with visitation from 11 a.m. to 2 p.m., at Barter & Donnan Funeral Home, Johnstown (The Daily Gazette Aug. 29) ...


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
8 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
13 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
13 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
14 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
14 hours ago