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CU System briefs (09/15/2010)
* YOSEMITE VALLEY, Calif. (9/16/10)--Yosemite CU, a division of
Modesto, Calif.-based Valley First CU, sponsored an exchange of the new Yosemite quarter--the third coin released as part of the America the Beautiful Quarters Program. The ceremony in Yosemite Valley to launch the quarter drew 1,200 people. Credit union staff worked with National Park Rangers to plan and coordinate the sales. Loomis Armored Transport was on site for the event. Five quarters commemorating 56 national parks and other national sites will be released each year through 2020, with coins issued in the order in which the sites were first established as national treasures. According to Hank Barrett, president/CEO of more than $380 million assetValley First CU, the historical event was a "natural fit between our branch located in Yosemite National Park and the U.S. Mint." Yosemite CU became a division of Valley First in fourth quarter 2009. (Photo provided by Yosemite CU, a division of Valley First CU) ... * SALT LAKE CITY (9/16/10)--Mountain America CU has launched a free mobile money service in partnership with Obopay Inc., a pioneer in mobile money solutions. The service, available immediately, provides members with access by leveraging Obopay's Mobile Money for Banks. Using a mobile phone, members can transfer money from their accounts to anyone securely. Recipients do not need to be members or be signed up for the service to receive funds. They can direct the funds into any credit union or bank account either instantly using their debit card numbers or within three business days using their bank account numbers. They also can employ their mobile phones to receive debit card and electronic check payments, send money instantly to family members for emergencies or regularly scheduled payments, and donate funds to charitable organizations via texting ... * MADISON, Wis. (9/16/10)--CUNA Mutual Group is No. 208 on this year's InformationWeek 500, an annual list of the nation's most innovative users of business technology. The new rank marks the eighth year that CUNA Mutual has been named to the list. The 2010 list was announced Tuesday at the InformationWeek 500 Conference in Dana Point, Calif. "This award is a clear example of our strong partnership between IT (information technology) and our business lines to provide product excellence to better serve our credit unions and their members," said Rick Roy, CUNA Mutual senior vice president and chief information officer. The company's application for 2020 featured enhancements to CUNA Mutual's technology that allows credit unions to customize their loan origination system and their members to calculate loan payment options, complete loan requests electronically and receive online decisions and loan documents ... * ONTARIO, Calif. (9/16/10)--The logos of 20 California credit
unions will trek along the tracks on the Credit Union Train around the Fairplex Garden Railroad during this year's Los Angeles County Fair, which runs through Oct. 3. In addition to the credit union logos, logos from three credit union organizations--CO-OP Financial Services in Rancho Cucamonga; CUDL in Ontario: and Turner, Warren Accountancy in Burbank--also will be featured. The train is an annual tradition that helps publicize credit unions and the movement as it runs on an 8,000 foot track during the month-long fair, said Tena Lozano, executive director of the Richard Myles Johnson Foundation, the state foundation for California and Nevada credit unions. The train is a brainchild of Bob Toohey, a volunteer at the Fairplex Garden Railroad and board member of SCE FCU, Irwindale. The 30,000-square-foot Garden Railroad was established in 1935 and is considered the oldest and largest outdoor railroad of its kind. It serves as a fundraiser for the foundation (Photo provided by the California and Nevada Credit Union Leagues) ...


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