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CU System
CU System briefs (10/02/2009)
* RANCHO CUCAMONGA, Calif. (10/5/09)--The Richard Myles Johnson (RMJ) Foundation, the state foundation for credit unions in California and Nevada, has donated $17,200 in two grants for youth financial literacy efforts. Educational Employees CU, Fresno, received $10,000 to help fund the opening of a student credit union branch at Clovis West High School. Junior Achievement (JA) of Sacramento received $7,200 for its classroom presentation program. The funds will help provide financial education to 328 students in 14 elementary school classrooms next May. Volunteers from SAFE CU, North Highlands, and The Golden 1 CU, Sacramento, will present the program. The grant will fund classroom materials for the volunteers … * PEARL RIVER, N.Y. (10/5/09)--Palisades FCU, based in Pearl River, N.Y., offered unleaded gasoline at $1.99 per gallon Saturday from 9 a.m. to 1 p.m. as a thank you to the community and its New City neighbors for accepting the credit union into the community and making the New City branch a success. The gas station is diagonally across from the branch. The credit union said before the event it expected a large turnout … * HOUSTON (10/5/09)--Houston-based Primeway FCU has created a website to assist Houstonians who have been laid off from their jobs. LaidoffinHouston.com features free financial counseling, links for state unemployment and job searches, and financial advice, as well as resume, interviewing and networking tips. Other information includes how to file for unemployment and what an unemployed individual's next financial steps should be. The credit union has $261 million in assets (Houston Business Journal Oct. 2)… * INDIANAPOLIS (10/5/09)--FORUM CU, a $1 billion asset credit union based in Indianapolis, has introduced its new Sprout youth savings account for youth ages 0 to 18 to save money for college, car, down payment on a home and more. Sprout is similar to a 529 Plan or Coverdell Education Savings Accounts in that it earns interest and applies certain penalties for early closure or withdrawals. However it does not require the owner to use the money specifically on school. FORUM CU will match 10% of deposited funds per calendar year, based on different tier levels. No minimum deposit is required. The account matures when the account owner turns 18 and automatically transfers into the owner's savings account …


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