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CU System briefs (10/08/2009)
* ST. LOUIS (10/9/09)--Vantage CU, with assets of $628 million, and the $50 million asset Spirit of St. Louis CU will merge, announced Vantage CU President/CEO Hubert Hoosman Jr. The merger will be final Dec. 1. "This merger is a mutually beneficial endeavor for both credit unions," said Hoosman. "It's a positive move for Vantage CU in that we'll be able to expand our reach out to Eureka and better serve our West County members." Spirit of St. Louis members will benefit from new locations, additional services and conveniences such as mortgages, investment services, and free money-management and educational services, he said. Vantage, which has more than 111,500 members, is based in St. Louis. Spirit of St. Louis, with 8,000 members served by two locations, is located in Eureka, Mo. It was founded in 1933 by a group of Kroger Food Stores employees in St. Louis. Vantage will now serve members from 16 branches in the greater St. Louis region and 19 counties in eastern Missouri as well as Madison and St. Clair Counties in Illinois … * KANSAS CITY, Mo. (10/9/09)--More than 60 attendees of the Kansas City Chapter of Credit Unions Legislative Breakfast Tuesday met face-to-face with state representatives and discussed credit union and state issues, including the shortfall in state revenue (The Missouri difference Oct. 7). Glenna Osborn, Missouri Central CU, Lee's Summit, noted that one legislator said credit unions need to continually educate representatives about credit union issues and issues impacting their members. Among the lawmakers present were state Reps. Gary Dusenberg (R-54), Jeff Grisamore (R-47), Paul LeVota (D-52), Jerry Nolte (R-33), Bryan Pratt (R-55) and Ray Salva (D-51). Pictured here are, from left: Laura Eblen of Central Missouri Community CU; Dusenberg; Judy Jett of Central Missouri Community CU; and Billy Wilson and Bob Durbin of Mazuma CU. (Photo provided by the Missouri Credit Union Association) … * TEMPE, Ariz. (10/9/09)--A backpack left in a trash can inside Tempe (Ariz.) Schools CU by a man who robbed the credit union had a fake bomb inside it, according to police. The man, armed with a handgun, walked into the credit union at about 10:40 a.m. Wednesday and demanded money from the teller. As he left, he deposited the backpack in the trash can before fleeing on foot. The credit union was evacuated and the Mesa bomb squad responded. The squad discovered the back pack contained a large battery that was smaller than a car battery. No one was injured (The Arizona Republic Oct. 8) … * FARGO, N.D. (10/9/09)--Denver Lee Tergesen, 25, who pleaded guilty to robbing the First Community CU of Jamestown, N.D. in December, was sentenced to 40 months in prison by a federal court judge and ordered to get mental health treatment. Defense attorneys argued that Tergesen suffers from chronic post traumatic stress disorder as a result of 14 months' military service in Iraq and has a gambling addiction. He robbed the credit union of about $10,000. He was arrested in a stolen car near Detroit Lakes, Minn. (Associated Press Newswires Oct. 7) … * CAPITOLA, Calif. (10/9/09)--BAY FCU was named Business of the Year by the Aptos (Calif.) Chamber of Commerce Sept. 25. Chamber
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Executive Director Karen Hibble noted Bay Federal's "strong support to many local organizations and schools through donations and volunteerism" and said it is "remarkable that 100% of employees have participated in community support activities for each of the last six years." "We are very proud of our dedicated and community minded employees--they are the reason that Bay Federal continues to make a real difference in Santa Cruz County," said Carrie Birkhofer, president/CEO of Bay Federal. Shown from left are: Maureen McCarty, a representative of California Sen. Abel Maldonado's office; California Assemblyman Bill Monning; Santa Cruz County Supervisor Ellen Pirie; and Birkhofer. Behind the podium is Renee Kilmer, vice president of Cabrillo College and Aptos Chamber president. (Photo provided by Bay FCU) …


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