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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CU System briefs (10/22/2008)
* BIRMINGHAM, Ala. (10/23/08)--Mutual Savings CU announced it will close a branch located at a hospital that filed for a Chapter 11 bankruptcy Monday. The branch at the Physicians Medical Center Carraway will close by the end of next week. The Birmingham-based credit union's branch will continue processing transactions until Friday and will offer loan assistance until Oct. 29. The branch closing is related directly to the hospital's closure, not to performance or stability of the branch, said the $189 million asset credit union's website. Members can go to nearby credit union locations in Forestdale and Gardendale for service, the announcement said … * MEDFORD, Ore. (10/23/08)--Rogue FCU, a $408.6 million asset credit union based in Medford, was selected as regional and state winner of the 2008 Oregon Governor's Outstanding Employee Volunteer Program by Oregon Volunteers and the State Commission for Voluntary Action and Service (Oregon Outlook October). From left are: Kerrie Davis, Rogue FCU community and education outreach coordinator; Oregon Secretary of State Bill Bradbury; and Rogue FCU President/CEO Gene Pelham. (Photo provided by the Credit Union Association of Oregon) … * ALBANY, N.Y. (10/23/08)--Nassau Educators FCU, a $1.217 billion asset credit union based in Westbury, N.Y., was presented the 2008 Ralph W. Hillman Marketing Award by Universal Sharing Network Inc. (USNet). The award recognizes a participating USNet credit union that best exemplifies the spirit and enthusiasm consistently exhibited by Hillman in his support and marketing of the shared branching network. From left are UsNet Chief Operating Officer Marc Inger and Eileen Nolan, senior vice president of Nassau Educators FCU (Photo provided by Universal Sharing Network Inc.) … * WEST LAFAYETTE, Ind. (10/23/08)--Purdue Employees FCU (PEFUC) President/CEO Bob Falk hosted a complimentary Town Hall Meeting at the Purdue Technology Center in West Lafayette Oct. 14. The event attracted 70 members and non-members, who learned about the causes and effects of this year's financial crisis, how PEFCU avoided the crisis, and how a credit union is different from a bank. Falk noted that the typical order of business for the credit union is transparency. "We're not afraid to talk about our operations now and we weren't afraid to talk about them before," he said. (Photo provided by Purdue Employees FCU) …


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