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CU System briefs (11/13/2009)
* WARMINSTER, Pa. (11/16/09)--Freedom CU and University House FCU merged on Oct. 26, announced Freedom, a $390 million asset credit union based in Warminster, Pa. University House FCU had 35 members and $80,000 in deposits, with shares that were exclusively savings. "Freedom is happy to step in and help University House," said Lee T. MacMinn, Freedom's president/CEO, in welcoming the new members. "The merger has allowed us to not only offer help to University House members, but to also show our support for the credit union movement as a whole," he said. Freedom has more than 55,000 members and operates branches in Philadelphia, Warminster, and Lansdale, Pa. … * MINNEAPOLIS-ST. PAUL (11/16/09)--Spire FCU announced Thursday the resignation of President/CEO John Gisler on Oct. 27 to pursue other opportunities. Dan Stoltz, executive vice president and chief financial officer of the $606 million asset, Falcon Heights, Minn.-based credit union, has been named interim CEO. Gisler was with Spire for 22 years, 20 of them as president/CEO. The credit union changed its name in 2008 from Twin City Co-ops FCU (Minneapolis-St. Paul Business Journal Nov. 13) … * CEDAR RAPIDS, Iowa (11/16/09)--An off-duty uniformed police officer hired by Collins Community CU as security thwarted a robbery at the credit union Thursday. The officer was inside when two men wearing bandannas tried to enter. One held a handgun, the officerd told police in Cedar Rapids, Iowa. They saw him and immediately turned and ran. The officer chased them and called for backup. The two were still at large Friday. The incident occurred less than 24 hours after another credit union in the city was robbed (KCRG-TV9 Nov. 13) … * RALEIGH, N.C. (11/16/09)--A groundbreaking ceremony was held at SECU House--the new wing at Kitty Askins Hospice Center, Goldsboro, N.C.-- to mark the center's expansion to 24 beds from 12. State Employees' CU members, through the SECU Foundation, provided a $750,000 grant to Home Health and Hospice Care Inc. (3HC) for the expansion. Pictured are, from left: Mark Twisdale, SECU Foundation executive director; Dean Lee, 3HC president; Donna Oldham, SECU vice president of Goldsboro-West Ash St. branch; Shirley Bell, chairman of the SECU Foundation Board; Bo Wessell, member, SECU Advisory Board; and Miriam Wessell, 3HC Advisory Development Board member. (Photo provided by SECU Foundation) … * DES MOINES, Iowa (11/16/09)--Affiliates Management Co. (AMC), a wholly owned holding company subsidiary of the Iowa Credit Union League, has raised more than $20,260 for United Way during its 2009
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annual fundraising campaign, setting a company record. AMC was formed to integrate and align the league's operating companies, including The Members Group (TMG), TMG Financial services, Community Business Lenders, PolicyWorks and Coopera Consulting. Pat Jury, league president and chairman of AMC, noted that 200 employees participated. They raised money through pledges and fundraisers such as this pie-eating contest. From left are Kelly Wadsworth of AMC, Warren Morrow of Coopera Consulting, Mike Powers of AMC, Todd Herren of TMG, Murray Williams of the league, and Mark Kilian of Community Business Lenders. (Photo provided by Iowa Credit Union League) … * BURNSVILLE, Minn. (11/16/09)--US FCU employees raised more than $20,691with department competitions during October for the Combined Federal Campaign (CFC) in October. The newest event: voting for one of the credit union's seven executive management team members whom they would like to see kiss a live goat, provided by a member. Winners were Marty Kelly, senior vice president of marketing and business development, and Leon Eichten, senior vice president and chief financial officer. Although only two had to kiss the goat, others volunteered to do the same, including Cheryl Reed, vice president branch member service; Sue Peters, vice president accounting; Eileen Marcus, assistant vice president and director of Member Service Center; and even Bill Raker, president/CEO. Raker is shown here taking the smooch with "Supergoat." Of the amount raised, more than $14,815 went to the credit union's designated charity, the Children's Miracle Network, while the rest went to charities designated by the donors. (Photo provided by US FCU) …


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