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News Now

CU System
CU System briefs (12/07/2009)
* NEW BEDFORD, Mass. (12/8/09)--Southern Mass CU (SMCU) recently had a groundbreaking ceremony for the credit union’s first branch in 80 years. The building, located in New Bedford, Mass., will have four teller stations, three drive-up teller lanes and a drive-up ATM. It is expected to be finished next summer (SouthCoastToday.com Nov. 30). The credit union, founded in 1922 as Southern Massachusetts Telephone Workers’ CU, had office space in an older telephone building until it moved its headquarters to a new location in Fairhaven, Mass., in 1991. The credit union has $157 million in assets ... * NEWARK, Del. (12/8/09)--Louviers FCU has opened the first student-run credit union at Newark High School in Delware (Delaware Online Dec. 3). The credit union will offer auto loans and free checking to faculty, students and immediate family members. The credit union also will help students studying banking in school. Six tellers work at the credit union, which is open three days per week. Louviers, based in Newark, Del., has $181 million in assets ... * SUITLAND, Md. (12/8/09)--Andrews FCU, Suitland, Md., joined with Armed Forces Financial Network to present $3,000 in holiday gift cards to Joint Base Andrews Fisher House. Andrews FCU also presented another $3,000 in gift cards for a total of $6,000. The cards will be distributed to families at Fisher House while their loved ones are treated at a local medical center. “We hope these gift cards will help defray some of the personal expenses incurred by these families and make their stay more comfortable,” the credit union said. Andrews FCU has $841 million in assets. From left are: Chris McDonald, Andrews FCU president/CEO; Janet Grampp, Joint Base Andrews Fisher House manager; and Rosalind Bishop, Andrews FCU branch manager. (Photo provided by Andrews FCU) ...


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