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CU System briefs (12/16/2009)
* MANHATTAN BEACH, Calif. (12/17/09)--Kinecta FCU applauded U.S Rep. Jane Harman's (D-Calif.) vote this week opposing the Mortgage Bankruptcy Cramdown Amendment to H.R. 4173, which would have impacted credit unions and community banks. "The cramdown amendment would have impeded our ability to continue lending to our 225,000 members," said Kinecta President/CEO Simone Lagomarsino in a media statement Tuesday. "Credit unions did not make subprime loans, and during this economic crisis, we have diligently worked with our members offering loan modification programs to help them stay in their homes," Lagomarsino said. "Rep. Harman has been proactive in the community by supporting educational seminars to help people retain their homes and has recognized the negative impact this amendment would have had on the broader community." California and Nevada Credit Union Leagues President/CEO Bill Cheney noted Harman understands "the challenges facing our industry during this difficult time. We know it was a tough decision for the congresswoman, but her vote makes it clear she truly listens and responds to the needs of her constituency." The amendment was originally introduced to reduce foreclosures from the subprime crisis, but would have affected all financial institutions … * ST. LOUIS (12/17/09)--U.S. Rep. Roy Blunt (R-Mo.), a long-time credit union supporter, stopped by the Missouri Credit Union Association (MCUA) Dec. 14 to meet with representatives from 11 area credit unions (The Missouri difference Dec. 16). He is a candidate for the U.S. Senate seat currently held by Sen. Kit Bond (R), who is not running for re-election in 2010. Blunt thanked credit unions for their continued communication about financial legislation and agreed that more legislators need to learn the difference between banks and credit unions. "I have always valued my relationship with Missouri credit unions, and I hope you feel the same," he said, noting "this is a very crucial time in politics." (Photo provided by the Missouri Credit Union Association) * SIOUX CITY, Iowa (12/17/09)--Council Bluffs, Iowa, police have arrested a man with a hatchet who allegedly tried to rob Telco Triad Community CU twice Tuesday. Alert employees at the $65 million asset credit union noted the man wore wore a ski-mask and had something up his sleeve, and locked him out of the credit union both times. The second time, a nearby policeman followed him and arrested him. Police arrested Larry Eugene Burns, 21, of Denver, and charged with suspicion of conspiracy to commit robber, first-degree robbery and ongoing criminal conduct. He and a second man, James Lunsford, were also charged in connection of a robbery at a local bank at 2 p.m. Monday (Omaha World-Herald Dec. 16 and Dec. 15) … * OLYMPIA, Wash. (12/17/09)--Washington State Employees CU, based in Olympia, has opened its new headquarters downtown after six years of planning. The five-story, 130,000-square-foot building, which is near its old headquarters, was opened in stages, a spokeswoman told The Olympian (Dec. 16). The grand opening was Wednesday. The $1.4 billion asset credit union invested $65 million to buy the land. The old building will house the credit union's data center, with space available for leasing, and some retail space will be available in the new building, CEO Kevin Foster-Keddie told the newspaper. The new facilities include a 469-stall employee parking garage. It is a LEED certified silver, a rating set by the U.S. Green Building Council … * ALBANY, N.Y. (12/17/09)--GPO FCU employee Kristi Cieslak is the grand prize winner of FIS' "Did You Know" warehouse dash, reported Covera Card Solutions. FIS is Covera's card processing partner. The warehouse is filled with "awards" available to cardholders and includes items such as a MACbook air laptop, Movado watches, pearl and diamond earrings, an all-clad cookware set, a Sony Blu-Ray Disc home theatre system and more. FIS received thousands of entries in the campaign, which was created to drive credit union employee knowledge and promotion of FIS' credit/debit card rewards program, Scorecard. Cieslak is shown with GPO FCU CEO John Prumo, who surprised her with flowers as he shared the news she had won. (Photo provided by Covera Card Solutions) …


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