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CU System
CU System briefs (12/27/2011)
  • SAN DIEGO (12/28/11)--San Diego County CU has retained the title sponsorship for college football's Poinsettia Bowl for 2012, the credit union announced Friday. The San Diego County CU Poinsettia Bowl--the nation's only game among the 35 post-season college football games to have a credit union as its title sponsor--was played Dec. 21, with TCU beating Louisiana Tech, 31 to 24.  The credit union has been title sponsor of the game since its inception in 2005.  The bowl is also the first college bowl game to establish a charity beneficiary. One dollar of every ticket sold goes directly to the San Diego Chapter of the Make-A-Wish Foundation, which grants wishes to children with life-threatening medical conditions. This year's game generated a $25,000 donation. More than 44 wishes have been granted to children in San Diego since the bowl began …
  • MADISON, Wis. (12/28/11)--UW CU, based in Madison, Wis., last week launched a fixed-rate, private student loan for college students, the first financial institution based in Wisconsin to offer such an option for student members. The loan is designed to help students afford college expenses after they've exhausted their federal financial aid allotment. Previously, UW CU had only a variable rate loan options.  "This fixed-rate term gives students the peace of mine in having the same rate for the life of the loan, while avoiding the upfront fees associated with alternative fixed-rate options," said Mike Long, executive vice president and chief credit officer at the more than $1 billion asset credit union …
  • MIDLAND, Mich. (12/28/11)--Members First CU, a $190 million asset credit union based in Midland, Mich., has reached the $1 million loan mark in its fourth year of offering its $1,000 Whatever Loan. The Whatever Loan is available to members for extra help, especially during the holiday season (Saginaw News Dec. 25).  Sandy Schaffer, lending manager , told the newspaper that many members count on the loan to fill their propane tanks, buy holiday gifts or pay bills …


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