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California Nevada CUs win Maxwell Herring awards
ONTARIO, Calif. (8/16/10)--Five California and Nevada credit unions won Dora Maxwell Awards recognizing credit unions for socially responsible community projects, and Louise Herring Awards honoring credit unions for practical application of the philosophy of “People Helping People.” The winners will now compete in the national credit union recognition programs, said the California and Nevada Credit Union Leagues. L.A. Financial CU won first-place state awards in the Dora Maxwell Social Responsibility Recognition Award, and also in the Louise Herring for Philosophy in Action Award program. Credit Union of Southern California, Grossmont Schools FCU, Silver State Schools CU, and Mission SF Federal CU each won first-place statewide honors in the annual Dora Maxwell program. The judges felt that the winning entries stood out for their commitment to the credit union ideals, exceptional results, and entry presentation, said the leagues. L.A. Financial CU, Pasadena, Calif., won a first-place Dora Maxwell award in the $200 million to $500 million asset category for its partnership with Operation Hope’s Banking on our Future program. The goal is to teach young people about money at no cost to school districts, with a focus on urban and underserved communities. The credit union also won first place in the Louise Herring Award in the greater than $250 million asset category for its Break Up with My Bank program, an internal program that helps to differentiate the credit union from other financial services providers. The Credit Union of Southern California, Brea, Calif., won first place in the $500 million and above asset category in the Dora Maxwell Award program for its holiday gift event that helped more than 100 families during the 2009 holiday season. Grossmont Schools FCU, El Cajon, Calif., received its first-place Dora Maxwell award in the $50 million to $100 million asset category for its employee stimulus book that helped local educators hard hit by budget cuts at area school districts reduce the cost of everyday expenditures. San Francisco-based Mission SF FCU earned a first-place Dora Maxwell award in the $5 million- to $20-million asset category for its Prize-Linked Accounts for Youth (PLAY) program for children and youth that pairs savings accounts and financial skill-building with incentives and peer support. Silver State Schools FCU, Las Vegas, will represent Nevada at the national level after earning a first-place Dora Maxwell award in the more than $500-million asset category. It was recognized for its high school financial literacy program. Coming in second place in the Dora Maxwell program in the asset category of more than $500 million was Travis CU, Vacaville, Calif., for its Money Matters program for foster youth. Second place in the Louise Herring Award program in the asset category of greater than $250 million went to Redwood CU, Santa Rosa, Calif., for its assistance and education programs for its members dealing with the effects of the recession. San Jose, Calif.-based Meriwest CU was recognized with the sole honorable mention handed out--in the Dora Maxwell $500 million and above asset category--for its Financial Education for All program. The awards program is administered at the state level by the California and Nevada Credit Union Leagues, and nationally by the Credit Union National Association. Entries were submitted to the leagues and judged by a committee from the Arizona Credit Union League.
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