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CU System Archive

CU System

CU System briefs (11/28/2011)

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  • HARRISBURG, Pa. (11/29/11)--An alert member service representative (MSR) at LANCO FCU thwarted an identity theft scam, according to the Pennsylvania Credit Union Association (Life is a Highway Nov. 28). A new member opened an account Wednesday at the $63.3 million asset credit union based in Lancaster, Pa., showing a license with a Lancaster address. The next day the new member visited one of its branches and attempted to cash a check from Comcast for more than $2,000. The MSR questioned the check and told the member she needed to verify funds or place a hold on it. While the MSR was on the phone, the member became agitated and threatened to cash it elsewhere. Later, the same member attempted the same transaction without success at another LANCO branch. The credit union contacted the police and learned the ID was fraudulent and the person whose ID was used is from Philadelphia …
  • SANTA CRUZ, Calif.(11/29/11)--Santa Cruz (Calif.)Community CU announced its board has named Elizabeth "Beth" Carr as its new CEO. Carr brings 23 years of credit union experience, most recently as senior vice president, retail services at Ventura County CU and as president of a wholly owned subsidiary offering insurance, protection packages and car buying services. She also served as vice president, marketing/business development. Santa Cruz Community CU has $87 million in assets, more than 9,500 members and branches in Santa Cruz and Watsonville …
  • ALEXANDRIA, Va. (11/29/11)--During October, CommonWealth One FCU awarded prizes to 21 winners who played its online Turbo Charged Web Hunt Game for a chance to win one of 10 $15 gas cards, five $50 Jiffy Lube Cards, five $50 Visa Gift Cards, and a $500 Visa Gift Card grand prize.  At the beginning of each week, members were given two new clues to look for red car icons on cofcu.org. When they located the car's icon, they moused over the icon (which produced a racing car sound effect) to add it to their game piece. There were 10 cars hidden on various pages of the credit union's website. After the game ended, winners were drawn from players who found all 10 cards.  Grand Prize winner was Katherine Russell …

Bank abandons branch lawmakers push for service

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HARRISBURG, Pa. (11/29/11)--Two Pennsylvania lawmakers have written a letter to Wells Fargo, trying to get the bank to reconsider abandoning its full-service branch in Shickshinny, Pa., which was flooded earlier this fall. Local officials say they hope a credit union or other bank can step in to fill a void in financial services in the community.

Well Fargo's branch is slated for the wrecking ball after being severely damaged in the Sept. 8-9 Tropical Storm Lee flooding, the fourth time in eight years the branch has been flooded, said the Republican Herald (Nov. 25). The bank told the newspaper that the nearly 100-year-old  building was under  more than seven and a half feet of water from the storm and rebuilding would be too costly.

Instead, the bank plans to replace the building with a park and an ATM.  That didn't sit well with local residents, and state Sen. Lisa Baker (R-Lehman Township) and state Rep. Karen Boback (R-Harvey's Lake) have written a letter to the president of Wells Fargo's Pennsylvania, asking the bank to reconsider and saying it is the only financial institution in the community.

Borough Mayor Beverly Moore told the newspaper that he bank's attitude shows it doesn't care about the community.  A lot of people used the bank because of where it was. The bank's nearest branch is 12 miles away in Plymouth, and some residents would have to go in the opposite direction from where they work to go to the bank. She said she hopes another bank or credit union will step in.

The Pennsylvania Credit Union Association noted in its newsletter, Life is a Highway (Nov. 28), that the nearest credit union is Vantage Trust FCU, which is headquartered in Wilkes-Barre. It has a branch in Nanticoke and serves the entire county of Luzerne.

Three nominations received for CUNA Board elections

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MADISON, Wis. (11/29/11)--The Credit Union National Association (CUNA) has received three nominations for the CUNA Board elections, all from incumbents.

Nominations received so far are from:

  • Pete Dzuris, Northland Area FCU, Oscoda, Mich., for a seat in District 4, Class B;
  • Brett Martinez, Redwood CU, Santa Rosa, Calif., for District 6, Class C; and
  • Winona Nava, Guadalupe CU, Santa Fe, N.M., District 5, Class A.
Deadline for nominations is Dec. 16.

CUs holiday efforts continue to fight hunger (11/28/2011)

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MADISON, Wis.  (11/29/11)--The national day of giving thanks and gorging is over. Thanks to many credit unions' efforts some people unable to get a decent meal or get home for the holidays were able to celebrate the holiday with food, and food pantries' shelves were replenished.

Here are a few examples of what credit unions did to help.

  • Staff from Great Lakes CU, North Chicago, hosted its "Giving Dinner" in
    Click to view larger image Employees and family members of Great Lakes CU, North Chicago, served a free "Giving Dinner" Nov. 20 at the Greenbelt Cultural Center  to about 300 low-income and homeless individuals and families in the area. (Photo provided by Great Lakes CU)
    partnership with the Lake County Forest Preserve District at the Greenbelt Cultural Center in North Chicago, Ill. The free holiday buffet fed about 300 low-income and homeless individuals in the area who were encouraged to attend the event by local missions and shelters. Live entertainment, games and storytelling for kids, and singing performances were among the highlights at the dinner. Great Lakes CU members and staff also donated coats, hats and warm clothing, which were distributed to individuals and families in need as part of the credit union's "Warmth Drive."
  • Belvoir FCU, Woodbridge, Va., sponsored and provided a catered Thanksgiving dinner Thursday for 70 soldiers who were unable to go home during the holidays on Fort Belvoir. Employees and their families arrived Thanksgiving evening to serve the traditional holiday dinner: turkey, ham, mashed potatoes, stuffing, vegetables, macaroni and cheese, rolls, and assorted desserts.
  • Postal CU (PCU), Woodbury, Minn., donated $6,000 for Thanksgiving to local food shelves in the communities it serves through the PCU Community Foundation. Food shelves in Eagan, Hugo, North St. Paul, West St. Paul and Woodbury each received $1,000.  Also, the credit union asked its members to vote online for food shelves in the state through Nov. 30. The winning food shelf will receive an additional $1,000.  "We hear from food shelf coordinators and volunteers that need is greater than ever and they often struggle to keep up with the demand," said PCU President Russ Plunkett. "We thought Thanksgiving would be a good time to express our thanks to our members for their ongoing support of important causes, and ask for help in restocking local food shelves during this busy holiday season."
  • The Maine Credit Unions' Campaign for Ending Hunger  will be the recipient of funds raised this week through an online auction of books signed by Maine's leading authors as part of the first annual Online Literary Auction to Fight Hunger. Authors have signed 47 books for the event, coordinated by Islandport Press, a Maine publisher, said the Maine Credit Union League (Weekly Update Nov. 25). They include Richard Russo, Tess Gerritsen, Chris Van Dusen, Gerry Boyle, Colin Woodard and Paul Doiron. The first book to be auctioned Monday was Russo's That Old Cape Magic. For more detail, go to Islandport's website
  • Board members and staff at Luso American CU, Peabody, Mass., volunteered
    Staff and board members of Luso American CU served food at the Haven From Hunger in Peabody, Mass., last week. They included, from left: Luciano Dinis, Maria Melo, Carlos Pinto, and Alfonso Barcamonte. (Photo provided by LUSO American CU)
    their services at Haven From Hunger the Monday before Thanksgiving.  "In difficult times like these, it is good to be committed to supporting local non-profits, and we are passionate about the work that Haven From Hunger does for our community," said Luso American Manager Ivone Silva. "We think this is one small way we can reinforce the credit union philosophy of people helping people." The Haven From Hunger is a privately funded non-profit organization that  provides a nightly meal to anyone struggling financially. It is now the largest food pantry on the North Shore of Massachusetts, serving many communities.
  • Gulf Winds FCU, Pensacola, Fla., presented $25,000 to help non-profit food bank
    Click to view larger image Gulf Winds FCU, Pensacola, Fla., presented $25,000 to help MANNA feed the hungry on Nov. 23 at its "Fill the Mayflower" Holiday Food Drive.  From left are Brent Lane of Cat Country 98.7 and president of MANNA; Jay Bradshaw of Coastal Moving & Storage/ Pensacola Moving & Storage and MANNA board member; The Cat Country Cat;  Fred Houston, board chairman, Gulf Winds: DeDe Flounlacker, executive director, MANNA; Chris Rutledge, president/CEO, Gulf Winds; and Gulf Winds Board members Larry Maltby, Ozzie Oswald, Shelly Fountain and Gerald Eady.  (Photo provided by Gulf Winds FCU)
    MANNA feed the hungry at its "Fill the Mayflower" Holiday Food Drive on Nov. 23. "We are experiencing unprecedented demands in service and have had a food shortage," said MANNA Executive Director DeDe Flounlacker. "This generous donation by Gulf Winds literally had our team jumping up and down with excitement because we know the impact it will have on our efforts and the communities we serve." Gulf Winds President/CEO Chris Rutledge noted that "MANNA is doing important work in our community and we wanted to help" it continue its mission.
  • Credit unions across Texas took hunger on in October, celebrating International Credit Union Day on Oct. 20 by "Collaborating to Fight Hunger" with the Texas Credit Union League (thestreet.com Nov. 22). Early reports indicated credit unions raised thousands of pounds of food for food banks and tens of thousands of dollars to help local hunger organizations provide meals. The Pineywoods Chapter of Credit Unions collected 1,500 pounds of food to help East Texas families, while the Fort Worth Chapter presented the Tarrant Area Food Bank with funding and 650 pounds of food.  The El Paso Chapter showed up with a truck bed full of food and  $500 for the Rescue Mission.

PMIs bankruptcy has no impact on CMG MI daily ops

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MADISON, Wis. (11/29/11)--Mortgage insurer PMI Group Inc.'s (PMI) bankruptcy will have no effect on CUNA Mutual Group's Mortgage Insurance (CMG MI), which was created by PMI and CUNA Mutual in 1993, CUNA Mutual said.

"The bankruptcy filing affects the holding company for PMI," Kim Shaul, senior vice president and general manager, CMG MI, told News Now. "CMG Mortgage Insurance Company (CMG MI) is a joint venture between PMI's mortgage insurance company and CUNA Mutual. The filing will have no impact on the day-to-day operations of CMG MI."

PMI filed for Chapter 11 bankruptcy Wednesday after an Arizona judge rejected PMI's attempt to overturn the October seizure of its mortgage-insurance unit by state regulators (Huffington Post Nov. 23).

PMI lost $412.1 million from continuing operations between January and June, according to a regulatory filing. Because Arizona locked employees out of their offices following last month's seizure, PMI said it could not prepare its third-quarter financial report (Reuters Nov. 10).

CMG MI responded Oct. 21 to the Maricopa County, Ariz., superior court order directing the Arizona Director of the Department of Insurance to take possession and control of PMI (News Now Oct. 27).

PMI currently owns a 50% stake in CMG MI, the other 50% being owned by Madison, Wis.-based CUNA Mutual.

CMG MI's executive leadership emphasized that the company's operations remain strong and that the company's focus on credit unions' mortgage insurance needs is unaffected. CMG MI is a stand-alone, corporate entity with its own capital and dedicated staffing from its shareholders.

CUs holiday efforts continue to fight hunger

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MADISON, Wis.  (11/29/11)--The national day of giving thanks and gorging is over. Thanks to many credit unions' efforts some people unable to get a decent meal or get home for the holidays were able to celebrate the holiday with food, and food pantries' shelves were replenished.

Here are a few examples of what credit unions did to help.

  • Staff from Great Lakes CU, located in North Chicago, Ill., hosted the credit union's "Giving Dinner" in
    Click to view larger image Employees and family members of Great Lakes CU, North Chicago, served a free "Giving Dinner" Nov. 20 at the Greenbelt Cultural Center  to about 300 low-income and homeless individuals and families in the area. (Photo provided by Great Lakes CU)
    partnership with the Lake County Forest Preserve District at the Greenbelt Cultural Center in North Chicago, Ill. The free holiday buffet fed about 300 low-income and homeless individuals in the area who were encouraged to attend the event by local missions and shelters. Live entertainment, games and storytelling for kids, and singing performances were among the highlights at the dinner. Great Lakes CU members and staff also donated coats, hats and other warm clothing, which the credit union distributed to individuals and families in need as part of the credit union's "Warmth Drive."
  • Belvoir FCU, Woodbridge, Va., sponsored and provided a catered Thanksgiving dinner Thursday for 70 soldiers who were unable to go home during the holidays on Fort Belvoir. Employees and their families arrived Thanksgiving evening to serve the traditional holiday dinner: turkey, ham, mashed potatoes, stuffing, vegetables, macaroni and cheese, rolls, and assorted desserts.
  • Postal CU (PCU), Woodbury, Minn., donated $6,000 for Thanksgiving to local food shelves in the communities it serves through the PCU Community Foundation. Food shelves in Eagan, Hugo, North St. Paul, West St. Paul and Woodbury each received $1,000.  Also, the credit union asked its members to vote online for food shelves in the state through Nov. 30. The winning food shelf will receive an additional $1,000.  "We hear from food shelf coordinators and volunteers that need is greater than ever and they often struggle to keep up with the demand," said PCU President Russ Plunkett. "We thought Thanksgiving would be a good time to express our thanks to our members for their ongoing support of important causes, and ask for help in restocking local food shelves during this busy holiday season."
  • The Maine Credit Unions' Campaign for Ending Hunger  will be the recipient of funds raised this week through an online auction of books signed by Maine's leading authors as part of the first annual Online Literary Auction to Fight Hunger. Authors have signed 47 books for the event, coordinated by Islandport Press, a Maine publisher, said the Maine Credit Union League (Weekly Update Nov. 25). They include Richard Russo, Tess Gerritsen, Chris Van Dusen, Gerry Boyle, Colin Woodard and Paul Doiron. The first book to be auctioned Monday was Russo's That Old Cape Magic. For more detail, go to Islandport's website.
  • Board members and staff at Luso American CU, Peabody, Mass., volunteered
    Staff and board members of Luso American CU served food at the Haven From Hunger in Peabody, Mass., last week. They included, from left: Luciano Dinis, Maria Melo, Carlos Pinto, and Alfonso Barcamonte. (Photo provided by LUSO American CU)
    their services at Haven From Hunger the Monday before Thanksgiving.  "In difficult times like these, it is good to be committed to supporting local non-profits, and we are passionate about the work that Haven From Hunger does for our community," said Luso American Manager Ivone Silva. "We think this is one small way we can reinforce the credit union philosophy of people helping people." The Haven From Hunger is a privately funded non-profit organization that  provides a nightly meal to anyone struggling financially. It is now the largest food pantry on the North Shore of Massachusetts, serving many communities.
  • Gulf Winds FCU, Pensacola, Fla., presented $25,000 to help non-profit food bank
    Click to view larger image Gulf Winds FCU presented $25,000 to help MANNA feed the hungry Nov. 23 at its "Fill the Mayflower" Holiday Food Drive.  From left: Brent Lane of Cat Country 98.7 and president of MANNA; Jay Bradshaw of Coastal Moving & Storage/ Pensacola Moving & Storage and MANNA board member; The Cat Country Cat;  Fred Houston, board chairman, Gulf Winds: DeDe Flounlacker, executive director, MANNA; Chris Rutledge, president/CEO, Gulf Winds; and Gulf Winds Board members Larry Maltby, Ozzie Oswald, Shelly Fountain and Gerald Eady.  (Photo provided by Gulf Winds FCU)
    MANNA feed the hungry at its "Fill the Mayflower" Holiday Food Drive on Nov. 23. "We are experiencing unprecedented demands in service and have had a food shortage," said MANNA Executive Director DeDe Flounlacker. "This generous donation by Gulf Winds literally had our team jumping up and down with excitement because we know the impact it will have on our efforts and the communities we serve." Gulf Winds President/CEO Chris Rutledge noted that "MANNA is doing important work in our community and we wanted to help" it continue its mission.
  • Credit unions across Texas took hunger on in October, celebrating International Credit Union Day on Oct. 20 by "Collaborating to Fight Hunger" with the Texas Credit Union League (thestreet.com Nov. 22). Early reports indicated credit unions raised thousands of pounds of food for food banks and tens of thousands of dollars to help local hunger organizations provide meals. The Pineywoods Chapter of Credit Unions collected 1,500 pounds of food to help East Texas families, while the Fort Worth Chapter presented the Tarrant Area Food Bank with funding and 650 pounds of food.  The El Paso Chapter showed up with a truck bed full of food and  $500 for the Rescue Mission.

Oregon Community CU goes WILD on sales

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EUGENE, Ore. (11/29/11)--Oregon Community CU, Eugene, Ore., motivated its work force in the third quarter with sales contest that gave everyone employees at all levels of the organization a clear target for success.

The WILD contest was an acronym for goals that every team member could track: worth, income, loans and deposits. The letters represented excellence in company pride, referrals for loans and loan protection products, internal service and dollars--either deposits brought in or expense reduction.

The competition was based on increasing sales of profitable ancillary products. Operations staff had achieved measurable results through sales incentives, but the WILD contest gave the back office an opportunity to get involved.

"We wanted to create an entire organization of sales people," said Breanna Cline, branch manager and WILD contest leader. "We wanted everyone to know that they had a role and the ability to help our team be successful as we pursued our sales goals."

Employees were split into groups that combined the customer-service-driven operations area with the internal-service-driven back office. Teams were assigned an animal-themed name.

The creative team behind the scenes set aggressive but attainable goals for the teams. Management kept their teams focused by monitoring, tracking, and sharing results regularly. Oregon Community CU partnered with its ancillary product vendors, Route 66 and State National, to fund prizes weekly.

Operations staff were rewarded for certain benchmarks. WILD cards were awarded if employees sold a particular product, so it was important to build a connection with the back office staff to earn more referrals.

Employees also built relationships with teammates from other branches--a change that differed from previous contests that measured success by branch. Employees who were usually divided by 10 branch locations in the cities of Eugene, Springfield, and Salem became allies.

Support staff could win "WILD" cards if they recognized a fellow co-worker for outstanding internal service. Both team members would receive a card. If back-office staff shared something that made Oregon Community CU great they would receive a card. This showed Oregon Community CU's employees that "sales" didn't have to be a dirty word, but could simply mean taking pride in the organization.

The chances for success were improved by training back-office employees on the benefits of the products and services, which empowered the staff to become more comfortable selling the credit union's value to others.

Senior management also joined the cause. The executive team was divided among different groups, which spurred involvement from the top down. Tellers regularly received encouragement from the Oregon Community executive team.

Managers from different departments also were divided up throughout the teams. They traced their department's progress while cheering on their "animal." While this was commonplace for branch management, it was new to most back-office managers. It became another opportunity for back-office employees to step out of their comfort zone for their team's best interests.

The WILD contest achieved results. Ancillary product sales increased 25% during the quarter. Non-real estate loans reached $27 million, a 23% increase over previous month, and the highest level year to date.

WILD organizers were so pleased with the results that they extended the contest to mid-September.

Irish league survey Holiday spending will put 1 in 3 into debt

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DUBLIN, Ireland (11/29/11)--Because of holiday spending, roughly one in three people in Ireland will go into debt, according to a new survey conducted by the Irish League of Credit Unions.

Figures from the league indicate that 38% of those surveyed will borrow to finance gifts, food and other seasonal expenses (thejournal.ie and irishtimes.com Nov. 21).

Respondents said they would spend an average of $749 during the holidays. For 18% of respondents that figure was between $933 and $1,333. The average spending on "Santa" presents per child is nearly $219.

That level of spending would put 38% of people in debt, with one third saying it would take two to three months for them to get out of debt, and 12% saying they would need four months or more to recover, the league's survey said.

Also, 77% of respondents said they felt better about their financial situation this year than they did last year.

Ireland's survey comes on the heels of the 2011 Consumer Federation of America (CFA)/Credit Union National Association (CUNA) holiday spending survey, which found that spending continues to improve following the great recession, but spending plans are still considerably below where they were before the recession (News Now Nov. 22).

This CFA/CUNA survey announced Nov. 21, indicated 8% of respondents plan to spend more on gifts and holiday items, with 41% of respondents saying they would spend less this holiday season. The results are nearly identical to the 2010 consumer predictions, when the CFA/CUNA survey found that one in 10 consumers would increase their holiday spending, and 41% at that time said they would cut their holiday spending.

To read the News Now article about the CUNA/CFA holiday spending survey, use the link.

Iowa foundation announces 2012 board

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DES MOINES, Iowa (11/29/11)--The Iowa Credit Union Foundation (ICUF) announced three new board members at its annual meeting Nov.15. Board members serve three years.

New ICUF board members include:

  • Jason Norton, vice president of marketing and business development, DuTrac CU, Dubuque;
  • Mike Moroney, CEO, Alliant CU, Dubuque; and
  • Matthew Cervantez, commercial loan officer, Linn Area CU, Cedar Rapids.




Board members are elected by the board of directors. The remainder of the 2012 Iowa Credit Union Foundation board includes:

  • President, Dale Owen, Ascentra CU, Bettendorf;
  • Vice president, Helen Pearce Cedar Falls Community CU, Cedar Falls;
  • Treasurer, Lana Ross Iowa Community Action Association, Des Moines;
  • Secretary, Christina Fernandez-Morrow Lutheran Services in Iowa, Des Moines; and
  • Angela Drury, 1st Gateway CU, Camanche.

Michigan auto dealer thrives with MBLs from CU

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OSCODA, Mich. (11/29/11)--A second-generation Michigan auto dealer is thriving with the help of financing from a local credit union.

A  partnership with Northland Area CU, Oscoda, Mich., has helped Lincoln Truck and SUV grow into  $1.5 million annual business. Lenny Bobick Jr., owner of Lincoln Truck & SUV, stands with office manager Pamela Joslin.
Lincoln Truck and SUV is owned by Lenny Bobick Jr. The property was once the site of a Gulf gas station owned by Bobick's parents. After his father, Leonard Bobick Sr. passed away in 1989, Lenny bought the business from his mother, Josephine. In 2001, Northland Area FCU, Oscoda, Mich., arranged a business line of credit that allowed the younger Bobick to purchase inventory (Michigan Credit Union League Michigan Monitor Nov. 28).

Bobick made renovations and expansions, including the addition of a 3,200-square-foot auto service center that helped strengthen customer service and build the auto dealer's brand. He also bought additional property and added a 30-vehicle display lot. Northland helped finance each new project with member business loans.

"Northland Area FCU has helped our business grow, without a doubt," Bobick told the Michigan Credit Union League . "Northland Area FCU has helped us get access to capital, increase our inventory to meet demand and physically grow. Lincoln Truck and SUV has a solid relationship with Northland going back many years, and their continuing support has been the key to our ability to succeed, even in tough economic times. I think every small business needs three things: Honesty, good products--and a solid credit union in your corner."

Today, Lincoln Truck and SUV is a $1.5 million-a-year business, specializing in pre-owned, affordable vehicles in the $10,000 to $20,000 range.

Lenny Bobick Jr. started Lincoln Truck and SUV  by purchasing his father's gas station through a small business loan from Northland Area FCU. (Photos provided by Michigan Credit Union League)
Bobick has made a name for himself by personally finding vehicles for his customers, using his contacts and attending auctions.

"Our credit union is proud to help small businesses in our community at a time when others are saying no," said Don Grant, head of Northland Area FCU's lending department. "We've helped area businesses with over $28 million in loans. Local businesses like Lincoln Truck and SUV are the engines literally driving our local economy and creating jobs. Credit unions like Northland want to do even more to help small businesses and anyone with a good business idea."

Credit unions' small-business lending could potentially grow even more with the right policies, said the Michigan league. The U.S. Senate Banking Committee is considering raising credit unions' MBL cap to 27.5% of assets, up from the current cap of only 12.25%. Increasing the small-business lending cap could potentially pump $13 billion into the economy and create 140,000 new jobs in small businesses without any taxpayer costs, according to the Credit Union National Association (CUNA).

NCUF Members Trust offer Charitable Lead Trust CIF option

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MADISON, Wis. (11/29/11)--In an alliance with MEMBERS Trust Co., FSB, the National Credit Union Foundation (NCUF) has expanded its Community Investment Fund (CIF) options to include a Charitable Lead Trust commonly used by foundations nationwide. 

Through CIF, credit unions can participate in and support the programs and grants that NCUF and the state credit union foundations provide.

With the new Charitable Lead Trust option, NCUF will receive annual payments calculated as a percentage of the market value of the assets held in the trust for three to five years. Unless a donor credit union elects to renew the trust at the end of this payout period, the remaining assets in the trust will be returned to the credit union. 

The first investors in the new Charitable Lead Trust option are GTE FCU in Tampa, Fla., and BECU, Tukwila, Wash.

Earlier this year, NCUF and MEMBERS Trust entered into a strategic alliance to offer two new CIF options--an insured certificate of deposit Custodian Account and a Part 703 compliant Investment Trust. Both options are still available, with $15 million currently invested from credit unions.

Overall, $30 million is invested in the three MEMBERS Trust Co. CIF options, which includes $15 million invested by BECU and GTE FCU in the new Charitable Lead Trust option.