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'Local Service, Global Good' is theme of 2014 International CU Day

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MADISON, Wis. (6/16/14)--The 2014 International Credit Union (ICU) Day theme--"Local Service. Global Good"--announced last week by the World Council of Credit Unions, emphasizes the positive effect credit unions have in their communities and worldwide.
 
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ICU Day is celebrated annually on the third Thursday of October and will take place this year on Oct. 16. "ICU Day was established to acknowledge credit unions' strong base in their communities, both local and global," said Brian Branch, World Council president/CEO. "This year's theme champions the credit union model by shining light on the industry's support of charity causes at the local, national and international levels."
 
The council solicited theme ideas from its member organizations earlier this year. This year's chosen message celebrates credit unions' constant drive to help make communities better places for their members worldwide. The World Council encourages credit unions and their national associations to implement ICU Day fundraising campaigns in support of a local or national charity. It will later ask the country's national associations to report the amount of charitable contributions raised to include in a global report.
 
Official ICU Day graphics and posters in English and Spanish are available for download on World Council's website. Promotional materials, fundraising ideas and other tips to help celebrate International Credit Union Day will soon be available. Credit union representatives and members everywhere are encouraged to share photos, events and other celebration ideas on Twitter and Facebook using #ICUDay.

CU System Briefs (06/16/2014)

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  • EAU CLAIRE, Wis. (6/16/14)-- Shadoe Settle has been named Royal CU's first Young and Free spokesperson, or spokester. As the spokesperson for Young and Free Royal, Settle becomes a paid team member of Eau Claire, Wis.-based Royal CU, with $1.4 billion in assets, for one year. She will serve as a reporter and advocate for her age group, attending events and creating regular online videos and blogs to keep content fresh at YoungFreeRoyal.com . Young and Free, a campaign launched in 2007 by Canadian marketing firm Currency Marketing, is a blend of social media and product promotion built around Gen Y spokesters, who create buzz through word-of-mouth promotion …
  • ARLINGTON, Va. (6/16/14)-- The National Association of State Credit Union Supervisors (NASCUS) recently approved the reaccreditation of the Michigan Department of Insurance and Financial Services Office of Credit Unions (DIFS OCU). Michigan was the first state to earn NASCUS accreditation in 1989. The DIFS OCU, which is led by Director John Kolhoff, supervises 187 credit unions with combined assets of roughly $35 billion …
  • CEDAR RAPIDS, Iowa (6/16/14)-- Members of Federal Employees CU, Des Moines, Iowa, with $19 million in assets, have voted to merge with Collins Community CU , Cedar Rapids, Iowa, with $773 million in assets. On July 1, Federal Employees CU will officially be Collins Community CU, which will have 13 locations in Iowa …
  • DENVER (6/16/14)-- C. Alan Peppers, president/CEO of Westerra CU, Denver, with $1.2 billion in assets, is retiring effective July 1. Westerra CU's board of directors named John McCloy, the credit union's chief credit and administrative officer, as Peppers' replacement. Peppers will become emeritus president/CEO at the time of his retirement …

DuTrac Community CU celebrates successful 1st year of high school branch

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DAVENPORT, Iowa (6/16/14)--A little over 203 members. Just $30,000 in deposits. For a financial institution, these numbers don't seem very significant.

But for the Davenport (Iowa) West High School students running this DuTrac Community CU branch, which recently celebrated its one-year anniversary, the financial lessons learned are incredibly important ( Quad-City Business Journal June 12).

Just ask Jason Norton, senior vice president of marketing and business development for the Dubuque, Iowa-based, $594 million-asset credit union.

"This is meant to be a real-world experience for them," Norton told the Quad-City Business Journal . "It's a real-life branch, not like a dummy system or a limited system. It's actually connected to our larger DuTrac branch, and these students are making real-life financial transactions at the branch."

The goals of this in-school credit union branch, which operates three days a week largely during the school's lunch hours, are to teach students about financial literacy and how to best manage their money, and to provide hands-on opportunities to students to see how credit unions function.

With only four employees, the first in-school branch in Iowa offers students and school staff savings and checking accounts, which are accessible with debit cards.

"I wanted to learn more about how to manage money," Libby Burken, a student and branch employee, told the Quad-City Business Journal. "My mom has always tried to teach it to me, but it never clicked. When I joined this, it helped me learn more about it and it just clicked."

The credit union also offers an online budgeting tool that helps students save toward goals such as a yearbook, class ring or prom dress. Small-dollar loans to help students pay for such items also has been discussed recently.

Alaska CU league provides scholarships for business simulation

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ANCHORAGE, Alaska (6/16/14)--Sixteen high school students will receive a crash course on corporate life this summer thanks to the Alaska Credit Union League, which has provided scholarship funds as part of Alaska Business Week ( Anchorage Daily News June 12).

The league has sponsored the event since 2010.

"Alaska Business Week is a unique opportunity for high school students to learn the basic principles of private sector business and develop their leadership skills," said league Chair Lauren MacVay.

Starting in late July, students will spend a week on the University of Alaska-Fairbanks' campus, living in dorms, getting a feel for college life and receiving college credit.

There, the students will experience a simulated corporate business environment, learn how to build teams and gain valuable leadership and life skills. Students also will compete in teams in various business challenges.

Alaska business professionals will serve as advisers. Registration is open to all Alaska high school students.

N.J. league briefs lieutenant gov. at chamber meeting

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TRENTON, N.J. (6/16/14)--New Jersey Credit Union League President/CEO Greg Michlig and Director of Government Affairs Chris Abeel provided New Jersey Lt. Gov. Kim Guadagno with a briefing on the credit union

 
Click to view larger image New Jersey Credit Union League (NJCUL) President/CEO Greg Michlig with New Jersey Lt. Gov. Kim Guadagno and NJCUL Director of Government Affairs Chris Abeel. (New Jersey Credit Union League photo)

industry and the system's legislative and regulatory agenda at the New Jersey State Chamber of Commerce's annual open house and legislative reception Thursday.
 
The league will be scheduling a meeting with Guadagno to continue the conversation ( The Daily Exchange June 13).
 
The annual open house and legislative reception was held at the state museum at the State House.
 
The reception traditionally falls on the last legislative day before lawmakers break for the summer, and is attended by business and community leaders, lobbyists, state lawmakers, cabinet member, and senior legislative and executive branch staffers.

CUs donate record $180K to Make-A-Wish New Hampshire

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MARLBOROUGH, Mass. (6/16/14)--New Hampshire credit unions donated a record $180,000 to Make-A-Wish New Hampshire this year, exceeding the state league's goal of $160,000 ( CU Scan June 13).

The New Hampshire Credit Union League formalized the gift this week when it handed the organization, which grants the grand wishes of sick children, a large check after a charity golf event.

The donation was made in memory of the late Northeast CU CEO Peter Kavalauskas, who recently passed away after announcing his retirement after 35 years of work for the $986 million-asset credit union in Portsmouth, Mass.

Several "Wish Children" attended the golf outing, passing out lemonade on the golf course to participants. After the event, Hannah, who had her wish granted, thanked all those who made her dream come true.

"Because of you, I was able to go to Disney World and see Cinderella's castle and have a princess makeover," said Hannah, who received a standing ovation in return.

The contribution by the league brings its total amount donated to Make-A-Wish over the past 18 years to $1.97 million.

"We thank you for being our partner," said Julie Baron, Make-A-Wish New Hampshire CEO. "Your donation orchestrates the greatest return--a child's joyful heart."

Added Baron: "The league, and its member credit unions, remains the top corporate partner of Make-A-Wish New Hampshire with the largest donation to date."

 
Hanging out with Wish Child Hannah are Ron Covey, St. Mary's Bank CU and New Hampshire Credit Union League social responsibility committee chairman, left, and committee members Nancy Nadeau, Bellwether Community CU, and Jody Ducharme, Granite State CU. (New Hampshire Credit Union League photo)

CUNA training raises $5K for NCUF charitable efforts

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MADISON, Wis. (6/16/14)--The Credit Union National Association announced last week it has donated $5,000 to the National Credit Union Foundation, a total amassed as a result of credit unions participating in CUNA training courses throughout April.

CUNA pledged $1--up to $5,000--to the NCUF every time a credit union took an online or print course in April, which also was National Financial Literacy Month.

More than 16,000 courses were called up in the month by credit unions.

"Continuing education and training for credit union professionals is so important," said Gigi Hyland, NCUF executive director. "I want to thank each and every credit union who participated in training this April as part of the 'Pay it Forward' campaign. Your hard work and dedication will go a long way in helping NCUF and state credit union foundations improve people's financial lives."

The NCUF will split the funds with state credit union foundations to "benefit all of their efforts to improve people's financial lives."

"It's an honor to be able to make this contribution toward the noble pursuits of the National Credit Union Foundation," said Marlo Foltz, CUNA vice president of blended learning, "and to know that it came about through the advancement of credit unions nationwide. We're proud to consider ourselves a part of the NCUF mission and of all the credit unions that contributed toward this donation."

For more information on CUNA's training courses, use the resource link.