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2009 ACUC Daily News
2009 ACUC Blog

News Now LiveWire

Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE 1 day ago

Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD 1 day ago

Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 1 day ago

WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN. 1 day ago

Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN. 1 day ago

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Washington State fin lit work group includes CUs

OLYMPIA, Wash. (4/29/08)--The Washington Financial Literacy Work Group has been created and includes several representatives from the state's credit union industry.

The work group was developed in response to legislation sponsored by Gov. Chris Gregoire to assess financial literacy in the state.

Group members from the credit union industry include:

  • Stacy Augustine, senior vice president and general counsel, Washington Credit Union League;

  • Cathy Brorson, outreach coordinator, Kitsap CU, Bremerton, and chairman, Credit Union Youth Development Council of Washington; and

  • Linda Jekel, director, Division of Credit Unions, Washington Department of Financial Institutions.

Specifically, the group is tasked with addressing three issues presented in Senate Bill 6272, which the governor signed on Feb. 11:

  • To identify current state-funded efforts to support financial literacy;

  • To assess whether there are opportunities to create a centralized location of information regarding the existing state efforts; and

  • To identify whether opportunities exist for expanding partnerships with other community entities that also provide financial literacy services.

The work group will determine the status of financial literacy in the state and define what action is necessary to increase financial literacy at all age levels. The group will provide regular interim reports on its findings and submit a final report to the governor and legislature by Dec. 1.



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