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Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE
Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD
Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7
WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN.
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.
Two CU employees' homes damaged by wildfires
PALM BAY, Fla. (5/16/08)--Two credit union employees' homes were affected by recent wildfires in Florida, according to the Florida Credit Union League (FCUL).
Fires began burning on Tuesday, near the towns of Palm Bay and Malabar. Police have arrested a suspect in connection with deliberately setting a fire (News Now May 15).
Space Coast CU, based in Melbourne, reported to the league that two of its employees' homes were damaged by the blaze. One of the homes was completely lost, Amy Jowers, league vice president of communications, told News Now.
Community Educators CU said that several of its members were impacted by the fires, mostly through continual power outages. The outages spoiled several families' refrigerated food. A total of 162 homes in Palm Bay were affected, Jowers said.
Community Educators and Space Coast are accepting donations to help those displaced by the fire.
On Wednesday, Community Educators' Palm Bay branch opened to serve dinner to people affected by the fires. The credit union received "generous donations from Wal-Mart, Frito-Lay, Coca-Cola and Culligan Water," Jowers said.
The FCUL continues to monitor the situation.
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