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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.
Staff at CUNA Mutual aid co-workers in tornadoes, floods
WAVERLY, Iowa (7/29/08)--CUNA Mutual Group and its employees contributed nearly $32,000 to fellow workers and their families in Iowa affected by May tornadoes and $13,000 for employees affected by June flooding.
CUNA Mutual employees nationwide raised money for employees and their families who were impacted by the tornadoes' resulting devastation. Those employee contributions were matched by the company.
"We are grateful for the generosity showed by our fellow employees through their contribution of personal dollars to help CUNA Mutual staff, and for our company's willingness to match these generous donations," said Reid Koenig, vice president, customer operations.
On May 25, tornadoes ravaged a four-county area in Northeast Iowa near Waverly where CUNA Mutual employs more than 550. Then, widespread flooding hit much of Iowa in early June, including Waverly, where employees' homes and one CUNA Mutual business location had to be evacuated.
Tornado-related contributions were disbursed to employees and their families who endured significant losses. Some employees' contributions are being directed to the communities of Parkersburg, Dunkerton and New Hartford, which sustained significant damage from the tornado.
Flood-related donations, currently at $13,000, will also be matched by CUNA Mutual funds and distributed to employees.
Lissa Miller, a compliance specialist in Waverly, and her family were on the receiving end of tornado-relief contributions from the co-workers and company.
"My family was awestruck when they opened the checks. Their jaws dropped at the generosity of such wonderful people whom we work with every day. I want to express my sincere appreciation of what the company has done for my family," Miller said.
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