November 16th, 202230177MADISON, WI (November 15, 2022) – A new report published today by the National Credit Union Foundation (the Foundation) shows that credit unions can measurably increase their employees’ financial well-being through initiatives as simple as a prompting email.
The Foundation’s Start at Home report summarizes a two-year long grant project that explored whether positive saving behaviors—primarily splitting an employee’s direct deposit so a portion goes directly into savings—could be established through basic prompts.
Three credit unions participated in the project: Alabama Credit Union, Credit Human and Educational Employees...
January 31st, 202231243Today, five leaders from the credit union industry were the first to commit to the FinHealth Fund—a new designated fund held at the National Credit Union Foundation, focused on improving financial well-being for all by scaling existing work across the credit union movement.
A joint statement issued by executives at CUNA Mutual Group (Madison, Wis.) and four credit unions (BCU, Chicago, Ill.; Coastal FCU and Local Government FCU, Raleigh N.C.; Redwood CU, Santa Rosa, Calif.) said, “The financial health of 166 million Americans is fragile and uncertain. Now is the time to act boldly, to come together as a cooperative movement and...
April 13th, 202132248Madison, WI--Forty-eight credit union leaders were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s (the Foundation) Credit Union Development Education (DE) Training.
The March DE Training was held March 15 – April 9, 2021. The virtual training was completed by employees and volunteers from credit unions and system partners across the United States credit union movement.
DE Training is a unique experiential training program that provides lessons in credit union structure, purpose and the “why” that differentiates credit unions from other financial institutions....
November 19th, 202058249Credit Union National Association's (CUNA) National Awards Committee announced First Commerce Credit Union in Tallahassee, Fla., as one of its 2020 CUNA Award winners.
First Commerce Credit Union won a first-place Dora Maxwell Award, which is presented to credit unions for outstanding social responsibility projects in their communities. First Commerce was one of five credit unions nation-wide to win this outstanding award.
The credit union was one of 15 to win a national CUNA award in any category.
“Congratulations to the 2020 CUNA Award winners who are being recognized for their commitment to their communities, particularly in a...
June 23rd, 2020215401
LSCU President Jared Ross as recently added to the Credit Union National Associatoin's "COVID-19 Restart and Recovery Task Force.
The task force brings together representatives from the three-tiered system of credit unions, Leagues, and CUNA, along with system providers and affiliated organizations, to discuss strategies, resources and best practices for credit unions as state and local governments begin to lift stay home orders and ease safety restrictions on business operations established in response to the COVID-19 pandemic.
“As we continue to look to what the world looks like under a new normal, credit unions have a...
June 22nd, 202031155The African-American Credit Union Coalition will host a new virtual event in August that will launch a series of discussions among credit union professionals about how they can address economic, health and social inequalities that affect minorities in their communities.
“As Black professionals, we are eager to share insights from our unique experiences and exchange strategies with allies to help us build a more diverse and inclusive workforce so that we can impact the communities where we live,” Renée Sattiewhite, AACUC President/CEO, said. “I’m confident this new virtual format affords us even greater opportunity to reach more...
June 4th, 202052135The Board of Directors of San Antonio Citizens Federal Credit Union has named Patricia Sarne President and CEO.
Sarne, who served as executive vice President, succeeded Tim Baldwin, as of his retirement May 31. Patricia Sarne began her career at SACFCU on April 4, 1994, and holds a degree from the University of Maryland and is an Alumni of the Southeastern CUNA Management School. Over her 26 years at the credit union, Sarne has served in many operational and management positions, touching virtually every function in the credit union.
“I would like to thank the Board of Directors for allowing me the privilege of serving as the next...
March 25th, 202033115America’s credit unions have been working diligently to meet the financial needs of the states’ families and businesses impacted by the coronavirus pandemic.
The League of Southeastern Credit Unions (LSCU) is the regional trade association representing credit unions in the states of Alabama, Florida and Georgia. On behalf of our member credit unions, we want to share the following important information with you. The Georgia Credit Union Association – a subsidiary of LSCU representing Georgia credit unions – recently partnered with the state’s banking trade associations to spread similar information.
Here are some key...
September 23rd, 201912135
Shared Cooperative Services (SCS), a new wholly owned
subsidiary of Affiliates Consolidated Services (ACS), will now offer shared
branching services for credit unions in Alabama and Georgia. ACS is the holding
company for the League of Southeastern Credit Unions & Affiliates (LSCU
& Affiliates), which recently acquired the shared branching networks in
Alabama and Georgia as part of its strategic consolidation with the Georgia
League.
SCS acquired the shared branching contracts from CU Service
Centers of Alabama (CUSC), which offered shared branching services in Alabama,
and Cooperative Services, Inc. (CSI), a Georgia-based credit...
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