News & Notes 2013 CDFI Funds and information now available. The CDFI Fund is accepting funding applications for 2013. It expects to award up to $165 million through its CDFI and Native American CDFI Assistance (NACA) Programs, and the Healthy Food Financing Initiative. The application deadline for the CDFI and NACA programs is February 28, 2013 at 11:59 p.m. EST. The CDFI Fund will provide several opportunities to learn about these programs, including: the FY 2013 CDFI Program Application Training Webinar on January 18 at 1 p.m. [EST]. Registration is required by January 15, 2013. This two-hour live webinar conducted by the CDFI Fund staff will review the FY 2013 CDFI Program application. There will also be a live question and answer session. Also offered will be CDFI Certification Conference Calls. Dates are TBD. These information sessions via question and answer format, to help potential CDFIs navigate the certification process. Click here to register. The CDFI Fund is a federal government partner of OSCUI due to its like-emphasis on serving low-income individuals. Through the CDFI and NACA Programs, the CDFI Fund provides financial awards to certified CDFIs to assist them in providing access to credit, capital, and financial services to low-income communities and populations. For more information, contact the CDFI Fund’s Help Desk by e-mail at firstname.lastname@example.org or by phone at (202) 653-0421.
Consumers Cooperative CU Financial Advisor Named "Five Star Wealth Manager". Mike Gibbons, President of Consumers Financial & Investment Services (CF & IS), recently earned the "Five Star Wealth Manager" designation by Chicago Magazine. CF & IS is a business partner of Consumers Credit Union (CCU), where he provides financial consulting and analysis to the credit union's more than 58,000 members. The coveted designation is awarded to fewer than two percent of the licensed wealth managers in the greater Chicagoland area, based on a survey of CF & IS customers conducted by Five Star Professional. Five Star Professional surveyed more than 30,800 high-wealth households in the Chicago area, evaluating more than 2,970 registered financial services professionals with five or more years experience in the industry. Participants in the survey were asked to evaluate only those wealth managers they knew through personal experience. The evaluation process and the results were driven by research conducted with clients, peers and industry experts, with both positive and negative evaluations included in the scoring.
GoDirect month slated for Janaury. The Go Direct® campaign is urging credit unions to get involved to ensure all federal benefit check recipients switch to electronic payments before the March 1, 2013 deadline. A list of easy activities is available to help remind people that they are required by law to make the switch. It's easy to inform them how to sign up for direct deposit or the Direct Express® Debit MasterCard® card. As part of this last effort is Go Direct Month in January, which will be filled with a flurry of media outreach and partner activity across the country. A new Go Direct Month tool kit is available for financial institutions and community-based organizations on www.GoDirect.org and includes free materials to get involved.
North Side Community FCU kicks off 2013 workshop schedule. North Side Community Federal Credit Union (NSCFCU) is helping its members through a number of opportunities at the start of 2013. These include one of its workshops and/or sitting in with one of its staff to develop a spending plan for the year. Workshops will include: Basics of Money Management on January 16, Financing Your Small Business on January 17, and a First Time Home Buyers Workshop on January 26. A limited space workshop series is also being offered at the end of January through early February: a 4 week practical series called "Cooking for Health: Cooking on a Budget." These workshops will be held in partnership with Near North Health Center. In addition, the credit union has housing counselors available by appointment year round for FREE for first time home buyers, pre-purchase counseling, and foreclosure prevention.
NuMark Credit Union thanks members by giving year-end bonuses. While most consumers are concerned about losing money in their paychecks, NuMark members received a special surprise on their December 31st statement: cash back from their credit union. NuMark members with a qualifying consumer loan received a 5 percent Annual Loan Interest Rebate. Those with personal checking accounts received a 5 percent checking bonus for the month of December. In recent years, NuMark Credit Union has given its members more than $800,000 in loan interest rebates, opened two new offices in Crest Hill and Tinley Park, introduced business and mobile services, and expanded their in-house mortgage services. NuMark Credit Union’s mission is to enrich the financial lives of their members.
Land of Lincoln CU announces new hires. Land of Lincoln Credit Union (LLCU) recently hired Justin Roley as Branch Manager in Effingham. Roley comes to LLCU with over three years of experience in management and over five years of experience working in a financial institution. Also new to the credit union is Julie Pruemer as Mortgage Loan Officer in Effingham. Pruemer comes to LLCU with over 25 years of experience in the banking industry with 10 years as a mortgage lender. Lastly, Karalee Misner was hired as Business Development Manager. Misner comes to LLCU from the Greater Decatur Chamber of Commerce where she was the Communications & Public Relations Manager.
Scott CU sponsors local basketball tournaments. Representatives from Scott Credit Union presented a check recently for $3,000 to Highland High School Athletic Director Steve Lanxon for sponsorship of the school’s annual girls basketball tournament. This is the fifth year that Scott Credit Union has been the namesake sponsor of the tournament, which will be held January 12-19, and the 27th year for the tournament, which is one of the premier girls basketball tournaments in the region. Representatives from the credit union also recently presented a check for $3,000 to Highland Optimist Club President Tim Hirsch for sponsorship of the annual Highland Optimist Basketball Shootout. This is the third year that Scott Credit Union is the namesake sponsor of the showcase event, which was held January 5.
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