News & Notes
Consumers Cooperative CU hosts "Financially Fit" seminar. Credit is essential for almost every major financial transaction, from buying a car to purchasing a home and a whole lot in between - including proper use of credit cards. While maintaining a strong credit profile is an essential part of our lives, it's not a very simple task. That's why Consumers Credit Union (CCU) has invited the public and its members to a FREE seminar, "Financially Fit Credit Cards" on Wednesday, November 14 at the Holiday Inn - Gurnee. Those attending "Financially Fit Credit Cards" will learn helpful tips about selecting the best credit card, how to find the best card based on usage, how to find the right line of credit to meet personal needs, and how to understand the complicated language in disclosure statements - even how to use credit cards to improve credit ratings. Gateway Metro FCU Makes a Difference at the Light the Night Walk. Gateway Metro Federal Credit Union demonstrated the credit union "people helping people" philosophy when employees rallied together to support the Leukemia and Lymphoma Society at the Light the Night charity walk in Forest Park. Gateway Metro Federal contributed over $1,500 to help the Leukemia and Lymphoma Society fight leukemia, lymphoma, Hodgkin’s disease and myeloma. This was Gateway Metro Federal’s seventh year participating in the Light the Night walk. It gives employees and their friends and family members a chance to get together outside of work and have a good time while doing something for a worthwhile cause.
Illinois Educators CU President celebrates 35 years. Gene Taylor, President and CEO of Illinois Educators Credit Union (IECU), celebrated 35 years of service to IECU on September 1, 2012. Taylor began working at the former Springfield Teachers’ Credit Union part-time in 1977 while he was a teacher at Springfield High School. He became president of the organization in 1980 while still teaching, and was made a full-time employee in 1983. Under Taylor’s leadership, the credit union has grown significantly, undergoing mergers with Sangstun Credit Union in 1993 and the Illinois Education Association Credit Union in 2008. In 2012, the organization changed its name from Sangamon Schools Credit Union to Illinois Educators Credit Union. IECU serves 7,500 members and holds assets of nearly $50 million. The board of directors and staff wish to thank Gene for his continued dedication and service.
Meadows CU, CU Realty partner to save members time and money. Through a new partnership with CU Realty Services, Meadows Credit Union has begun providing members with an online real estate program. Now, members have added convenience when searching for a home and Realtor® as well as opportunities to save money on closing costs. The web-based package provides members access to a network of approved agents, who take lower commissions – to reduce closing costs for members. By encouraging members to use the CU Realty program right from the credit union’s Web site, Meadows CU will be its members’ FIRST POINT OF CONTACT® in the home buying or selling journey. That, in turn, makes it more likely that the credit union will originate the mortgage loan. Credit unions that participate in the program report significant increases in their purchase mortgage business – some by as much as 40 percent. For more information about the CU Realty Services program, visit www.curealty.com.
Rockford’s 6th annual Money Smart Week to be held April 20 – 27, 2013. Over the past five years, Money Smart Week (MSW) has reached thousands of people in the community offering hundreds of free educational programs on current financial issues through the collaboration of over 80 local businesses and organizations. Additional partners are being sought for 2013 that believe in the importance of financial literacy in our community and therefore have an interest in making 2013 even better. Anyone interested in being involved with Rockford MSW 2013 is invited to attend the next partner meeting on Thursday, November 8, at 10:00 a.m. at the Whitehead Realtors building, 839 N. Perryville Rd. Meetings will be held on the 2nd Thursday of the month at the same time and location through April 2013. Current partners include businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media. To learn about Money Smart Week, a program of the Federal Reserve Bank of Chicago, visit www.moneysmartweek.org.
Scott CU ceremony marks opening of new home in Edwardsville. A crowd of about 75 was on hand recently to see representatives from Scott Credit Union (SCU) officially open its new 50,000-square-foot home office at the Edwardsville Corporate Centre. The location now houses about 100 executive, administrative, and operational employees and includes the local credit union’s 15th branch office on Route 143 at Staunton Road near Interstate 55. The Home Office branch includes drive up lanes and a 24-hour ATM. Scott Credit Union President & CEO Frank Padak announced that the new home office will be named the Betty Renth Building. Current SCU Board Chairman Betty Renth, who has been involved in the credit union’s growth from one location on Scott Air Force Base, to now building a 15th location, was honored and presented with a photo of the artist’s rendering of the building. Padak noted that the building is designed to be environmentally friendly and to provide SCU employees with an exceptional work experience. Representatives from SCU also recognized its commitment to the Edwardsville community with a $5,000 check to the Glen-Ed Pantry.
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