ICUL Service Corporation
 
 

Spring 2014
 
 

 

News & Notes 

ABECU and AECU host free college planning seminar.  Anheuser-Busch Employees’ Credit Union (ABECU) and its American Eagle division (AECU) recently hosted a free college planning seminar. Attendees received answers to all questions regarding the college planning process, and cost-effective funding options. Several topics were covered, including how to choose a college, federal and private student loans, the FAFSA process, important deadlines, scholarships, and grants.

Alliant CU receives award for helping women veterans.  Alliant Credit Union recently received the Business and Professional Women’s (BPW) Foundation Innovative Programming Award for its strong commitment to provide financial literacy resources for women veterans, military/veteran spouses and others. These resources are offered through BPW Foundation’s free Joining Forces Mentoring Plus® (JFMP) initiative. Services include unlimited free personal coaching and professional guidance provided by volunteer working women, as well as a diverse online inventory of tools and resources.

CUNA Brokerage honors four Illinois ‘Women of Distinction’.  For their performance and value to their investment and insurance programs, CUNA Brokerage Services recently honored 29 financial advisers with its Women of Distinction awards, including Jane Brockway – University of Illinois ECU – Champaign; Marilyn Burell – CEFCU – Pekin; Joni Hootman – CEFCU – Canton; and Kim O'Donohue – CEFCU – Lincoln. A program created by women, for women, Women of Distinction is an award recognizing the top performing female financial advisers within CBSI’s broker-dealer operation nationally, according to CUNA Mutual Group, its parent company.

CUNA Diamond awards for marketing recognizes two from Illinois.  Alliant Credit Union and Scott Credit Union recently received national honors from CUNA via the Diamond Awards for marketing. The Diamond Award represents the pinnacle of credit union marketing in more than 30 categories ranging from direct mail and web site marketing to public relations and political action. Judges evaluated over 1,100 entries based on strategy, design and production, creative concept, copy and communication, and results. Alliant Credit Union won a Diamond Award for in the category of “Community/PR-Ongoing Event: for its  Oakland Open House Events. Scott Credit Union was honored for its Platinum Preferred Credit Card television commercial and its Free Mortgage for a Year Facebook campaign.

GCS donates to Illinois Center for Autism.  The employees of GCS Credit Union recently presented the Illinois Center for Autism with a donation check for $1,030.  Throughout the year, employees of GCS are given the opportunity to wear jeans on Fridays and Saturdays for $20 and the funds collected go to a specified charity.  The Illinois Center for Autism strives to educate and serve children and adults with autism and help them achieve independence in home, school, and community life.  GCS supports numerous charitable organizations each year, which include the March of Dimes, the American Diabetes Association, and the National Children’s Cancer Society.
 
Land of Lincoln Credit Union Saves Members Over $1 Million.  Land of Lincoln Credit Union (LLCU) has saved members over $1 million in loan interest since 2013.  Recently, a member saved over $10,000 by refinancing a motorcycle loan from over 20% APR down to just over 7% APR and shortened the term by six months. The credit union even paid for the $95 title switch, costing the member nothing but a few minutes with the loan officer. The LLCU loan staff actively looks for ways to save members money, but also encourages non-members to compare their current rates and terms to see if a switch can help them save.

NuMark CU free seminar helps women prepare.  Nearly two-thirds of U.S. women ages 40 to 79 already have dealt with a major financial life crisis such as job loss, divorce, the death of a spouse, or serious illness, according to AARP. Women are less likely to have sources of retirement income such as pensions and savings, making Social Security one of their few sources of retirement income.  To that end, NuMark CU recently invited women of all ages to its free seminar, “Women & Money: Are You Covered?”  This was the second seminar in a three-part series for women.

Rockford Area Chapter takes leadership role in Money Smart Week.   When the Northern Illinois Money Smart Week (MSW) was held this year, the Rockford Chapter of Credit Unions (RACCU) was once again well represented.  This initiative covers the northern Illinois counties of Boone, Carroll, DeKalb, JoDaviess, Lee, Ogle, Stephenson, and Winnebago and has reached thousands of people in the community.  With more than 100 local partner organizations, N. Illinois MSW offered more than 160 free educational classes throughout the region on a variety of financial topics from thrifty shopping to planning for retirement.  MSW was created in 2002 by the Federal Reserve Bank of Chicago with the model spreading nationwide. The Northern Illinois effort, now in its seventh year, has shined as one of Illinois’ most successful programs, both in attendance and events.

Scott CU continues partnership of Troy Titans.  Scott Credit Union (SCU) recently presented a $1,000 check in its continued support of the Troy Titans Football Club.   SCU pledged three years of support of the club’s effort to purchase new helmets and uniforms because of the growth of the program.  The credit union has sponsored the local football club since 2009 when it pledged $4,000 to help the Titans install a scoreboard for their home field. The football club is for players who are five through 14 years old and their home field is located at Tri-Township Park in Troy.
 
SIU CU donates over $1,600 in “Jeans Because We Care Funds”.  "People Helping People" is a credit union philosophy taken seriously at SIU Credit Union. As SIU CU continues to show they are invested in the community and giving back, every year it selects two local charities to receive their Jeans Day Donation. Last year, Hospice of Southern Illinois was one of the chosen to be the recipients of the donations.  Hospice of Southern Illinois is a not-for-profit, free standing, and community-based hospice, offering Southern Illinois and St. Louis Metro-East communities a range of services for people of all ages at the end of life.

Do you have community or other news tidbits to share?  Tell us!  Indepth is always looking for credit union activities that we can share in this section each month.  Put us on your press release distribution list or submit information to
William Wille as you have it available.


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