More than 90 employees of the $931 million Island Federal Credit Union of Hauppauge, N.Y., participated in the 6th Annual Run for the Warriors in Lindenhurst, N.Y., on Nov. 10. The event, which the credit union also sponsored, included a 10K, 5K and one-mile walk/run. Island raised more than $40,000...
Small credit unions in Florida, New York, New Hampshire, Minnesota and Hawaii in mergers with larger credit unions as the new year nears.
Bonus dividend payouts are a true differentiator for credit unions as they compete against banks, and in a year when big banks made headlines for proposing unwanted fees, year-end member cash rewards carry even more weight for CUs looking to stand out in the marketplace.
Chris Rutledge, president/CEO for the $400 million credit union, said he views the dividend as a means to stimulate the local economy.
Navy Federal Credit Union and Gulf Winds Federal Credit Union have been playing important roles in the BP oil spill restoration.
Doing its part to support the oil spill recovery, the $350 million Gulf Winds Federal Credit Union of Pensacola, Fla. reported its donation campaign to assist the Wildlife Sanctuary of Northwest Florida has now topped $61,000.