Credit Unions in the News

Credit Unions are asking members to contact their congressman after launching a campaign called "Don't Tax My Credit Union." The Not for Profit Institutions fear the government could pull their tax exempt status as part of a tax reform to grow government revenues. Mountain Credit Union is now celebrating it's 50th anniversary after opening its doors to serve federal government employees. It

0 comments Southeastern Community College will partner with the Whiteville branch of the State Employees? Credit Union (SECU) this summer to offer free financial literacy camps to rising eighth graders at three local schools. The camps will meet Monday through Thursday, 9 a.m.-1:30 p.m., on the following dates: June 24 ? 27 at Tabor City Middle School; July 15 ? 18 at Central Middle School ;? and

State Employees??(tm) Credit Union is teaming up with North Carolina Community College System to announce a new scholarship initiative, SECU Continuing Education Scholarships. The program is designed to help provide unemployed adults, military veterans, and members of the National Guard with short-term job training or retraining to advance their current job skills. The collaborative effort will

For being soft-spoken and unassuming, Bob Bruns sure isn?t bashful. The president and chief executive of Charlotte Metro Credit Union doesn?t hold back on his criticism of big banks. He wasn?t shy about soliciting my business (at least four pitches for me to join the credit union in under an hour). And he?s never been tentative about growing Charlotte Metro. In 30 years as CEO of the expanding

So you want to help your local economy, and you’re doing everything you can. You’re shopping at stores owned locally. You’ve bought your Go Local CD at CMCU/Self-Help. Or you’ve invested in a local business through Mountain BizWorks. You’ve talked to Peter Krull about how to move more of your money to other local-investment vehicles. You’re volunteering at a loc

The $32 million Greensboro Health Care Credit Union is changing its name to HealthShare Credit Union. The Greensboro, N.C., credit union was founded 57 years ago and since then its membership has grown to 5,300 around the United States. “Our membership is not limited to those who live in Greensboro – we have members throughout the state of North Carolina and the country. With more se

The nearly 100 people milling around outside Lenoir's United Presbyterian Church on Pennell Avenue Saturday morning could have been plucked from any town festival or farmer?s market crowd. There were parents and single people, children ran past and tossed bean bags, and women and men watched.

The trade associations for credit unions in North Carolina and South Carolina are looking at joining forces. The N.C. Credit Union League and its counterpart below the border, the S.C. Credit Union League, announced Monday that their boards of directors have recommended consolidating the two organizations. The next step is to bring the matter before their members -- the credit unions of each sta

Baabals Ice Cream and Coffee Shoppe was the site of Mountain Credit Union's first ever “cash mob” on Friday. Cash mobs, which are campaigns to support local businesses by buying their products and services, continue to grow in popularity. The $152 million Mountain CU in Waynesville, N.C., said it was inspired by state leagues, credit unions and CUSOs that have participated in s

Paula Carde?s family business in a suburb of Raleigh, N.C., almost didn?t get off the ground in 2011. No traditional bank was willing to extend a line of credit to the fledgling construction company. ?I went to SunTrust, I went to BB&T, I went to Four Oaks,? Carde recalls, ?and because our business was so new, they weren?t willing to give us enough.? The only financial institution in North Carolin

Sis was always in a hurry. She finished high school a year early and completed a two-year business program in one. Elizabeth ?Sis? Hamilton was just 17 years old when she went to work at Southern Bell. A year later, she was appointed to the board of directors for the credit union, Tri-City Teleco.

WASHINGTON - A congressional hearing on financial literacy for students, held Wednesday by U.S. Sen. Kay Hagan, D-N.C., featured as a panelist local financial official Cathy Pace. Pace takes over as chief executive of Allegacy Federal Credit Union on May 1. The panel provided testimony about the importance of integrating financial literacy education into K-12 coursework to prepare students to

Businesses need capital to grow. And strong local economies need ways to grow local businesses. But as local business owner Kudzai Mabunda learned, getting the money can be an arduous and frustrating process. Mabunda had long dreamed of owning her own business. With a master’s degree in urban planning, the Zimbabwe native wanted to start her own in-home center for mentally ill and elderly

Elizabeth “Sis” Hamilton is stepping down from 70 years of service to the credit union industry, marking the end of her tenure as the longest-serving credit union volunteer in U.S. history, according to the North Carolina Credit Union League. Hamilton was manager and then CEO of Summit Credit Union for 55 years until she retired in 2003, the NCCUL said, and has managed as many as five

Ike Keener, the long-time chief executive of Allegacy Federal Credit Union, announced his retirement Thursday, effective April 30, after 16 years at the helm and 38 years overall with the financial institution. The Winston-Salem credit union??(tm)s board of directors has named Cathy Pace, president of its credit union division, as Keener??(tm)s successor. Pace has worked at Allegacy for 34 years

Steve and Katie Breckheimer don’t consider themselves typical investors. The Saluda couple have been socially responsible investors for more than 15 years. “We had just inherited a small amount of money at that time — it was the first opportunity that we had anything to rub together,” says Katie, laughing, “and we wanted to do the right thing.” Fifteen year