Credit Unions in the News

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

DURHAM Michael Lloyd wants to parlay a fourth-generation family recipe into a condiment company that delivers taste and nutrition. The pharmaceutical scientist used his science background to create NumNum Sauce, his version of his familys Faison & Faison BBQ Sauce, a condiment that his great-grandfather sold in grocery stores for 22 years. In 2004, Lloyd visited Daytona Beach, where his grandf

Buy Local posters sprout in shop windows around Asheville, encouraging community-minded customers to spend their dollars at homegrown businesses. Now you can not just spend your money locally but use your savings to boost locally owned businesses. The Asheville Grown Business Alliance has partnered with Self-Help Credit Union on the first locally offered certificate of deposit that will invest i