news.cuna.org/articles/108563-cu-system-briefs

CU System briefs

November 25, 2015

MADISON, Wis. (11/25/15)--The Filene Research Institute reminds that Dec. 4 is the deadline for credit unions and other financial services organizations to submit products or programs for its latest incubator project. “Reaching Minority Households” is a multi-year program to find viable, scalable solutions for the roughly 50% of minority American households who are un- or underbanked. “One of the great aspects of this project is that we are looking at a broad range of products and services that may, or may not, have been originally designed to reach a particular population,” said Andrew Downin, Filene innovation director. Five products or programs will be selected for pilot testing. Submissions may include deposit, loan or payments products, financial literacy, marketing and staff training. Filene will begin recruiting credit unions to test the concepts in early 2016 ...

NEENAH, EvergreenWis. (11/25/15)--The new solar array installation at Evergreen CU, Neenah, Wis., will produce enough electricity to satisfy 80% of the credit union's annual demand. The Menasha, Wis., location has 198 new solar panels. "Installing this solar array is a major step in our mission to be the most environmentally responsible credit union in the nation," said President Mike Brandt. "Combining the output of this system with our continued participation in the WE Energies Energy for Tomorrow program means that our electricity consumption will be virtually carbon free." Evergreen CU also is a zero-waste facility under the Environmental Protection Agency's guidelines and is ENERGY STAR-certified. The credit union also donates money to plant trees in national forests and parks for every new member or approved loan, and it collects rain water in barrels for water landscaping (Evergreen CU Photo) ...

REDDING, Calif. (11/25/15)--Members 1st CU, Redding, Calif., and STAR Community CU, Chico, Calif., finalized their merger this week. The merger has been approved by the National Credit Union Administration and California’s Department of Business Oversight. Operational integrations will be completed by Jan. 4. Joe Kelly, president/CEO of STAR Community, will retire in January after leading the credit union for more than 17 years.  Kelly will be designated a board emeritus while STAR Community board members Sharon O’Quin and Kirk Monfort will begin serving on the Members 1st board in January ...