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CO-OP 'MIRACLE MATCH' REACHES $3M
updated 01/28/14 08:43 AM
150 CUs Participated in 2013
Credit unions raised $3 million for Children's Miracle Network Hospitals in 2013, of which $1 million was matched by CO-OP Financial Services' "Miracle Match" program. The funds benefited 98 different children’s hospitals in 34 states.

Nearly 70 new credit unions joined the program.

"CO-OP Financial Services established CO-OP Miracle Match on behalf of our member credit unions in 2008 as a way to encourage Credit Unions for Kids fundraisers,” said Stan Hollen, CEO of CO-OP Financial Services. “This marks the third year in a row that the combined totals of CO-OP and participating credit unions surpassed the $3 million mark in donations.”

In addition to the $1 million CO-OP Miracle Match program, CO-OP Financial Services made $164,500 in contributions to Children Miracle Network Hospitals in 2013 through event sponsorships and donations at its own THINK Conference.

CO-OP Financial Services is also enabling an add-on transaction that allows credit union members to make a contribution to Children Miracle Network Hospitals at certain ATMs.

Click here to apply for matching grants in 2014 under the CO-OP Miracle Match program.

                           
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LEADERS ENGAGE WITH STATE LAWMAKERS updated 04/15/14 09:44 AM
Card Security a Hot Topic
Credit union professionals and volunteers took a stand for their members in Sacramento from April 7-8 during the California Credit Union League’s 2014 Government Relations Rally (GRR)—an event that attracted more than 75 attendees and helped build relationships with state legislators.

CO-OP ANNOUNCES SHAREHOLDER DIVIDEND updated 04/14/14 01:37 PM
Patronage Pool of $30.5 Million
CO-OP Financial Services has announced a shareholder dividend pool of $30.5 million for 2013—a 17 percent increase from 2012. Since becoming a credit union-owned cooperative in 1996, CO-OP’s total shareholder patronage has been $284.8 million.

DBO REPS ADDRESS 'CUOLI' INVESTMENTS updated 04/14/14 01:05 PM
State CU Update Given
California Department of Business Oversight (DBO) Commissioner Jan Owen and Deputy Commissioner of Credit Unions Erick Orellana gave attendees an overview of the department during the California Credit Union League’s 2014 Government Relations Rally (GRR) last week in Sacramento and welcomed questions from attendees.

CONGRESSMEN CONCERNED OVER RBC RULES updated 04/09/14 01:18 PM
Questions Arise During Hearing
Reps. Ed Royce, R-CA, and Brad Sherman, D-CA, questioned National Credit Union Administration (NCUA) General Counsel Mike McKenna on the effectiveness of the NCUA's proposed risk-based capital rule during a House Financial Services Committee hearing last week.