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Members in the News Catalyst Corporate Federal Credit Union Scroll down to view the latest on how credit unions and industry affiliates across California and Nevada are making a difference in the communities they serve!

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FIRST ENTERTAINMENT CU
updated 05/18/16 02:32 PM
First Entertainment CU has announced the appointment of Frank Wasson as its new president and CEO. He will assume responsibilities on June 13, 2016, and will succeed Chuck Bruen, recipient of the Leo H. Shapiro Lifetime Achievement Award, who will remain as an executive consultant.

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FINANCIAL PARTNERS CU
updated 05/18/16 02:26 PM
Financial Partners CU, a long-time supporter of Children’s Hospital Orange County (CHOC) took full advantage of National Nurses week to acknowledge their members, the nurses of CHOC. The credit union celebrated with a raffle of a gift basket that included various health related items such as yoga goodies, healthy foods and even a Fitbit to track activity, exercise, food, weight and sleep and the much requested Money Booth. Nurses day celebrations where held at over 20 different hospitals Financial Partners CU has a presence in. In other news, Financial Partners CU sponsored the second annual “Big Science Fest,” the Los Angeles area’s largest science festival.

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TUCOEMAS FCU
updated 05/17/16 09:04 AM
Tucoemas FCU has hired a new Chief Executive Officer Brice Yocum who assumed the new position as of May 2, 2016. Yocum was hired after an extensive search and interview process conducted at the direction of the Board of Directors.

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GREATER NEVADA CU
updated 05/17/16 09:04 AM
Greater Nevada CU has been recognized as one the best places to work in northern Nevada. This year the credit union once again earned that honor and was named one of the top three employers, and the only financial institution, in the large business category. The Best Places to Work in Northern Nevada Awards is sponsored by the Northern Nevada Human Resources Association, and the program measures a wide range of research-validated workplace factors that impact employee engagement and satisfaction.

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ILWU CU
updated 05/17/16 09:03 AM
ILWU CU and ILWU-FSC FCU announced that a merger between the two credit unions was completed on Feb. 1, 2016. The merger was approved by The National Credit Union Administration (NCUA) and the California Department of Business Oversight (DBO).

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ALTURA CU
updated 05/17/16 09:02 AM
Altura CU has launched the easy-to-use, personal payment service, Popmoney, for its members. Popmoney eliminates the hassles of checks and cash, and makes sending and receiving money as easy as emailing and texting. To access Popmoney, Altura CU members simply need to enroll in Web Bill Pay, which is free. They can use Popmoney to send funds by email, mobile device or directly to another person’s bank account for a small fee of less than $1. Popmoney also can be used to receive money, which is usually free for the person receiving money. In other news, an estimated 20,000 people celebrated local history recently at the fourth annual Riverside Tamale Festival, which this year was presented and sponsored by Altura CU. The festival featured more than 50 vendors, a beer garden, a lineup of entertainment and the signature contests for best vendor tamale, best homemade tamale and a tamale-eating round. On the operational side, Altura CU reported net income of $3.229 million on assets of $1.205 billion for the quarter ended March 31, 2016. Income for the quarter was budgeted at $840,000 due to ongoing costs related to Altura CU’s 2015 merger with Visterra CU. That projection was exceeded by a wide margin as overall performance in the first quarter was substantially better than expected.

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MERIWEST CU
updated 05/17/16 09:02 AM
Meriwest CU’s request for grant funds to be used to help local working families earning less than the median income access to home ownership was approved by the Federal Home Loan Bank of San Francisco. A total of $150, 000 will be granted for the Workforce Initiative Subsidy for Homeownership Program (WISH) and $30,000 for the Individual Development and Empowerment Account Program (IDEA). The granted funds are utilized as down payment assistance for qualified working families in the communities Meriwest CU serves.

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SILVER STATE SCHOOLS CU
updated 05/17/16 09:01 AM
Silver State Schools CU released financial results for the first quarter ending March 31, 2016. The credit union showed continued progress, reporting its 16th consecutive quarter of positive earnings. Silver State Schools CU reported net income of $2.74 million in the first quarter of 2016 as compared to net income of $2.88 million for the first quarter of 2015, and $4.19 million for the fourth quarter of 2015.

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SkyOne FCU employees celebrate National Financial Literacy Month.
SKYONE FCU
updated 05/17/16 09:00 AM
SkyOne FCU celebrated National Financial Literacy Month by raising more than $1,000 to benefit the National Credit Union Foundation (NCUF), the Richard Myles Johnson (RMJ) Foundation, and hosting Bite of Reality financial literacy workshops. To meet its $500 fundraising goal for Financial Fitness Day on April 6, SkyOne FCU sold casual jeans days and raffle tickets to win an iPad to employees to raise funds for the NCUF and RMJ Foundation. In just two weeks, SkyOne FCU employees donated $1,024, more than doubling their goal.

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L-R: Redwood CU’s AVP/Community Programs Meg Cadiz; President and CEO Brett Martinez; EVP and COO Cynthia Negri; RCU Community Fund Inc. representative Cindy Butner; and SVP of Marketing and Communications Robin McKenzie.
REDWOOD CU
updated 05/17/16 08:59 AM
Redwood CU received a Community Philanthropy Award for their extensive Lake County fire relief efforts and commitment to supporting their North Bay communities. Sponsored by the North Bay Business Journal, the award recognizes local companies who give back to the local community, not out of obligation, but out of a deep and inspiring commitment to helping others. In other news, Redwood CU welcomes Terri Mitchell to the mortgage lending team as mortgage loan officer. With solid experience in mortgage lending and the Sonoma County real estate market, Mitchell will work closely with the local community to increase awareness of the credit union’s home loan programs and guide members towards appropriate home loan options. Additionally, Redwood CU has re-elected five volunteer officials for three year terms, 2016 to 2019. Incumbents Rod Dole, Dave Imoto and Lisa Wittke Schaffner were re-elected to the credit union’s board of directors, and incumbents Martin Grove and Steve Sharpe were re-elected to Redwood CU’s supervisory committee. Lastly, Redwood CU relocated its Santa Rosa Mendocino Ave. branch just one block north of the previous location. The new site was previously occupied by Marie Calendar’s. The new full-service location is designed to better accommodate the credit union’s growing membership, with a more open floorplan for improved interactivity between Members and staff, a technology bar with tablets for members to use for various transactions and loan applications, a children’s activity area, and improved parking access.

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