Press Releases

Utah Credit Unions Name Former Republican Strategist as President

(Salt Lake City, Utah) -- The Utah League of Credit Unions today announced that Scott Simpson, former Executive Director of the Utah Republican Party, has been named as League President. Simpson, 34, joined the League as Senior Vice President for Governmental Affairs last April.

Said Steve Christensen, Board Chairman for the League, “We are excited to have Scott take the helm as president. He brings with him experience and a record of accomplishment that is truly impressive. Given the challenges we face year to year with state lawmakers, we believe Scott’s political background will be vital, but his first priority will always be to meet the needs of our member institutions in all areas. We think Scott can fill both roles extremely well.”

Simpson formerly served two stints as executive director for the state’s Republican Party, punctuated by a year as special assistant to Senator Orrin Hatch (R-Utah). He directed the party’s election efforts in both the 2000 and 2002 election cycles, producing significant electoral gains in both.

Observers are quick to note the party background Simpson brings to the League as president. “There is no doubt,” said Brent Allen of America First Credit Union, “That Scott Simpson’s leadership will enhance our effectiveness in the political process.”

Simpson is looking forward to this new challenge. “I am humbled by the confidence placed in me by the board, especially given my short time within the credit union movement. I’m also extremely grateful for the opportunity.”

“ Working for the Utah Republican Party was a great experience, but moving into the credit union movement has been even more rewarding. There are so many important dimensions to the League, of which the political is just one. We will continue to strive to provide great service and support to our members in all areas. Luckily, I have a really good, seasoned League executive team already in place to help me along and support our efforts.”

Simpson will take up his new duties starting immediately. “We have a legislative session fast approaching, and are in the early days of a very important election cycle. It is vital that we hit the ground running,” said Simpson. “There is clearly a great deal of work to be done, especially with an open governor’s seat.”

Simpson replaces Scott Earl, who recently departed after twelve years of service as League president.

Simpson graduated with a degree in public relations from Weber State. Prior to his work with the state GOP, Simpson was marketing director for Excel Entertainment. His wife, Samantha, and their three daughters reside in Kaysville.

Ogden Home for Abused Children to Open with a Flat-bed Full of Gifts from N. Utah Credit Unions

OGDEN, Utah _ The Christmas Box House, a 30-bed home for abused children, will open its doors in Ogden this Friday, with a flat-bed trailer full of gifts from the Northern Chapter of the Utah League of Credit Unions.

Volunteers from the northern chapter will arrive with $2,000 worth of gifts loaded into the flatbed at 10 a.m., Friday, December 5th, during the new facility’s ribbon-cutting ceremony. The Christmas Box House is located at 950 East 12th Street in Ogden.

The home may be opening Friday, but Northern Utah credit unions have been shopping for the house since June, filling wish lists including basic toiletries, clothes, games and toys for the children.

“We knew they were going to open a new facility here, and we wanted to do what we could to help,” said Linda Smith, who is coordinating the program at America First Credit Union. “Credit union employees and volunteers from Ogden to Brigham to Morgan have been helping us for the last six months, so we’re excited to see it all come together on Friday.”

In addition to making donations to the Christmas Box House, credit unions are donating games and toys for a Christmas store that has been set up inside of the home for the children to do their Christmas shopping.

“The store will have games, dolls, and toys so the kids can go shopping, just like they would with mom and dad,” Smith said.

The flat-bed truck will be loaded with large locking storage cabinets, boxes of hygiene supplies, baby clothes, diapers, bottles, laundry baskets, storage buckets, dolls, games and CD players.

The Northern Chapter of the Utah League of Credit Unions sponsors a different community group or charity every year.

Participating credit unions include:
Alliance Credit Union
America First Credit Union
Box Elder County Federal Credit Union
Devils Slide Credit Union in Morgan
Goldenwest Credit Union
Horizon Credit Union
Logan Cache Rich Credit Union
Members First Credit Union in Brigham
Ogden School District Credit Union
Weber Credit Union
Weber State Credit Union

Rural School Builds High-Tech Geodesic Dome in Support of Agricultural Education: Foundation Funds Crucial to Rural Schools

PRICE, Utah _ Mont Harmon Senior High School is completing construction on a state-of-the-art geodesic dome that will house a self-contained agricultural environment for students who live in an agricultural community. The dome was built with an $18,000 grant from the 100% For Kids Foundation.

“One of the foundation goals is to help bring technology to rural schools, which often struggle for funding and lack technological resources for the classroom,” said Scott Earl, president of the Utah League of Credit Unions. “Agriculture is a key industry in rural areas, so it makes sense to support educational programs in that area.”

The geodesic dome was the brainchild of Mont Harmon science and mathematics teachers Scott Fincher, Terry Bikakis and William Ahmu. The teaches say the geodesic dome will help them give lessons on solar energy, aquaculture, hydroponics, horticulture, soil water conservancy and other technological aspects of modern agriculture.

“Mont Harmon needs something of this nature to give students increased career awareness as well as hands-on activities in agricultural studies,” according to the grant application. “We are striving to teach principles and give experience in areas which no other educational institution in our area provides.”

The geodesic dome will house a pond that will act as a “solar furnace” as well as provide space for fish, other animals, and water plant life. A growing area in the dome will provide for added bedding areas for all types of plants. The combined space will allow each student provide opportunities to care for plants throughout the growth cycle.

Community members ranging from nursery workers to contractors have gotten involved in the project, helping to construct the dome and offering to help maintain the plants and animals that will live inside.

“This project shows that with the right combination of funding and community support, rural schools can give their students the opportunities they deserve,” Earl said.

100% of all donations made to 100% For Kids will reach Utah classrooms; not one cent will be spent on administrative costs. To make a donation, please contact: Foundation Coordinator Heidi Bradley, 1805 S. Redwood Rd., Salt Lake City, Utah 84104, (801) 877-2329 or visit: www.100percentforkids.org

Credit Unions Hold Read-A-thon at Elementary Schools In Honor of International Credit Union Week

SALT LAKE CITY, Utah _ This week (October 13 – 17), over 1,500 students at 29 elementary schools across Utah will be buried in books, thanks to credit unions across the state.

Utah credit unions are sponsoring Read-A-Thons in elementary and middle schools in honor of International Credit Union Week. In all, 14 credit unions will help 29 schools by donating anywhere from $250 to $7,250 to each school.

“We wanted to do something to honor credit union heritage which is rooted in community spirit, so this year, we decided to host Read-A-Thons across the state,” said Scott Earl, president of the Utah League of Credit Unions. “Credit unions large and small are eager to participate in this event. It just goes to show that credit union values have not changed.”

Salt Lake City Read-A-Thons will be held at:

  • Washington Elementary in partnership with Deseret First Credit Union
  • James Moss Elementary in partnership with Utah Power & Light Employees Credit Union
  • Adams Elementary, West Elementary and Washington Elementary in partnership with Deseret First Credit Union
  • Woodrow Wilson Elementary in partnership with Credit Union One
  • Redwood Elementary in partnership with P&S Credit Union
  • Christmas Box House School in partnership with Granite Credit Union

Ogden Read-A-Thons will be held at:

  • Highland Middle School, Mount Ogden Middle School in partnership with Ogden School District Credit Union
  • Pioneer Elementary School in partnership Weber State Credit Union and America First

100% For Kids Awards Jordan School District Over $86,000 in Grants

West Jordan (Utah) _ 100% For Kids, a Utah Credit Union Education Foundation launched last year, has awarded Jordan School district 82 mini grants for $44,565.58. In all, teachers and schools in the district have received 98 grants for $86,205.97. The grants cover everything from books to teachers’ out-of-pocket expenses.

This morning, Jim Hofeling, president of Jordan Credit Union presented an award at Montevista Elementary School. Yesterday, he gave a grant to Riverside Elementary School. Three more Jordan District schools will receive checks in coming weeks.

“Credit unions are committed to supporting education at the most fundamental level – the classroom level,” Hofeling said. “We encourage the community to support 100% For Kids so we can continue to make our children’s classrooms the best they can be.”

The following major grants and school grants have been awarded to Jordan School District:

  • Monte Vista Elementary School, $1,000 for educational videos
  • Riverside Elementary, $1,500 to purchase a projector for class presentations
  • Oquirrh Hills Middle School, $2,420 for an electric kiln for pottery classes
  • Indian Hills Middle School, $4,986 for a classroom set of high-tech calculators
  • Cottonwood Heights Elementary School, $1,311 to launch a program designed to enhance learning with computer technology
  • Terra Linda Elementary, $5,094 to purchase computers to support voice and speech recognition aspects of ESL software.

100% of all donations made to 100% For Kids will reach Utah classrooms; not one cent will be spent on administrative costs. To make a donation, please contact:
Foundation Coordinator, 1805 S. Redwood Road, Salt Lake City, Utah 84104.
(801) 972-3400 or visit: www.100percentforkids.org.

Terra Linda To Receive Grant to Allow ESL Software to Run Voice And Speech Recognition Components

West Jordan (Utah) _ 100% For Kids, a Utah Credit Union Education Foundation launched last year, will present Terra Linda Elementary School with a $5,094 check to purchase computers to run ESL software.

Sherril Rassmussen, branch manager for the Jordan Landing branch of Mountain America Credit Union, will present the award to teacher Debbie Caranza at 8 a.m. Wednesday, August 13 at Terra Linda Elementary School, 8400 South 3400 West in West Jordan.

“Credit unions are proud to be community partners dedicated to improving one of our most important commodities - education,” said Rassmussen. “We applaud Terra Linda and this project because it not only promotes education, but it seeks to provide these students with English, the most important skill they need to succeed in every other subject.”

Terra Linda Elementary serves 75 ESL students, approximately 10 percent of the student body. Last year, the school purchased DynEd, among the highest rated ESL software available. The computers the school is currently using meet the minim system requirements. However, many of the available software features are beyond the system’s capacity. The 100% For Kids grant will allow the school to upgrade the ESL computer system, allowing students to use the vital voice and speech recognition components of the software, and greatly increase system speed. The ESL system will be made available to families of ESL students after school, allowing for parent-child tutoring sessions using the software.

In addition to grants like this one to help bolster an ESL program, the foundation is urging teachers to apply for mini-grants, which cover out-of-pocket expenses.

“Utah school teachers spend an average of $250 of their own money on classroom supplies every year,” Rassmussen said. “Last school year, the foundation awarded a total of $304,437 in mini grants across the state - that’s money these dedicated teachers can now keep in their pockets.”

100% of all donations made to 100% For Kids will reach Utah classrooms; not one cent will be spent on administrative costs. To make a donation, please contact:
Foundation Coordinator, 1805 S. Redwood Road, Salt Lake City, Utah 84104.
(801) 972-3400 or visit: www.100percentforkids.com.

Utah Credit Unions Launch “Poder Economico” Outreach Program Aims to Bring Economic Empowerment to Utah’s Latino Community

The Utah League of Credit Unions is rolling out an outreach program aimed at helping credit unions across the state better serve Latinos. The program, titled "Poder Economico" translates to “Economic Power Project.”

Latinos are approaching $600 billion in purchasing power, but only half have relationships with formal financial institutions. Utah has approximately 265,000 Spanish-speaking families. If the national average applies here, that means about 132,500 families do not have a relationship with a formal financial institution. Consequently, many are falling prey to loan sharks and payday lenders. Even in their home countries, up to 80 percent of Latinos don't have bank accounts.

In an effort to build trust and reach this growing segment of Utah’s population, Utah credit unions have recently started hosting workshops to reach this community and overcome Latinos' distrust of financial institutions. The Utah League of Credit Unions is partnering with community leaders, the Mexican Consulate, Univision Spanish language TV station, and the Governor’s Office on Hispanic Affairs to offer financial education to the Latino community.

This is a hot topic of discussion around the country. The National Credit Union Association recently held a seminar on the subject. For more information, visit the following links:
http://www.ncua.gov/news/press_releases/2003/NR03-0708.htm
http://www.ncua.gov/news/press_releases/2003/NR03-0710.htm

Statement from the Utah League of Credit Unions Regarding Current Developments at Utah Copper Employees Credit Union

Scott Earl, president of the Utah League of Credit Unions, issued the following statement on June 19, 2003:

"There have been various press accounts regarding alleged embezzlement at Utah Copper Employees Credit Union. While most have been reasonably accurate, there has been speculation and some unfortunate misleading information, as well.

"There are vital points we must stress: the Utah Copper Employees Credit Union is not, and has not been, closed. The credit union is open for business, and the members' deposits are entirely safe. All credit union deposits are federally insured and privately bonded. Most important of all, we want to make completely clear that not a single member is in danger of losing a single dollar, nor will they be.

"From time to time in the financial services industry, allegations such as these surface and must be taken seriously. We are all reminded once again of the importance of prudent reserves and proper insurance for member deposits. When all is said and done, Utah Copper Employees Credit Union will fulfill is obligations to all concerned, especially its members. The credit union's safety and soundness are not in question. Even if the allegations prove true, this will reinforce the soundness of the system of audits and insurance put in place by the state and other entities. The system works.

"Finally, no charges have yet been filed. It is unfair to those involved to presume guilt to any degree. The credit union is cooperating fully with federal law enforcement officials and state regulators. It is important to stress that the matter is under investigation; any conclusions or inferences at this stage are premature and inappropriate. There has been speculation as to the amount of money involved, which is also premature, since the matter is under investigation and no such conclusions can be reached."

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