Credit union drops 'Wood Products'.Byline: EDWARD Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide RUSSO
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SPRINGFIELD Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. - Goodbye Wood Products Credit Union, hello Northwest Community Credit Union. In a bid to expand throughout the state, Springfield-based Wood Products Credit Union on Monday Monday: see week. dropped its longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective name after receiving approval to change its charter so it can serve Oregonians from Portland Portland, town, England Portland, town (1991 pop. 12,945), Dorset, S England. It is on the Isle of Portland, a small rocky peninsula. Portland stone has been used in St. Paul's Cathedral and other important London buildings. Lobsters and crabs are harvested. to Ashland Ashland (ăsh`lənd). 1 Industrial city (1990 pop. 23,622), Boyd co., E Ky., on terraces along the Ohio River near the influx of the Big Sandy; settled 1786, inc. 1854. . Now called Northwest Community Credit Union, the change in its state-chartered designation allows the credit union to take deposits, issue checking accounts, make loans and provide other banking services to people who live or work in 12 counties, from Multnomah in the north to Jackson Jackson. 1 City (1990 pop. 37,446), seat of Jackson co., S Mich., on the Grand River; inc. 1857. It is an industrial and commercial center in a farm region. in the south. Previously, the credit union was able to offer membership only to those in designated groups, such as mill or construction workers. In addition, residents who live outside the institution's 12-county operating region but who are related to someone who lives or works in the designated counties is eligible to join. Wood Products Credit Union was already large, with 11 branches in 10 counties that could do business with hundreds of different employee groups and organizations. With $356 million in assets, the credit union is the state's sixth largest. Chief executive Helen Helen, in Greek mythology, the most beautiful of women; daughter of Leda and Zeus, and sister of Castor and Pollux and Clytemnestra. While still a young girl Helen was abducted to Attica by Theseus and Polydeuces, but Castor and Pollux rescued her. Byrnes Byrnes , James Francis 1879-1972. American politician who served as an associate justice of the U.S. Supreme Court (1941-1942). As secretary of state (1945-1947) he tried unsuccessfully to ease postwar tensions between the United States and the USSR. on Wednesday Wednesday: see week. said the expansion is necessary to help the credit union offer the best rates and services to its 58,000 members, about 23,000 of whom live in Lane County. "We want to be the best credit union in the state with the best products," she said. By getting more members, the credit union can attract more deposits and make more loans, said Kent White, vice president of marketing. As a result, the credit union can provide higher interest rates on deposits, lower interest rates on loans, and charge lower fees on automated teller machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. transactions, among other member benefits, he said. The credit union began in 1949 across the street from the Weyerhaeuser mill in Springfield as Weyerhaeuser Federal Credit Union. The Wood Products name was adopted in 1973. But job cuts in the wood products industry during the past two decades forced the credit union to expand its membership net so it could continue growing, White said. Present or former wood product workers or those from related industries, such as construction, now make up about half the members, he said. A change in state law in 2000 allowed credit unions - through the community charter designation - to offer services to anyone who lives or works in a particular region or collection of counties. That prompted the Wood Products board to apply for the more inclusive community charter, White said. The state Department of Consumer and Business Services Securities approved the community charter last Thursday. The new designation takes effect Monday. Given its long association with the wood products and construction industries, Byrnes said it was difficult to change the name of the credit union. But focus groups revealed that the credit union would be able to attract more members if it stopped using wood industry terms in the name. Most participants in focus groups assumed that they could not belong to the credit union if it had a name with "wood" or something similar in it, Byrnes said. The opposite was true when participants were asked about a credit union with Northwest in the name, she said. Most of the credit union's nine-member board of directors comes from the wood products industry, Byrnes said, and they approved the name change. Signs will start to change early next year, including at the credit union's headquarters on East Game Farm Road, where the institution employs 100 people. The sign conversion, expected to be done by March 31, will cost between $150,000 to $200,000, White said. Meanwhile, members will be able to use their existing ATM and credit cards, checks and other materials as long as they have them. Headquarters: Springfield Employees: 218 Assets: $356 million Founded: 1949 - Northwest Community Credit Union CAPTION(S): Chief executive Helen Byrnes expects the change to boost membership at the credit union, based at East Game Farm Road in Springfield. |
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