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CU System Briefs (01/09/2014)
  • ST. LOUIS (1/9/14)--The Missouri Credit Union Charitable Foundation (MCUCF) began 2014 with a new logo and a renewed mission of supporting educational initiatives for the community and credit union professionals. "Our new logo represents credit unions, their communities and the Missouri Credit Union Association coming together to form MCUCF," said Executive Director Maria Langston (Missouri Difference Jan. 8). The foundation will team up with the Missouri Council on Economic Education to hold financial reality fairs at high schools. A special reality fair will be held March 11 at the Capitol Rotunda in during the Missouri Credit Union Association's annual advocacy meeting in Jefferson City. MCUCF will also sponsor Youth Savings Month events in April. The foundation has provided funding for more than 380 scholarships for credit union professionals in Missouri. It also will continue to work with Children's Miracle Network Hospitals ...
  • MECHANICSBURG, Pa. (1/9/14)--The board of directors of AmeriChoice FCU, Mechanicsburg, Pa., selected Anna May Nauss to succeed C. Kipp Stecher as president/CEO. Nauss has been with the credit union for 28 years, most recently as senior vice president and chief financial officer. Stecher retired from the $160 million-asset credit union in December ...
  • LYNCHBURG, Va. (1/9/14)--A former longtime teller of the now-defunct Lynrocten FCU, Lynchburg, Va., pleaded guilty Tuesday to federal embezzlement charges in the U.S. District Court, Western District of Virginia. Teresa Wieringo Humphries, 58, of Madison Heights, Va., admitted to stealing more than $1 million from the credit union, according to a statement from U.S. Attorney Timothy J. Heaphy. He said Humphries falsified loan documents and participated in check-kiting schemes that cost the credit union more than $7 million overall and contributed to its collapse. The National Credit Union Administration liquidated the credit union in May. It had 1,068 members and about $13.8 million in assets, according to the agency (News Now 5/6/13). At sentencing, Humphries faces a maximum possible penalty of up to 30 years in prison and/or a fine of up to $1 million ...
     


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