Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System Briefs (04/30/2013)
  • SPRINGFIELD, Mass. (4/30/13)-Former credit union manager Patricia Piscioneri, 67, of Adams, Mass., has been sentenced to one day in prison and six months of home confinement for embezzling $160,000 from the Adams Municipal Employees FCU.  Piscioneri pleaded guilty in January to a 30-count indictment charging her with false entries and embezzlement of funds by a credit union employee. According to prosecutors, Piscioneri  allegedly created fraudulent loan accounts under the names of credit union members and transferred the loan money into accounts belonging to herself, her husband and family members. Prosecutors said Piscioneri attempted to cover the scheme by forging signatures, creating false entries in the credit union's system, setting up fake loan document, and advancing the payment due dates of fraudulent loans ( April 26) ...
  • KYLE, S.D. (4/30/13)--Lakota FCU, the newly chartered credit union on the Pine Ridge Indian Reservation in Kyle, S.D., will have its grand opening on Friday to honor the people of the reservation and their commitment to building brighter financial futures, according to the Credit Union Association of the Dakotas (The Memo April  26). The event will be 11 a.m. to 1 p.m. Credit Union Manager Whitney O'Rourke worked on the credit union's development since 2010 with Lakota Funds, a community development financial institution helping with an economic resurgence of the Oglala Lakota Oyate on the reservation. About 40,000 people live on the reservation, with 35% under the age of 18 (News Now Nov. 27) ...
  • WACO, Texas (4/30/13)--Members Choice FCU of Central Texas has established the West Volunteer Fire Department Fund to support victims of the fertilizer plant explosion in West, Texas, April 17.  "No change is too small, no bill too large. The first responders in West are heroes, and their selfless service to the entire community is inspirational," said credit union President/CEO Dan Cox (LoneStar Leaguer April 29). The fund was created to help the West Volunteer Fire Department rebuild and replace equipment so it can continue to protect and provide for the West community.  Donations from members and the public can be made at any Members Choice of Central Texas FCU branch. "Members Choice, like so many others, has been deeply touched by the bravery of these fine men and women," Cox said ...
  • BEAVERTON, Ore., and FEDERAL WAY, Wash. (4/30/13)--The Northwest Credit Union Association has appointed Shelly Berryman to the new position of vice president, member engagement and advocacy, effective May 28. She is currently vice president of membership development and advocacy at SchoolsFirst FCU, Santa Ana, Calif. (Anthem Recap April 25).  Berryman's work will support NWCUA's legislative and regulatory advocacy teams, and she will oversee compliance services. Before joining SchoolsFirst's staff in 2003, she served as vice president, branch operations at Corporate American Family CU, Elgin, Ill., from 1991 to 2003 ...
  • HARRISBURG, Pa. (4/30/13)--Marilyn Beers is retiring today as CEO of Oil Country FCU, Titusville, Pa., after 36 years with the $17 million asset credit union.  She started her career as the third employee in a small office with then Cyclops-Titusville FCU in August 1977, according to the Pennsylvania Credit Union Association (Life is a Highway April 29). Beers wore many hats as the credit union grew from a single sponsor to serving multi businesses and organizations in the Titusville area. She earned the Certified Credit Union Executive designation in 1992. The credit union has about 3,600 members and 13 employees ...


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
3 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
4 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
4 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
4 hours ago