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CU System
CU System Briefs (07/18/2013)
  • ST. LOUIS, Mo. (7/18/13)--The Missouri Corporate CU, Missouri Credit Union Charitable Foundation and the Missouri Credit Union Association have established a memorial fund in honor of state credit union champion and attorney Leon Kusnetzky, who died May 14. The fund encourages the growth and initiatives of small credit unions and helps sponsor scholarships for the Credit Union Development Education program.  Kusnetzky's work for and in credit unions dates back to the 1960s. His firm, Kusnetzky, Schwartz, Rosenfeld, Sailler & Lilla, helped improve legislation affecting the state's credit unions. He helped with credit union bylaws and the development of credit union service organizations (CUSOs)  in the state.  He defended credit unions against lawsuits, navigated bankruptcy litigation, set up policies and analyzed contracts. He also worked to help small credit unions in a tough regulatory environment by sponsoring the small credit union CUSO, said MCUA. In 2012 he was inducted into MCUA's Honor Roll, a distinction given to people who go above and beyond in their service to the state's credit union movement ...
  • WHEATON, Ill. (7/18/13)--Hermila Garcia, 24, was sentenced to jail time and probation for stealing more than $3,000 from Dupage County Employees CU in Wheaton, Ill. She also must pay back the $3,875 she allegedly took from the $16 million asset credit union, the judge ruled. Before Garcia's September arrest on felony theft charges, she was a teller at the credit union for seven years. The thefts--in which Garcia allegedly took money from her drawer last summer and falsely filled out paperwork indicating she had deposited the money into the credit union's vault--were discovered after an audit, authorities said. Last week, Garcia pleaded guilty to felony theft and was sentenced to 24 days on jail work release and restitution, and two years of probation, court records indicated (Daily Herald July 16) ...
  • HARRISBURG, Pa. (7/18/13)--Gene Biddle, former CEO of Spring Mill Employees FCU, Roaring Spring, Pa, died July 14, the Pennsylvania Credit Union Association said (Life is a Highway July 17). He was 78. Biddle served as the credit union's CEO/general manager until June. He was also an employee of Appleton Papers for 40 years. A funeral was held Wednesday ...


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