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CU System Briefs (10/08/2013)
  • LATHAM, N.Y. (10/8/13)--Two Brooklyn residents were arrested Friday for allegedly defrauding local credit unions (Albany Times Union Oct. 4). New York state law enforcement officers charged Ronice J. Sahadeo, 32, with attempted grand larceny, forgery, criminal possession of a forged instrument, criminal possession of stolen property, and attempted identity theft. They also charged Antoine L. Barksdale, 25, with criminal possession of stolen property. The arrests were made after Colonie police received a tip Monday that an individual was allegedly using falsified documents to take out a $25,000 loan from Sunmark FCU in Halfmoon. Officers then investigated allegations of similar crimes at other credit unions in Colonie and Clifton Park, and identified the same woman as a suspect. On Tuesday, Sahadeo allegedly went back to the SEFCU in Halfmoon to ask about the loan, after attempting to withdraw funds from another line of credit at an SEFCU branch in Glenville--a transaction Sunmark denied as suspicious. Glenville police apprehended Sahadeo and Barksdale as they drove to the Clifton Park branch. They allegedly had in their possession money obtained from identity theft committed in New York, Alabama, and North Carolina. The pair's next court appearance is scheduled to take place on Wednesday. SEFCU is based in Latham N.Y., and has $400 million in assets ...
  • BROOKLYN, N.Y. (10/8/13)--Michael E. Fryzel, board member of the National Credit Union Administration (NCUA), was named an honorary grand marshal of the 2013 Pulkaski Day Parade on Sunday. The annual celebration, held in New York City since 1937, commemorates Kazimierz Pulaski--the Polish brigadier general and Revolutionary War hero who died fighting the British at the Battle of Savanah. Fryzel was presented a sash for the parade by Polish & Slavic FCU CEO Bogdan Chmieleski. "As a Polish-American and the first chairman and board member of Polish descent to serve on the NCUA Board, it was a great honor to be named Honorary Grand Marshall and to walk the parade with you," Fryzel said at the Brooklyn-based credit union on Monday. "The Pulaski Day Parade is just one of many activities Polish & Slavic is involved in. Their scholarship program for students is outstanding and yet another way they take part in the community they serve, truly exemplifying the credit union philosophy of people helping people." ...
  • ROYAL OAK, Mich. (10/8/13)--Michigan credit unions gave $100,000 to Children's Miracle Network (CMN) Hospitals, a nationwide alliance of hospitals for kids (Michigan Monitor Oct. 7). The donation was presented at Beaumont Children's Hospital. From left, John Kozich and Judi Desilets of Credit Union ONE, Ferndale: Ken Ross and Stephanie Klocinski of the Michigan Credit Union League; and Dan Davidson from Alliance Catholic CU, Southfield,  presented the gift to Beaumont Foundation manager Lisa Stewart and Matt Romnkey, associate director of the foundation. (Photo provided by the Michigan Credit Union League) ...
  • HUNTSVILLE, Ala. (10/8/13)--A 57-year-old Alabama man accused of a fraud scheme that involved a Tuscaloosa credit union and the U.S. Small Business Administration is facing 51 charges, a 1,000 year-sentence and up to $35 million in fines, after being indicted by a federal grand jury (Huntsville Times Oct. 6). Danny Ray Butler stands accused of forging and altering documents, and overestimating the cost of a proposal to obtain millions in loans from the SBA, West Alabama Bank and Trust and Alabama One CU, Tuscaloosa, to open a grocery store. After the store was built, Butler allegedly defaulted on the loans, costing the SBA over $1.7 million and the $161 million asset Alabama One CU almost $1.3 million. Butler is also accused of operating a check-kiting scheme, with one account tied to his grocery store, and another tied to a Tuscaloosa used-car lot he owns and operates. The alleged scheme was discovered by Alabama Bank and Trust in February 2012, after Butler allegedly wrote hundreds of fraudulent checks ...


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