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CU System Briefs (10/25/2013)
  • CINCINNATI, Ohio (10/25/13)--Two Chicago men were indicted by a federal grand jury on Oct. 16 for allegedly conducting a fraud scheme that revolved around a credit union ATM in the Cincinnati area. Dimitar Angelov, 28, and Dimitar Kolev, 26, were accused of using a hidden camera and an electronic scanning device called a "skimmer" to steal peoples' bank account information at a Springdale, Ohio branch of Kemba CU. If convicted, the pair face up to 15 years in a federal prison for fraud in connection with access devices. Skimming is a scheme that involves a secret recording device that copies bank account data after a person uses an ATM. The stolen account data can then be subsequently written onto a blank card and used to steal money from the account-holder. The pair were apprehended by Springdale police officers on Sept. 28 after someone reported suspicious activity--they were seen by the informant individually walking to the ATM and returning to their parked car. Upon searching the vehicle, police officers found numerous cards with magnetic strips. After searching the ATM, law enforcement officials found the skimming device and a pinhole camera. Secret Service agents joined in making the arrest and filed a federal complaint against the duo. Kemba CU is based in Cincinnati and has more than $571 million in assets ...
  • LINCOLN, Neb. (10/25/13)--Frank Wilber was named Liberty First CU's new president/CEO on Tuesday. He is set to replace retiring CEO Ken Bradshaw on Nov. 25. For the past seven years, Wilbur has served as the executive vice president of ELGA CU  in Burton, Mich., a cooperative with $340 million in assets that services six counties in eastern Michigan. Chartered in 1935 as the Burlington Employees Cooperative Credit Association, Liberty First serves Lancaster and Seward Counties in Nebraska ...
  • ALBUQUERQUE, N.M. (10/25/13)--Central New Mexico Community College honored New Mexico Educators' FCU by naming an outdoor area on its main campus after the cooperative. The area was named after NMFCU to recognize the credit union's recent $200,000 donation in support of scholarships. Both the credit union and the school are based in Albuquerque. NMFCU has over $1.2 billion in assets ...


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