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News Now

CU System
CU System Briefs (10/28/2013)
  • DALLAS, Texas (10/28/13)--Eight Brazilian credit union trade association executives on educational exchanges in Texas, Arkansas and Oklahoma are in the second week of a three-week internship program. The executives, from the Porto Alegro-based Sicredi, have been interning with member credit unions within the Cornerstone Credit Union League, the league for credit unions in the three states. (News Now Oct. 8) Maikel Zenker, director of business for Sicredi Vale do Taquari RS, and temporary intern at Texas Trust CU in Mansfield, described the exchange of knowledge and strategy as "incredible." Luciane Werner, another Sicredi executive interning at Texas Trust, visited American Airlines FCU, Educational Employees CU (EECU), Forth Worth City CU and Unity One CU along with Zenker. The pair also attended the Fort Worth Chapter of Credit Unions' chili cook-off fundraiser for the Texas Cornerstone Credit Union League Political Action Committee. ¬†They also attended Catalyst Corporate FCU's financial management seminar. The other six executives participating in the exchange are interning with Arkansas FCU, Communication FCU, Tinker FCU, TruService Community FCU, A+ FCU, Amplify FCU, United Heritage CU and University FCU. The exchange between Sicredi and the Cornerstone League was first launched in 2010 through the World Council of Credit Unions ...
  • COLUMBUS, Ga. (10/28/13)--A Columbus man who faces one count of making terroristic threats against credit union employees allegedly told them "heads will roll" and reportedly made reference to an arsenal of 30 weapons and ammunition (Columbus Ledger-Enquirer, Oct. 24). According to court testimony, Herman Wire stands accused of harassing employees at TIC FCU through a weeks-long campaign that included threatening voice mails and a refusal to leave the 13th Street branch. Police testified that TIC had to hire off-duty police officers in response to the alleged disturbances. Wire has several accounts with the credit union and has alleged that it is "stealing his money." He also stands accused of threatening to "kick [the] ass" of a TIC security guard, and calling him a "vile dog." According to police, Wire tried to buy a submachine gun recently, but his request was turned down by clerks at the gun store. When he was arrested on Sept. 12 for making terroristic threats, it was reported that a firearm was discovered in his vehicle. The judge presiding over the case set a bond at $10,000, and ordered an evaluation of Wire's competency ...
  • HARRISBURG, Penn. (10/28/13)--Compliance officials with the Pennsylvania Credit Union Association attended a National Credit Union Association open board meeting on Thursday in Alexandria, Va. (Life Is A Highway, Oct. 25). Senior compliance and operations officer Joanne Broaderick, compliance and operations officer Colleen Mateer, and executive vice president and general counsel Rick Wargo sat in on the federal regulators' meeting, in addition to talking compliance trends with the management team of NCUA Region II. On Thursday, the NCUA finalized a rule on liquidity and emergency funding, and another rule on the electronic filing of financial reports. The federal regulator also proposed a regulation that would mandate capital planning and stress testing for federally insured credit unions with more than $10 billion in assets ...


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