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CU System
CU System Briefs (11/12/2013)
  • PITTSFIELD, Mass. (11/12/13)--An Adams, Mass. woman received a four-year jail sentence after pleading guilty to stealing almost $60,000 from the Greylock FCU branch where she was head teller in Pittsfield, Mass.  (New England Newspapers Nov. 8). Felisa Kazimierczak, 44, initially claimed that an unidentified individual left a note on her car threatening to harm her daughter unless Kazimierczak delivered a substantial amount of cash to a nearby location. But police said the story was fabricated and that Kazimierczak embezzled the money by taking cash allocated for area ATMs and delivering it to the false drop off site after coercing a co-worker into standing watch while she was gone. Pittsfield police allegedly found a bag of cash in Kazimierczak's car totaling the amount missing from the vault, less $58,000, and learned she allegedly had moved money between ATMs shortly after an impending audit was announced by Greylock managers. A search of Kazimierczak's home allegedly yielded thousands of used lottery tickets. Assistant Berkshire District Attorney Richard M. Locke also said that Kazimierczak's family was heavily in debt. The $58,000 was never recovered, but Greylock FCU was insured for the loss so no members lost deposits. Kazimierczak pleaded guilty to kidnapping, larceny over $250, misleading a police officer, making a false crime report, and making false entries into corporate books. Greylock FCU has $1.129 billion in assets ...
  • RHINELANDER, Wis. (11/12/13)--Two credit union members in Oneida County, Wis., reported they were targeted by con artists via text message (WSAU.com Nov. 7). Oneida County Sheriff's Lt. Lloyd Gauthier said the pair filed complaints after receiving text messages purporting to be from their credit unions, stating that the members were approaching their credit limit and asking for credit card numbers and PINs so that the limit could be increased. Both individuals contacted their credit unions--Ripco CU and CoVantage CU--and were notified by employees that the texts were part of a scam. They contacted the police afterward. Ripco CU, based in Rhinelander, Wis., has $113.1 million in assets. CoVantage CU, based in Antigo, Wis., has $1 billion in assets ...
  • HARRISBURG, Pa. (11/12/13)--U.S. Rep. Lou Barletta (R-Pa.) (center) toured the new headquarters of Harrisburg-based Pennsylvania State Employees CU on Thursday, reported the Pennsylvania Credit Union Association (Life is a Highway Nov. 8). The facility, LEED (Leadership in Energy and Environmental Design) certified by the U.S. Green Building Council, has a natural gas powered cogeneration system; bicycle, high occupancy, and fuel efficient vehicle parking; a rooftop garden, and it maximizes natural light. PSECU Gregory Smith (left) said that the building "will give us the ability to grow and also provide better member service. Also pictured is PSECU Government Relations Manager Nate Muiz.  During the event, Barletta was also thanked by PCUA Vice President of Governmental Affairs Christina Mihalik for joining 117 of his colleagues in urging the Consumer Financial Protection Bureau to delay the January implementation of new mortgage rules ...


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News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
8 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
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Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
11 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
14 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
14 hours ago