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News Now

CU System
CU System briefs (01/03/2011)
* KENNEWICK, Wash. (1/4/11)--A gang-related shooting injured a man outside of the Kennewick branch of Richland, Wash.-based Hapo Community CU. The victim, Miguel Montenegro, 20, was shot in the stomach as he walked to his car on the street outside the busy credit union. He is in serious but stable condition, said police. Police arrested Jose Cardona, who is charged with assault first degree, possession of a stolen firearm and felon in possession of a firearm. After Montenegro was shot, he ran to the credit union's parking lot before collapsing. Police indicated several others may be involved in the shooting. (KNDO.com and KEPRTV.com Dec. 30 and 31) … * CONYERS, Ga.(1/4/11)--A couple who followed a getaway car are being credited for helping police capture two Army National Guardsmen accused of robbing the Conyers, Ga., branch of Atlanta-based Georgia's Own CU. The unidentified man and woman were out shopping Dec. 23 when they saw two men run from the credit union with guns and a large bag. The couple drove behind the men as they got into a getaway car driven by a third man. Police said the couple caused the suspects to deviate from their escape plan. The men were caught after they drove into a dead end at a warehouse and fled the car. Arrested were Jemelle Francis, 25, and Menshack Nyepah, 21 (WSBRadio.com Dec. 30) … * TEXAS CITY, Texas (1/4/11)--AMOCO FCU announced it would distribute about $1 million in bonus dividends and provide a 4% loan interest refund to members in good standing as of Dec. 31, 2010 (LoneStar Leaguer Jan. 3). This is the 15th year the Texas City, Texas-based credit union has paid dividends to members. The board determined that the credit union's reserves and capital were at levels in excess of what is necessary to protect members' accounts … * HANSCOM AFB, Mass.(1/4/11)--Hanscom FCU will return more than $750,000 in loyalty dividends to members, representing a 2.5% bonus on dividends earned and consumer loan finance charges paid in 2010. Dividends were paid on Dec. 31. "This year brought an extraordinarily challenging financial climate," said board Chairman Paul Marotta, noting that the credit union continued to grow assets. The $846 million asset credit union serves 44,376 members …


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