* MILWAUKEE (1/5/10)--First Service CU, a $36.6 million asset credit union based in Milwaukee, has merged into the $405 million asset Marine CU, based in Fond du Lac, Wis. First Service's two offices in Milwaukee and Wauwatosa are now operating under the Marine CU name. The combined credit union has more than 300 employees and servcs 59,000 members in Wisconsin, Iowa and Minnesota (Milwaukee Journal Sentinel
Jan. 4) ... * HARRISBURG, Pa. (1/5/10)--Fire destroyed the home of Pennsylvania state Sen. Stewart Greenleaf (R-12), who was the recipient of the Pennsylvania Credit Union Association's (PCUA) 2003 Keystone Award. The award recognized his sponsorship and efforts in the passage of the State Credit Union Parity bill. According to PCUA, Greenleaf and his family lost their Montgomery County home and all its contents. Family members were awakened by smoke detectors at 3 a.m. Sunday and fled the house in sub-freezing temperatures. More than 100 firefighters fought winds and ice to battle the blaze. The cause of the fire is being investigated (Life is a Highway
Jan. 4) ... * WHEELING, W. Va. (1/5/10)--The former CEO of the now defunct Center Valley CU in Wheeling, W. Va., pleaded guilty in a federal court Monday to embezzling more than $8 million from the credit union. As part of a plea agreement, Bernie D. Metz, 56, of Valley Grove, pleaded guilty to embezzlement from a credit union and money laundering. In return, her husband and children will not be prosecuted. If the plea agreement is approved, Metz could serve 87 months in prison and forfeit property--including a restaurant and several vehicles--obtained with the embezzled funds. (WTOV9.com
and The Associated Press
Jan. 4) ... * NASHVILLE, Tenn. (1/5/10)--Susan Tant, CEO of Healthcare Services CU,
Chattanooga, Tenn., has been appointed to the Volunteer Corporate CU's (VolCorp) Supervisory Committee to complete an unexpired term, VolCorp announced Monday. She has 27 years in the credit union industry. Since 2001, Tant has been a member of the Jack Henry's Symitar/Cruise Advisory Board. She previously served on the board of the Memphis and Chattanooga Chapter of Credit Unions, and participated in VolCorp's Ambassador Program. She is a recipient of Credit Union National Association's Edward A. Filene and Friedrich W. Raiffeisen Awards and other awards. VolCorp, with $1.6 billion in assets, serves 266 credit unions ...