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News Now

CU System
CU System briefs (01/12/2011)
* MARLBOROUGH, Mass. (1/13/11)--The Massachusetts Credit Union League and 27 credit unions are participating in a blanket drive for the homeless during January. Their participation is in keeping the Credit Union Community Hope Initiative's ongoing efforts to support the Massachusetts Coalition for the Homeless. It is the Social Responsibility Committee's first annual blanket drive, said the league (e-Weekly Jan. 12). STCU CU, Springfield, is participating with two branches collecting new, unused blankets, said the credit union. "People helping people is what this is all about and certainly aligns with our credit union mission," said STCU President/CEO William Brothers … * PEORIA, Ill. (1/13/11)--Valerie D. Mason, 51, a former Visa credit manager at Citizens Equity First CU (CEFCU), pleaded guilty Monday to stealing more than $228,000 over a two-year period at the Peoria-based credit union (Peoria Journal Star (Jan. 12). She will be sentenced May 6 and faces up to 30 years in prison. Part of her position involved training people on the credit union's computer system. Using her access, she allegedly opened Visa accounts, raised credit limits on some cards including her own, and changed mailing addresses to avoid alerting the card holders. She then used cash advances for personal use. Mason also obtained loans in other people's names without their knowledge or consent … * NEW ORLEANS (1/13/11)--Paul T. Bertuccini Jr., former board member of the Louisiana Central CU and Louisiana Corporate CU, died Sunday in New Orleans at the age of 88. He was retired from the Bureau of Alcohol, Tobacco and Firearms and was manager of the former Federal Officers and Employees CU. He is survived by three children, seven grandchildren and two great-grandchildren (The Times-Picayune Jan. 12) …


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