Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/13/2010)
* HARTFORD, Conn. (1/14/10)--Bookkeeper Melissa Laliberte, 39, of Wallingford, Conn., was sentenced Tuesday to 51 months in prison for embezzling more than $700,000 from the now-defunct Meriden Franco-American FCU. Laliberte also was ordered to pay restitution totaling $743,768 to the National Credit Union Administration and back taxes totaling $218,103. She pleaded guilty in September in a Hartford, Conn., federal court to embezzlement and filing a false income tax return. She admitted she took cash from members' loan payments, made unauthorized withdrawals from their accounts, drew her salary several times a month and used member checks to pay personal expenses. At the time the credit union went into liquidation on July 16, 2008, it had 206 members and about $337,968 in assets (Targeted News Service Jan. 12) ... * RALEIGH, N.C. (1/14/10)--The foundation for the State Employees' CU in Raleigh, N.C., is providing $500,000 for the North Carolina Museum of History's new SECU Education Center. With the SECU Foundation's support, the center will use cutting-edge technology, two-way video conferencing and virtual field trips to enhance permanent chronological presentation of the state's history to students throughout North Carolina. The grant will enable the museum to install technology needed to record and broadcast educational programs, lectures, seminars and meetings for dissemination across the state. It also will allow school groups that cannot visit the museum to participate in its programming ...


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
4 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
5 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
8 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
8 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
8 hours ago