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CU System
CU System briefs (01/13/2011)
* CORINTH, N.Y. (1/14/11)--A former pastor and former credit union employee has been charged with the embezzlement of $400,000 from Corinth, N.Y.-based Hudson River Community, C.U. by writing duplicate checks while he was a human resources representative at the credit union. Jason J. LaPierre, 35, Hudson Falls, was charged with second degree grand larceny and first-degree falsifying business records. Police said he allegedly duplicated checks and deposited the money into his accounts. No members' accounts were affected (The Daily Gazette Jan. 13) … * BRISBANE, Queensland (1/14/11)--CU Australia, Australia's largest credit union, said four of its 78 branches in flooded Queensland remain closed. Members who need more than $500 in cash can go to a branch. The credit union imposed a $500 limit on cash withdrawals from its ATMs after the flooding occurred. Queensland was deluged with an "inland tsunami" last week. The credit union has suspended members' home and personal loan repayments for up to three months and will waive late fees (Sydney Morning Herald Jan. 13) … * SILVER SPRING, Md. (1/14/11)--The National Foundation for Credit Counseling (NFCC) marks its 60th anniversary during 2011. It will celebrate throughout the year, with a particular emphasis during April, Financial Literacy Month, and culminating in September at its Annual Leaders Conference in San Francisco. NFCC, the largest and longest-serving network of nonprofit, community-based counseling agencies in the U.S., is comprised of nearly 100 member agencies representing more than 800 locations throughout the U.S. and Puerto Rico. It has more than 3,000 certified credit counselors and more than 2,000 certified housing counselors. NFCC's agencies have helped roughly four million consumers annually with their financial concerns around debt, housing and bankruptcy …


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