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CU System
CU System briefs (01/14/2009)
* SEATTLE (1/15/09)--Seattle Metropolitan CU’s new ad campaign, “Intentionally Left Bank,” is up and running on billboards, buses, and print ads this month. Billboards feature a blank billboard, with the credit union’s logo in the corner and the words, “Intentionally Left Bank.” The credit union says more and more people are intentionally leaving their banks and joining the credit union, “where we are guided by the seven cooperative principles.” For more information, use the link … * CONCORD, N.H. (1/15/09)--A nighttime shooting of a police officer by his supervisor at a credit union building under construction has been ruled an accident, said the New Hampshire Attorney General’s Office (New Hampshire Union Leader Jan. 13). The May 1 incident occurred during a makeshift training session inside the Granite State CU building. After the training session was over, attendees and the instructor, Sgt. Steven Smagula, reloaded their guns. He stayed to answer questions and was demonstrating footwork to use in a quick search, when his gun went off. Officer Joshua Levasseur wore a protective vest that prevented the bullet from entering his chest. No charges will be filed against Smagula … * DENVER, Colo. (1/15/09)--Jeffco CU and Westerra CU--the credit unions serving the two largest school districts in the state, Jeffco Public Schools and Denver Public Schools--announced plans to merge. Through Westerra, members will have access to 11 branches, 150 service center locations and 800 surcharge-free ATMs. Both credit unions share a commitment to financial education, said $162 million asset Jeffco CU’s chairman, Connie Ephland. C. Alan Peppers, president/CEO of $912 million asset Westerra, will continue in that position. The merger is expected to be final on July 1. The full integration of Jeffco’s operations will occur throughout the second half of 2009. The merged credit union will have more than $1 billion in assets and serve 88,000 members … * SIMI VALLEY, Calif. (1/15/09)--Members of Ventura County CU in the Simi Valley area will have no trouble finding their new local office: it’s next door to the old one. “We only moved a few yards,” said Amy Ginnever, branch manager. “But in terms of new features and being able to better serve our members, we’re miles ahead.” Ginnever also noted that one of the first thing new members ask about are auto and home loans. “We let them know that yes indeed, we have money to lend to our members along with some of the lowest rates in town.” Ventura County CU has more than $465 million in assets … * BOSTON (1/15/09)--A New Hampshire woman has pleaded not guilty to stealing more than $200,000 from an unnamed credit union in Massachusetts while she was employed there. Kelly Curley of Nashua, N.H., directed the credit union’s loan department. The charges allege she secured five loans for herself between June 2006 and February 2008 by using a co-worker’s computer to make loan transactions using the names and information of a relative and two friends (Associated Press Newswires Jan. 14) … * JEFFERSONTON, Va. (1/15/09)--Vice Admiral Thomas Hughes, former CEO of Vienna, Va.-based Navy FCU, died Tuesday night after a short illness, according to the $34.7 billion asset credit union. He was CEO of the Navy Federal from 1987 to 1996. Funeral arrangements are pending …


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