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CU System briefs (01/19/2009)
* FORT WAYNE, Ind. (1/20/09)--A robbery in which a patrolman killed a suspect did not involve a credit union, as reported in trade press. The robbery occurred at People’s State Bank in Avilla, Ind. Several credit unions carry similar names … * GREENSBORO, N.C. (1/20/09)--The Carolinas Credit Union Foundation has awarded a $12,088 Micro Community Grant to the Winston-Salem Rescue Mission to upgrade its facilities. The grant will help improve the kitchen, plumbing and the entrance to the mission's thrift store. From left are: Mike Foster of the mission; Bob Donley of Members CU; Judy Tharp and Suzanne Foster of Piedmont Aviation CU; Jack Braswell of Members CU; and Patty Mauro of Piedmont Aviation CU. Both credit unions are based in Winston-Salem. (Photo provided by the North Carolina Credit Union League) … * FORT COLLINS, Colo. and LOVELAND, Colo. (1/20/09)--Two Larimer County, Colo., credit unions have announced the completion of a merger, effective Jan. 1. Sunrise CU, a $4.1 million asset credit union based in Loveland, has merged into Fort Collins-based Norbel CU, a $109.2 million asset credit union. The merger is not expected to result in any job losses, Sunrise CEO William Becker told the Fort Collins Coloradoan (Jan. 9). According to Ed Bigby, Norbel's CEO, the merger was sparked by a possible $130,000 loss from a single second mortgage that Sunrise financed in a real estate development in Kansas. Sunrise had no delinquent loans on its real estate portfolio. The National Credit Union Administration suggested Sunrise find a partner, said the newspaper. It approached Norbel because it has the same core service philosophy, Becker said … * HARRISBURG, Pa. (1/20/09)--Bob Radakovich, board chairman of Century Heritage FCU, Pittsburgh, died Jan. 12 of cardiac arrest, according to the Pennsylvania Credit Union Association (Life is a Highway Jan. 16). He was 67. He worked for the Department of Defense at its Pittsburgh office, inspecting companies that work for the military. Century Heritage President/CEO Vin Cerasulo said Radkovich's know-how and intelligence were an asset to the business. "It didn't take Bob long, once he joined the board of the credit union as a standby, to work his way up to president. Our members and the members of the board trusted Bob." Services were held Thursday …


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