Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/22/2013)
  • MONROE, Mich. (1/22/13)--Sharon Broadway, 62, of Toledo, Ohio, was sentenced Thursday to at least 45 months in prison in the embezzlement of more than $2 million from the now defunct Monroe County's United Catholic CU, Monroe, Mich. Broadway, who was manager and the only employee at the tiny credit union, pleaded guilty in December to racketeering and financial institutions embezzlement. The thefts occurred over a period of 30 years (Toledo Blade Jan. 18). The credit union closed in August after state regulators discovered it was insolvent.  Broadway was sentenced in Monroe County's 38th Circuit Court to 10-240 months on the embezzlement charge and a concurrent 45-240 months on the racketeering charge. She also was ordered to pay nearly $2.6 million in restitution and was barred from working in the financial industry …
  • LAREDO, Texas (1/22/13)--A former employee of Laredo (Texas) FCU pleaded guilty Thursday to armed robbery of the credit union on Jan. 6, 2012 (Associated Press Jan.17).  Thirty-year-old Ansel Cruz faces up to 25 years in prison. Cruz was employed by the credit union through 2011. He allegedly tied up several employees and fled with an undisclosed amount of cash after the credit union closed for the day. He was described by employees as armed and wearing dark clothing with a black face covering. Employees identified Cruz from a surveillance video. He was arrested five days later …
  • SKOWHEGAN, Maine (1/22/13)--Franklin-Somerset FCU in Skowhegan, Maine, announced it has appointed Karen Greenleaf to be its new president/CEO. Greenleaf has served in that capacity for the $72 million asset credit union since the death of Cass Hirschfelt in August. Greenleaf has worked in the credit union industry for 22 years (Weekly Update Jan. 18) ...

RSS print
News Now LiveWire
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
9 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
10 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
10 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence.
10 hours ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions.
10 hours ago