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CU System
CU System briefs (01/23/2009)
* DECATUR, Ala. (1/26/09)--A U.S. District Court judge has dismissed bank fraud and conspiracy to commit bank fraud charges in the case of a former credit union manager and former businessman accused of stealing more than $6 million over three years. Judge U.W. Clemon Thursday granted acquittal in the case of Timothy David Shelton, 53, and Melissa Killeen, 39, a former manager of Lauderdale County Teachers CU. "There's no reasonable doubt that a jury could conclude that she participated in any conspiracy," said Clemon (TimesDaily.com Jan. 22). Shelton's trial will continue on four counts of making false statements to a federally insured institution. He had a number of loans at the credit union, which he used for his business. Shelton was accused of avoiding loan limits by recruiting friends and relatives to apply for loans at the credit union … * HARRISBURG, Pa. (1/26/09)--Hidden River CU, Pottsville, Pa., hosted separate interviews Thursday with candidates for the State Senate District 29 special election, reported the Pennsylvania Credit Union Association (PCUA) (Life is a Highway Jan. 23). The candidates, State Rep. Dave Argall (R) and County Clerk of Courts Steve Lukach (D), answered questions from Hidden River CEO John Murga and Board Chairman Charles Lantz. Both Argall and Lukach said they were opposed to implementing heavy regulations and supported credit unions' tax-exempt status. Also interviewing were: Eric Kratz, Pennsylvania Business Council; Gwenn Dando, NFIB; John Callahan, Pennsylvania Chamber of Commerce; Judy Eschelberger, Novak Strategies; and Christine Seitz, PCUA government affairs specialist. Pictured here are Argall, right, and Murga, fourth from right. (Photo provided by the Pennsylvania Credit Union Association) … * HARRISBURG, Pa.(1/26/09)--Pennsylvania Office of Financial Education Director Hilary Hunt has resigned, effective at the end of January (Life is a Highway Jan. 23). Hunt worked with Gov. Edward Rendell and the state Department of Banking to develop a financial education program recognized throughout the nation. Pennsylvania is one of two states with such a program. Mary Rosenkrans, financial education specialist, will assume the duties of acting director, announced Secretary of Banking Steve Kaplan. Pennsylvania Credit Union Association President/CEO Jim McCormack said PCUA has worked with Hunt on several occasions and is looking forward to working with Rosenkrans and her colleagues "as credit unions continue their community outreach to improve the financial health for Pennsylvanians." … * MADISON, Wis. (1/26/09)--Shannon Griswold has joined Summit CU as president of STAR CU, the nation's only youth-chartered credit union, which is located in the Boys & Girls Club in Madison. Griswold's background is in banking and social work. She previously was a social worker at Central Wisconsin Center and a program assistant at Girl Power, both based in Madison. She also has served as a teller and personal banker at a local bank. STAR (Saving to Achieve Results) CU is open to members of the Boys & Girls Club of Dane County and is supported by Madison-based Summit CU, a $1 billion asset credit union (wisbusiness.com Jan. 23) …


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