Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/24/2012)
  • BRUNSWICK, Maine (1/25/12)--Marsha Richard, 42, of Topsham, Maine, was sentenced to nearly three years in federal prison for embezzling more than $500,000 from Atlantic Regional FCU, Brunswick, Maine (Sun Journal Jan. 23) from November 2004 to October 2010.  U.S. District Judge D. Brock Hornby sentenced Richard to 33 months in prison and five years of probation. She pleaded guilty Sept. 23 to the charge. Richard allegedly manipulated account entries for credit union members' deposited checks that had been returned for nonsufficient funds. Instead of crediting an internal account, Richard credited the accounts of family and friends then accessed the diverted money …
  • SPRINGFIELD, Mo. (1/25/12)--Tips from the public yielded an arrest in the robbery Friday of Assemblies of God CU, Springfield, Mo., said police (ky3.com Jan. 23). Paulanthony Rossmann II, 28, of Springfield, allegedly a member of the credit union, was arrested Saturday and charged with bank robbery. According to police, a man entered the credit union, presented a teller with a demand note, indicated he had a gun, and said that "this is not a joke." The man fled with $4,728. After viewing surveillance photos on local media, a tipster said a backpack carried by the robber was the same as those given away at a volleyball coaches conference and that it had a red and blue emblem. Rossmann's estranged wife also identified the backpack as his …
  • KALAMAZOO, Mich. (1/25/12)--Consumers CU, a $368 million asset credit union based in Kalamazoo, Mich., has launched a member testimonial campaign designed to tell its story one member at a time.  The campaign, Good Times Ahead, underscores that members own the credit union and that many people are celebrating success in West Michigan. "We are asking members to tell us their stories and are thrilled with the response," said Kit Snyder, president/CEO.  Members featured include Jeremiah from South Haven, who talks about Seriously Free Checking; Thomas and Diedre from Holland, discussing Silver Lining Lending; Rick from Holland, talking about Credit Card Balance Transfers; Alex from Kalamazoo, discussing Student Accounts; and Theresa from Kalamazoo, talking about Business Services. Consumers CU worked with local companies to produce the campaign. Partners include Motion Possible, which filmed on location; 2Fish Co., which provided photography; and South Post Studios, which produced audio for radio.  Also, Western Michigan University students wrote, sang, and provided instrumental portions of the music …


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
21 minutes ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
3 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
4 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
4 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
4 hours ago