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CU System briefs (01/29/2010)
* CHICAGO (2/1/10)--The Chicago office of the Federal Bureau of Investigation (FBI) is offering a $10,000 reward for information leading to the identification and arrest of three individuals responsible for the Oct. 7 armed robbery of the Sherwin-Williams CU, Harvey, Ill., and abduction of an employee. Two armed men confronted a credit union employee outside her home in the early morning hours as she left for work. They handcuffed her and forced her to accompany them to the credit union. A third robber served as a lookout while the original two demanded she unlock the credit union and de-activate the alarm. They forced her to open the vault, then locked the employee in the basement and fled in her vehicle with an undisclosed amount of cash (Targeted News Service Jan. 27) ... * GREENBELT, Md. (2/1/10)--A former loan supervisor pleaded guilty Thursday to bank fraud and aggravated identity theft related to the theft of $171,033 at Educational Systems FCU, Greenbelt, Md. According to a plea agreement, Felicia Douglas, 41, of Upper Marlboro, Md., created fraudulent checking and share accounts, loans, lines of credit and credit card accounts in the names of at least five members without their authorization. She also manipulated existing credit lines and card accounts without members' knowledge and used the accounts to obtain at least $171,033. She concealed the thefts by using some of the funds to repay some of the loans, lines of credit and card accounts. She backdated transactions and changed terms such as due dates, and altered mailing instructions so the members would not receive statements and notifications about the accounts. Douglas faces a maximum 30 years in prison on bank fraud and two years more for the ID theft charge. Sentencing will be April 19 (Targeted News Service Jan. 28) ... * GRAND RAPIDS, Mich. (2/1/10)--Gerald Coulombe, 25, was sentenced Monday to four and a half years in prison for a July 13 robbery at the Rockford, Mich., branch of Lake Michigan CU (The Grand Rapids Press Jan. 26). In addition to the prison term, Coulombe must repay $5,879 spent on gambling and drugs. The robber used a BB gun to threaten employees at the branch during the heist and fled on a motorcycle to his roommate's waiting van ... * ALBANY, N.Y. (2/1/10)--The Credit Union Association of New York met with State Senate Democratic Conference Leader John L. Sampson (D-Metropolitan) to discuss credit union issues and priorities, including the role credit unions in the state's economic recovery. "Much of our dialogue centered on gaining Sen. Sampson's support for credit union access to municipal deposits. I'm pleased to report that he has vowed to do all he can to get this legislation passed," said association President/CEO William J. Mellin. He noted that it is "clear that Sen. Sampson understands the value and commitment credit unions provide to millions of New Yorkers and is ready to work with us to build a better New York." ... * RANCHO CUCAMONGA, Calif. (2/1/10)--Tim Kramer, CEO of KeyPoint CU in Santa Clara, Calif., for the past 22 years, received an "Unsung Hero" award from the California Credit Union League. The award honors credit union industry individuals with at least 20 years of experience who have made significant contributions in the community. Kramer has more than 35 years of credit union experience. He also has served on the board of directors and as chairman of Financial Services Centers Cooperative and with the California Applied Research Institute. Kramer also was a member of the Filene Research Institute advisory board and Richard Myles Johnson Foundation board. In 1995, he traveled to Russia to provide technical assistance to credit unions there ... * JACKSONVILLE, Ark. (2/1/10)--Arkansas FCU has donated nearly $89,635 to Arkansas Children's Hospital Foundation in Little Rock (The Arkansas Democrat-Gazette Jan. 28). The money will help fund a clinic waiting room in the hospital's South Wing, expected to open in 2012. Employees and members of the $730.1 million asset credit union raised more than $44,817 the past year in several events, and the credit union's board matched the amount, dollar for dollar. Arkansas FCU participates in Credit Unions for Kids, a national sponsor of the Children's Miracle Network, which raises funds for 170 member hospitals across the nation ... * RIVERSIDE, Calif. (2/1/10)--The Altura Foundation, affiliated with Altura CU, announced an expansion of its college scholarship
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program. The credit union is increasing the total scholarships awarded to 60, up from 46 in 2009. The estimated $60,000 in scholarships will be awarded graduating seniors from Riverside County area high schools, said Ricki McManuis, senior vice president and a member of the foundation board. The expansion includes the addition of 10 $1,000 scholarships for local students who attend the University of California at Riverside (UCR). Five scholarships were added for students participating in an Advancement Via Individual Determination program. From left are UCR Chancellor Tim White; Jesse Melgar, a 2005 Altura Foundation scholarship recipient who graduated last year from UCLA with a dual degree in political science and Chicano studies; and Altura CU CEO Mark Hawkins. (Photo provided by Altura CU) ... * ABERDEEN, Md. (2/1/10)--Aberdeen Proving Ground FCU (APGFCU) presented a $1,000 48-month savings certificate "scholarship" to
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Mikayla Hornedo, Edgewood, Md., for her role as a reporter for six episodes of Kids Cents!, a five minute segment on KidsTV News that introduces money and savings to kids and pre-teens. Hornedo interviewed an APGFUC "money expert" for each segment. Topics included: What is a credit union; where does money go when it is deposited; making smart money choices; using credit wisely; budgeting and savings basics; and online resources to help manage money. KidsTV News is a locally produced weekly magazine for kids. From left are APGFCU Chairman David Gilbert, Hornedo, and APGFCU President/CEO Don Lewis. (Photo provided by APGFCU) ...


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