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CU System briefs (02/01/2012)
  • LANSING, Mich. (2/2/12)--Michigan's Office of Financial and Insurance announced a new organizational structure for the office, which regulates state-chartered credit unions and other financial institutions, said the Michigan Credit Union League (Michigan Monitor Jan. 30).  The new structure consolidates similar and/or complementary functions within divisions, and better uses the skills and regulatory experience of the staff, said OFIR Commissioner Kevin Clinton.  The major changes include the consolidation of consumer finance-related activities under a Consumer Finance Division that centralizes insurance examination and monitoring functions under an Insurance Evaluation Division and the consolidation of rate and form review responsibilities within an Insurance Rate and Forms Division …
  • PORTSMOUTH, N.H. (2/2/12)--A fifth arrest has been made in the  Dec. 19 robbery of Northeast CU, Manchester, N.H. Merry Beth Miner, 34, Laconia, was arrested on a felony charge of criminal liability to robbery. Walter Williams, 43, and Prince Sage, 27, were charged with robbery. Shyloe Johnson, 24, also was charged with criminal liability. Also arrested was Katie Falls, 28, Meredith, who allegedly drove the other suspects to scout out the credit union the day before the robbery. During the incident, two masked men entered the credit union office. One man held a gun while the other took money from teller drawers and the vault. The robbers fled with $60,000 (Union Leader Jan. 31) …
  • FAIRBANKS, Alaska (2/2/12)--Jessica Nel Brown, 33, of Fairbanks, Alaska, is charged with robbing a credit union hours before she was scheduled to appear in court on an unrelated theft charge (The Republic Jan. 31). Brown is charged with holding up a Fairbanks branch of Anchorage-based Alaska USA FCU at 12:40 p.m. Monday. Police said Brown allegedly walked into the branch and passed a robbery note to a teller. She as arrested in a vehicle at 3 p.m. Police said  Brown allegedly had a money envelope from the credit union at the time of the arrest … 
  • SEATTLE (2/2/12)--The board of directors at Seattle Metropolitan CU has named Richard Romero as CEO, effective in mid-February. Romero has more than 24 years'  financial services experience, most recently as chief operations officer at the $820 million asset Los Angeles Firemen's CU from 2004 to 2012. There he led teams responsible for consumer lending, member services, operations, call center, facilities, real estate and business services, commercial lending and information technology. From 2000 to 2002 he served as director of Branches and as vice president at Telesis Community CU, Northridge, Calif. Before that he worked in various positions at Washington Mutual and Great Western Bank …


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