Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (02/08/2008)
* MIRAMAR, Fla. (2/11/08)--Stephen C. McGill has tendered his resignation as president/CEO of the $2.115 billion asset Eastern Financial Florida CU, effective immediately, announced its board Friday. Gary Lanier, senior vice president of finance and administration, will assume interim duties and report to the board's Executive Committee while the credit union conducts a search for a new CEO. McGill was with the credit union for 24 years and had been chief executive since 2004. During his tenure, the credit union increased its branch network, launched a commercial lending operation and expanded products and services. Board Chair Peterjohn Plummer thanked McGill for his service and wished him good luck, adding his contributions "will always be appreciated" … * MOLINE, Ill. (2/11/08)--An e-mail phish attempt offering members $50 to $80 to take an online "survey" has been shut down by IH Mississippi Valley CU, based in Moline. The fraudulent e-mails instructed recipients to answer a few questions, then asked for credit or debit card information. The $552 million asset credit union said the e-scam, which originated in Korea, began surfacing Thursday morning and was shut down immediately. The credit union does not initiate e-mails requesting confidential information, it told the Quad-City Times (Feb. 8) … * ROCKVILLE, Md., and WASHINGTON (2/11/08)--Rockville-based Montgomery County Teachers FCU has informed the Federal Deposit Insurance Corp. (FDIC) that counterfeit checks related to a European lottery scam are circulating with the credit union's name. The bogus checks display its routing number but do not resemble authentic checks. Counterfeit items are tan with ornate design borders with brown squares in each corner. Authentic checks are pink and gray with dark gray borders. The fake checks have the statement "The face of this document has a colored background on white paper" embedded in the top border and "The back of this document contains an artificial watermark--Hold at any angle to view" embedded on the bottom border. It also contains a padlock icon and an erroneous logo (a darkened rectangle with a tree image and "MCT Credit Union," said FDIC in its scam alert … * HARRISBURG, Pa. (2/11/08)--Pennsylvania Credit Union Association Board Chair Diana Roberts has announced that Paula Nihoff and Mike Kaczenski have been re-elected to their seats on the board. Nihoff, CEO of Healthcare First CU, Johnstown, represents District 5. Kaczenski, CEO of Sun East FCU, Aston, represents District 6. A mail ballot election will be held in District 9 to fill the seat held by Fran Muto, who is not seeking re-election. Nominees are Louise Lingenfelser, CEO of UGI Employees FCU, Wyomissing, and Rick Stipa, CEO, TruMark Financial CU, Trevose (Life is a Highway Feb. 4) … * WEST LAFAYETTE, Ind. (2/11/08)--Purdue Employees FCU has launched a mobile account service called PEFCU2Go. The Web-enabled service is powered by MShift and allows members to check account balances, transfer funds and pay bills using their cell phone or other mobile devices. Bill Connors, CEO of the $461.2 million asset credit union, said the credit union is committed to making financial transactons as easy and convenient as possible … * LOUISVILLE, Ky. (2/11/08)--An employee of Beacon Community CU has been charged with identity theft, according to the U.S. Attorney's Office (Kentucky.com and WHAS-TV Feb. 5). Jorge Felitas, 25, allegedly stole personal information from members at the $33.8 million, Louisville-based credit union. Then he and an accomplice, Yohan Villafana, 26, allegedly use the information to obtain credit cards in the members' name. They allegedly bought thousands of dollars of merchandise at Best Buy and made cash advances at ATMs. Arraignment is scheduled for later this month …


RSS print
News Now LiveWire
Online comment letter tool--PowerComment--rolled out nationwide by @CUNA @CANVgovaffairs See #NewsNow http://t.co/SLIxOaVe8H
6 minutes ago
Landmark #creditunion exam parity bill earns @GovernorQuinn signature http://t.co/WcWePlAnfb
23 minutes ago
Fixed-asset cap elimination one item on @TheNCUA board agenda for next week. See #NewsNow http://t.co/N2U5Bq9R24
42 minutes ago
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
17 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
17 hours ago