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CU System briefs (02/09/2010)
* NILES, Mich. (2/10/10)--Three northern Indiana men were sentenced to a combined 32 years for an Oct. 11, 2007, takeover armed robbery at Berrien Teachers CU, Niles, Mich., said the U.S. Attorney's Office for the Western District of Michigan. Travis Lenois Allen, 27, and Antiowan Devon Loftin, 26, each received seven years in prison, and Chester Darnell Higgins, 31, was sentenced to 18 years. After their release, all three will service five years of supervised release and were ordered to pay restitution. Higgins' sentence will be served consecutive to an 18-year sentence in another bank robbery. The robbers brandished handguns, gathered employees in the lobby and forced them to lie on the floor, while they stole more than $207,000. A fourth man involved in the heist, Devarence Kimbrough, 22, was shot to death in a second robbery at the credit union on Jan. 18, 2008. At the second robbery, he and two others were confronted by a security guard, who shot two of them. The other two men were sentenced to a combined 19 1/2 years in prison for that incident (States News Service Feb. 5) ... * HARRISBURG, Pa. (2/10/10)--U$X FCU has issued $585,000 in loyalty rewards to its members for 2009, the eight straight year the credit union has issued the reward (Life is a Highway Feb. 5). Since the rewards' inception, the Cranberry Township, Pa.-based credit union has returned $5.3 million to members. "We believe that when the credit union is successful, it's not only a sound business practice to reward the owners of the credit union and share our surplus, but that this practice clearly demonstrates the credit union difference," said David Ackerman, president. The credit union has more than $161 million in assets ... *MIDDLETOWN, Conn. (2/10/10)--MiddConn FCU has established a fund for the families of the victims in Sunday's gas explosion at Kleen Energy Systems power plant in Middleton, Conn. Five people were killed and at least a dozen injured in the explosion (USA Today Feb. 8). The fund was established through the city's mayor's office and donations can be sent either to the mayor's office or to: Families of Kleen Energy Tragedy, c/o MiddConn FCU, 213 Court St., Middletown, CT 06457 (The Middletown Press Feb. 8) ... * EAST SYRACUSE, N.Y. (2/10/10)--A CORE FCU branch building in East Syracuse sustained significant damages after a car driven by Alec Hanreck, 19, of DeWitt, struck the building early Saturday morning. Officials say alcohol and speed were involved. Hanreck was injured and had to be extracted from the car and taken to the hospital. He was charged with driving while intoxicated, said police. The building sustained damage outside and inside, including cracked walls up to the ceiling. However, code officials deemed the building as secure and the credit union opened for business Monday (The Post-Standard Feb. 6) ... * ROSEVILLE, Minn. (2/10/10)--SPIRE FCU has selected Dan Stoltz as its new president/CEO, the board of directors announced. Stoltz had been serving in the dual role as interim president/CEO and executive vice president since the October resignation of former President/CEO John Gisler. Stoltz served as SPIRE's chief financial officer for more than 10 years and alsoy served as executive vice president the last two years. The also served on city councils of Circle Pines and Lino Lakes for 12 years. The more-than $565 million asset credit union is based in Roseville, Minn. and serves 62,000 members ... * GREENSBORO, N.C. (2/10/10)--Lori Thompson has been named president/CEO of Greensboro, N.C.-based Premier FCU, the $113 million asset credit union announced Monday. Thompson began her career at Premier in 1990 as a loan officer. During the past 19 years, she has worked in all areas of the credit union's operation, most recently as executive vice president. She has held that position since 2001 ...


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