Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (02/27/2009)
* HARRISBURG, PA. (3/2/09)--John Kebles, left, CEO of Choice One Community FCU, Wilkes-Barre, received the Buck Levins Award from Credit Union National Association (CUNA) Chairman Kris Mecham, right, during the closing session Thursday of CUNA's Governmental Affairs Conference in Washington, D.C. The award recognizes his political involvement in the credit union movement (Life is a Highway Feb. 27). Earlier in the week, Kebles and his credit union were awarded the Credit Union Times Trailblazer Award for Outstanding Political Action. Kebles retired as the credit union's president/CEO in January but remains as CEO and adviser until June 30. Mecham is president/CEO of Deseret First FCU, Salt Lake City, Utah. (Photo provided by the Pennsylvania Credit Union Association) … * BILLINGS, Mont. (3/2/09)--A Seattle man was sentenced Wednesday to three years in prison after using a fake credit report to obtain loans in 2004 at two Billings, Mont.-based credit unions. Thomas J. Cosand, 42, who pleaded guilty to charges at Billings FCU, also was ordered to pay $37,860 in restitution to Billings FCU and Avanta FCU. Cosand convinced the credit union to use a copy of a credit report he brought with him, saying he was purchasing a house and his mortgage company didn't want him to pull another report. He obtained an auto loan in March 2004 and a personal loan the next month. After the second loan, the credit union pulled a credit report and discovered Cosand had civil judgments and collections efforts against him, and had two vehicles repossessed. Billings FCU has $75.9 million in assets; Avanta FCU, $137.2 million assets (Associated Press Newswires Feb. 26) … * SAN FRANCISCO (3/2/09)--OSU FCU, Corvallis, Ore., is assisting students in the Oregon State University Chapter of Students in Free Enterprise (SIFE) in teaching financial literacy courses to Corvallis high school students at Harding Center, an alternative education facility. SIFE participants will use the approved standardized curriculum and deliver the training under the supervision of Anissa Arthenayake, the $537 million asset credit union's director of community education, and Sandy Neubaum, associate director of the Austin Entrepreneurship Program. Arthenayake said supporting financial literacy education allows OSU FCU to invest in the community and help students acquire critical professional skills (US Fed News Feb. 25) …

RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
8 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
11 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. See also:
12 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
12 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux
12 hours ago