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CU System briefs (03/01/2011)
* EUGENE, Ore. (3/2/11)--Oregon Community CU in Eugene, Ore., has donated $100,000 to Sacred Heart Medical Center Foundation to help medical school students get hands-on experience. The gift funds the Gordon and Joy Lee Hoerauf Endowment for Student Clerkships at the Center for Medical Education and Research at Sacred Heart Medical Center. More than 150 third- and fourth-year medical students receive part of their medical education in PeaceHealth’s hospitals and clinics statewide. The donation is the fourth installment toward a total gift of $1 million over 10 years by the $925 million asset credit union ... * SPRINGFIELD, Mo. (3/2/11)--Postal Federal Community CU (PFCCU) in Springfield, Mo., announced it plans to change its name by the summer, citing the desire to eliminate confusion about who can open an account at the credit union. The $129 million-asset PFCCU was started in 1929 by Springfield postal workers and then expanded membership to include federal employees. In 1994 it expanded its field of membership to serve a much larger group, including everyone who lives or works in a 10-county area in Southwest Missouri. “Now that our membership has been expanded, our current name creates confusion about who can open an account with us,” said Steve Pierson, PFCCU president/CEO. “Based on research we’ve conducted over the last few years, we learned our current name presents a barrier to people who believe they can’t use our credit union. By changing our name, we want to continue to honor our heritage while also letting members of our community know they can use our services" … * BEAUMONT, Texas (3/2/11)--Sandra H. Cooper, 56, president and treasurer of the now defunct Orange County Employees FCU, Beaumont, Texas, pleaded guilty Monday in a U.S. District Court to money laundering and embezzling more than $1.16 million of credit union funds over four and a half years. She faces up to 10 years in federal prison. A sentencing date has not been set, said U.S. Attorney John M. Bales (Targeted News Service Feb. 28). The credit union, with two employees, was housed in the administration building next to the Orange County Courthouse. The National Credit Union Administration declared the credit union insolvent in June 2010 and arranged for members' accounts to be transferred to Sabine, FCU, Orange, Texas … * SAN DIEGO (3/2/11)--Erin Diane Lovellette, 31, a former supervisor at Pacific Marine CU on the Camp Pendleton base in Oceanside, Calif., was sentenced Monday in a U.S. District Court to 18 months in federal prison for stealing $100,000 from the credit union. She also was ordered to pay the full amount in restitution. The theft occurred in May 2002 and was in the form of a tightly wrapped "brick" of $100 bills, which Lovellette later deposited in amounts of less than $10,000 into multiple bank accounts or other financial institutions to avoid currency transaction report filing requirements, said the U.S. Attorney's office (The Valley News Feb. 28) … * WINDSOR, Conn. (3/2/11)--Three branches of Windsor (Conn.) FCU received bomb threats within minutes of each other Monday afternoon, forcing the evacuation of the branches and nearby businesses. Authorities later determined the calls were false alarms. The calls arrived at branches in Windsor, Bloomfield and Granby at about 3:45 p.m. The caller said a bomb was going to detonate in the buildings, according to Granby police. The branches reopened Tuesday ( and The Granby News Feb. 28) …


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