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CU System
CU System briefs (03/03/2009)
* RANCHO CUCAMONGA, Calif. (3/4/09)--Yadira Feliciana-Lacot received the third Kelly J. Purcell Credit Union Memorial Scholarship, named for the California and Nevada Credit Union Leagues' former director of federal government affairs, at a reception at Credit Union National Association's Governmental Affairs Conference in Washington, D.C., last week. She is a graduate student at The George Washington University (GWU) Graduate School for Political Management (GSPM), where Purcell received her master's degree. Originally from San Juan, Puerto Rico, Feliciana-Lacot moved to the U.S. a year ago to attend school and expects to begin the GSPM Master's Program in Advocacy Politics this fall. She is assistant director of communications at the National Minority AIDS Council in Washington, D.C. From left: Lucy Ito, league senior vice president of credit union growth; league President/CEO Bill Cheney; Feliciana-Lacot; GWU Dean Christopher Atherton; Bob Arnould, league senior vice president of government affairs; and Prof. Larry Parnell, GWU director of strategic public relations. (Photo provided by the California and Nevada Credit Union Leagues) … * SAN ANTONIO (3/4/09)--Security Service FCU has reached the $5 billion asset milestone, officials announced Monday. That makes the credit union the largest credit union in San Antonio, the second largest in Texas, and the 10th largest in the U.S. It reached its first $1 billion in 1995, and its second billion in 2001. The credit union achieved $3 billion in 2003 and more than $4 billion in 2007. "We are grateful for the trust and loyalty of our members and our dedicated employees who have made our success possible in these tough economic times," said President/CEO David Reynolds … * SAN FRANCISCO, Calif. (3/4/09)--Two men have pleaded guilty to robbing a San Francisco branch of San Jose, Calif.-based Pacific Postal CU on Aug. 6, with assistance from one suspect's niece, a former credit union employee. Sefo Sagote, 27, and former employee Angelica Sagote, 20, pleaded guilty Thursday. Elisara Taito, 26, pleaded guilty in December. On Aug. 4, two men attempted to rob the credit union but were caught in a "bandit barrier" that protects tellers. They fled with the purses of two members. On Aug. 6, two men robbed the credit union of more than $76,000. Police believe the two incidents are linked. Sefo Sagote faces more than 11 years in prison; Angelica Sagote faces between 46 and 57 months in prison. Taito is to be sentenced on March 23 (San Francisco Chronicle via sfgate.com March 3) … * WINSTON-SALEM, N.C. (3/4/09)--Piedmont Aviation CU has announced it has changed its name to Piedmont Advantage CU. The Winston-Salem, N.C.,-based credit union said the name change is to emphasize its expansion into serving other employee groups. President/CEO Judy Tharp told the Winston-Salem Journal (March 3) the change helps overcome confusion with potential new members who may believe they can't join because they're not employees in the aviation industry. The credit union was established in 1949 to serve employees of Piedmont Aviation and Piedmont Airlines but expanding its field of membership to serve residents in six counties …


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