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CU System briefs (03/03/2011)
* HARRISBURG, Pa. (3/4/11)--A homeless man turned in $1,440 in cash he found after Robert Stauffer, a lawyer who does work for APEX Community FCU, Pottstown, Pa., lost a credit union envelope stuffed with bills last week while conducting business in the area. According to the Pennsylvania Credit Union Association (PCUA), the man found the cash and flagged down a patrolman to turn it over. Stauffer, who collected the money from police Feb. 24, asked them to help him contact the Good Samaritan to "reciprocate his generosity." Dave Cocci, CEO of APEX Community, told PCUA the credit union and Stauffer plan to make a donation to the homeless shelter (Life is a Highway March 2) … * BEAVER FALLS, Pa. (3/4/11)--A Coraopolis, Pa., woman was indicted Monday by a federal grand jury on 16 counts of bank embezzlement and falsifying records while she was head teller at West-Aircomm FCU. Shirley A. Howl, 55, is accused of embezzling about $400,000 between August 2007 and November 2009 by taking money from three cash machines in the credit union's Beaver branch and making ledger entries before the machines were audited to make it appear funds were transferred to the vault. Then she allegedly "transferred" the money back to the machine so the vault's record would match the amount in the vault, said court records (Pittsburgh Tribune-Review and Pittsburgh Post-Gazette March 2) … * PLEASANTON, Calif. (3/4/11)--Patelco CU, a $3.6 billion asset credit union formerly based in San Francisco, has moved its headquarters to Pleasanton, Calif., in the East Bay area, to be closer to more members and to make it easier to recruit employees. The move occurred at the end of February. Patelco has rented 56,000 square feet in its office building. Roughly 40% of the credit union's California members reside in the East Bay area, the credit union said. It has 41 branches and 270,000 members and 540 employees (Contra Costa Times March 2) … * RIVERSIDE, Calif. (3/4/11)--Altura CU announced that Rosario
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Inzinga, shown here, a member from Riverside, Calif., won $5,000 just by using her Altura Visa Debit Card. Members who used the card to make a purchase between Jan. 1 and Feb. 10 were entered to win $5,000 in the "Cha-Ching" Visa Debit Card promotion. They also had to have a checking account and register the card through Altura's website to participate. A member since 2005, Inzinga, a mother of two, said the money was a welcome surprise. The credit union wanted members to know that the card "is not just a tool for accessing their accounts or getting cash from an ATM," said Jennifer Binkley, Altura chief operating officer. The campaign "was designed to show members how easy it is to use" for everyday purchases, she added. (Photo provided by Altura CU) …


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Pierce: When considering reg burden as it relates to consumer financial protection, it is critical that policymakers understand...(1of2)
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