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CU System
CU System briefs (03/06/2012)
  • PITTSFIELD, Mass. (3/7/12)--Felisa Kazimierczak, 43, of Adams, Mass., a head teller at Pittsfield, Mass.-based Greylock FCU, pleaded not guilty Monday to charges of embezzling $58,000 from the credit union, falsely reporting an extortion crime and witness intimidation. Kazimierczak allegedly told police that she found a note on her car threatening her teenage daughter with harm unless she handed over money. However, police said video surveillance showed no one near the car.  She has worked for the credit union for 11 years (Associated Press Newswires March 6) …
  • EAST ST. LOUIS, Ill. (3/7/12)--A former vice president of operations and loan officer at Alton (Ill.) Employees FCU has been sentenced to eight months in federal prison for defrauding the credit union out of $72,000.  Kalicza Tegel-Mills, 26, of  Plainview had pleaded guilty in November to one count of defrauding the credit union by allegedly increasing personal loan amounts without supervisory approval or proper documentation and wrongly posting payments to her and her husband's credit card accounts. She also allegedly used the money to buy a truck. Tegel-Mills also was sentenced to eight months of house arrest and ordered to repay $72,010 to the credit union. She repaid $62,842 at her sentencing hearing (STL Today and The Alton Telegraph via Associated Press Newswires March 6) …
  • BOULDER, Colo. (3/7/12)--Boulder Valley CU, based in Boulder, Colo., was awarded the Education Credit Union Council's 2011 "It's About People Helping People" Lifetime Achiever Award for its financial literacy program. The more than $240 million asset credit union integrated student credit unions into the school district's financial literacy curriculum and incorporated classroom presentations to provide an educational foundation. Its primary focus was to give students an opportunity to manage their own accounts and establish credit responsibility skills before graduation. The program also incorporated on-line financial education modules. Students were trained and worked at the student  branches; drafting class students designed the student branch office; media students developed viral ads to raise awareness of the benefits of joining the student credit union; and selected students served on the credit union's advisory board to develop business plans and marketing strategies …


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NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
3 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
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Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
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Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
8 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
9 hours ago