Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (03/10/2011)
* CONYERS, Ga.(3/11/11)--A suspect in a credit union robbery Wednesday afternoon was arrested after a car chase that involved ramming cars and a shootout with police before he was cornered at an apartment complex and surrendered. Cepeda Broughton, 40, of Atlanta is charged in the robbery of Georgia's Own CU in Conyers. A man entered the crdit union at about 3 p.m., brandished a 9 mm gun and fled with an undisclosed amount of money in a stolen truck. The suspect rammed three cars and a police car before police stopped the vehicle. The suspect then fled the truck and a shootout with police occurred over the next 300 to 400 yards, according to police. No one sustained gunshot wounds, but several people in the rammed cars received minor injuries (Rockdale Citizen March 9 and WSBTV.com March 10) … * WACO, Texas (3/11/11)--Michael Chad Reeves of Lacy Lakeview, Texas, was sentenced to eight years in federal prison during a hearing Wednesday in a U.S. District Court in Waco, Texas. He had pleaded guilty to robbing Centex Citizens CU, Mexia, on Oct. 12. In the incident, he handed a teller a note that demanded $10,000 in unmarked bills or the teller would die, and he displayed a pistol tucked into his jeans. He fled with $11,000 in cash. Later, when arrested on an outstanding warrant, he admitted robbing the credit union, police said. In addition to the prison term, Reeves will also serve five years of supervised release and was ordered to pay a $500 fine, $9,900 in restitution and $100 court fee (kwtx.com March 9) … * BAKERSFIELD, Calif. (3/11/11)--Gang member Irvin Briggs, 38, surrendered Tuesday night to authorities at Kern County Jail after a shooting incident outside Kern Schools FCU, Bakersfield, Calif. The incident occurred March 3. According to police he fought with two men in the credit union's parking lot and allegedly shot several times at the other men, who have not been identified. No injuries were reported, but the incident caused a lockdown at three schools nearby. He was booked on suspicion of assault with a deadly weapon, reckless discharge of a firearm, felon/gang member in possession of a firearm and participation in a criminal street gang (bakersfieldnow.com March 9) … * LOCKPORT, N.Y. (3/11/11)--A former bookkeeper at Niagara's County FCU, Lockport, N.Y., has pleaded guilty for a second time to embezzling money from the $43 million asset credit union. Gail M. Witkop, 51, pleaded guilty in Niagara County Court Wednesday to fourth-degree grand larceny and first-degree falsifying business records. She was a bookkeeper at the $42.5 million asset credit union from 2006 to 2008. Sentencing is set for May 12 and is to include restitution of $10,200. In 2008, she pleaded guilty in a city court to a reduced charge, repaid $10,136 stolen from the credit union, and served 75 days in the county work program. Judge Matthew J. Murphy rejected the defense attorney's argument that the new charges constituted illegal double jeopardy (Buffalonews.com March 10) …


RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
10 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
13 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
13 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
14 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
15 hours ago