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CU System briefs (03/12/2008)
* LATHAM, N.Y. (3/13/08)--U.S. Rep. Louise McIntosh Slaughter, right, (D-N.Y.) was presented with the New York State Credit Union League's 2007 Legislator of the Year award by Marie Betti, CEO of Western New York FCU and a league board member, at Slaughter's office last week in Washington, D.C. The award recognizes a legislator who has shown outstanding commitment to issues of importance to New York's credit unions. "Credit unions play an important role in promoting the economic well-being of New York's families, especially those of modest means," Slaughter said. "I will continue to work with these institutions as they strive to assist individuals with their financial needs while fostering community development." Slaughter has formed close relationships with credit union leaders in the 28th congressional district and is one of 14 New York co-sponsors of the Credit Union Regulatory Improvements Act (CURIA). (Photo provided by the New York State Credit Union League) … * SAN DIMAS, Calif. (3/13/08)--Financial Service Centers Cooperative Inc. (FSCC) CEO Sarah Canepa Bang will be featured on "21st Century Business," hosted by Gen. Alexander Haig on CNBC Sunday. She will discuss how the shared branch services at 7-Eleven stores are revolutionizing the way consumers and credit unions perform financial services. Bang also will address the importance of making credit unions the most convenient financial institutions through innovative delivery solutions and more access points for deposit. Air times are: 3 p.m. EDT; 2 p.m. CDT; 1 p.m. MDT; and noon PDT. For specific market dates and air times, use the link … * NEWARK, Ohio (3/13/08)--Fiberglas FCU was forced last weekend to cancel its 68th Annual Meeting due to blizzard conditions. More than 300 members had planned to attend Saturday. The credit union donated unused food from the convention's meals to the Salvation Army of Newark. The charity's representatives said the donation would provide enough food for more than a week. The $97 million asset credit union also donated more than 50 centerpieces to Flint Ridge and LPN, nearby nursing homes. Shown here during the deliveries are, from left: Shani Smith, vice president of marketing at the credit union; John Hughes, administrator at Flint Ridge Nursing Home and Rehabilitation Center; and Luke Kellett, Fiberglas FCU business development officer. (Photo provided by Fiberglas FCU) … * ST. PAUL, Minn. (3/13/08)--A former city employee pleaded guilty to stealing more than $34,000 in coins he collected from parking meters. Vincent C. Schettner, 63, pleaded guilty to one count of felony theft of public funds. He was arrested after a teller at City and County CU in downtown St. Paul told an off-duty police officer that a member regularly deposited large amounts of coins in the credit union, according to court records. He deposited between $1,000 and $1,500 each week and usually took $800 to $900 back in cash (Star-Tribune March 4) … * AUSTIN, Texas (3/13/08)--Austin City Council has authorized a contract with Velocity CU to offer low-interest loans to residential customers of Austin Energy for home energy improvements (Austin Business Journal March 7). Velocity is a $426 million asset credit union based in Austin. The initiative is part of Austin Energy's Power Saver Program. Improvements that would qualify for the loans include HVAC system upgrades, solar screens, attic insulation upgrades and other energy improvement plans …


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