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CU System briefs (03/16/2012)
  • WHEELING, W. Va. (3/19/12)--A man convicted of robbing First Choice American Community FCU, Elm Grove, W. Va., and banks in two other states was sentenced to 12 years and seven months in prison by a federal judge last week (Associated Press March 14). Jeremy T. Dugan pleaded guilty to robbing First Choice American Community FCU; First Commonwealth Bank, Oakdale, Pa.; and PNC Bank, Perryville, Md. Dugan also will forfeit about $8,300 stolen from the banks. After he completes his sentence, he will spend three years on supervised release …
  • AKRON, Ohio (3/19/12)--A Columbus, Ohio, man was sentenced last week to 20 years in prison for the armed robbery of an Akron credit union and  sandwich shop last year (Akron Beacon Journal March 13). Phillip J. Bloodworth and an accomplice allegedly attempted to rob Buckeye State CU two days after Bloodworth allegedly robbed Penn Station East Coast Subs Shop. Bloodworth was convicted of two counts of aggravated robbery, a gun specification and other weapons offenses. In the credit union robbery attempt, a security guard drew his gun and the suspects fled …
  • BALTIMORE (3/19/12)--A Maryland man was sentenced to 13 years in prison for a crime spree in South Dakota last year that included the robbery of the Brookings, S.D., branch of Huron, S.D.-based Dakotaland FCU. Gary Allen Densmore, formerly of Glen Burnie, Md., had pleaded guilty to the robbery in May. He was sentenced in a Baltimore court to 157 months in prison--97 for three counts of bank robbery and 60 for violating a supervised release on previous conditions.  The credit union was robbed on Feb. 14, 2011. Densmore was arrested on the following March 3 in a stolen car in Savage, Minn. The crime spree included robberies in Maryland, Wisconsin and Iowa in February and March 2011 ( March 15) …
  • SEATTLE (3/19/12)--Salal CU, Seattle, announced that Russell Rosendal has been selected as its new president/CEO. Rosendal, formerly the credit union's chief financial officer (CFO), joined the credit union's staff in September 2009.  Rosendal has more than 25 years'  experience in the financial industry. He has served as executive vice president/CFO at both Cascade Bank in Everett and Foundation Bank in Bellevue, and as vice president of finance, planning and analysis for Washington Mutual before joining Salal.  Since he joined the credit union, it has grown to $344 million in assets from $245 million. "Salal CU has a culture of risk awareness," said Rosenthal. "We do our research and our due diligence, and when we've established the best course of action, we move aggressively. Our members know their best interests guide our every move and decision," he added …
  • RALEIGH, N.C. (3/19/12)--Phil Greer, senior vice president of loan administration at State Employees' CU (SECU) in Raleigh, N.C., died March 9 at the age of 63.  Greer was with the $13.5 billion asset SECU for 32 years and was responsible for all lending functions there, said the North Carolina Credit Union League in its Weekly Update (March 16).  Greer served for nine years as a member of the Executive Committee for the CUNA Lending Council, including two years as chairman.  He also served as a member of the Credit Union National Association governmental affairs subcommittee for consumer protection.  Greer was a past member of the Fannie Mae and Freddie Mac Credit Union Advisory Boards. He is survived by his wife, two daughters and five grandchildren …


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