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CU System
CU System briefs (03/24/2010)
* YOUNGSTOWN, Ohio (3/25/10)--Howard Shreve, the last charter board member of Associated School Employees CU (ASECU) has resigned from ASECU's board of directors after more than 50 years' service. Shreve helped found Austintown School Employees CU on 1959 in Youngstown, Ohio. It was renamed later. During his tenure, the credit union has merged six credit unions, expanded its field of membership twice, and built two new branch facilities. Currently ASECU has eight branches, serves more than 20,000 members and has more than $150 million in assets. "Howard has helped build this credit union from a small operation in the basement of his home to the successful venture it is today," said President/CEO Michael J. Kurish ... * NORFOLK, Va. (3/25/10)--A Chesapeake, Va., man was convicted in a U.S. District Court on 30 felony counts related to a dozen bank and credit union robberies or attempted robberies and faces up to 383 years in prison. Leonard Earl Roulhac, 39, was found guilty Monday of the robberies, which occurred during a six-month robbery spree last year. He was apprehended in May after an off-duty police officer chased him after the last armed robbery. The financial institutions lost about $36,000 in the heists. He will be sentenced in June (The Virginian-Pilot and The Ledger Star March 24) ... * ORLANDO, Fla. (3/25/10)--Orlando-based Insight Financial CU has shortened its name to Insight CU, effective in May, according to Florida Today (March 19). Credit union officials told the publication they hope the new logo and new outdoor signs and name will boost branch location awareness. The $459 million asset credit union has 10 branches in Central Florida ... * PHOENIX, Ariz. (3/25/10)--Arizona State CU has been named the No. 1 credit union for the fourth consecutive year in the 2010 Ranking Arizona: The Best of Arizona Business, published by Arizona Business Magazine. The rankings are based on voters' opinions in the largest business opinion poll taken in the state. This year, the $1.3 billion asset credit union has opened a new location in Scottsdale, introduced an online account opening service for new and existing members, and responded to changing community needs resulting from the area's economic difficulties by launching a community forum, HelpingAZ.com, for Arizona residents ...


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