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News Now

CU System
CU System briefs (03/25/2008)
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WINDSOR LOCKS, Conn. (3/26/08)--Windsor-based 360 FCU teamed up with Alcorn School Family Resource Center to offer a six-week financial literacy course for parents. The course covered financial issues such as creating a budget, accounts, improving credit, loans and credit cards. Karen Bauer, vice president of lending at the $165 million asset credit union, taught the course, with other staff attending to offer information. President/CEO Bob Aresti conducted a presentation on savings accounts. After they completed the course, these participants were awarded a voucher with $10 toward a new savings or checking account at the credit union. The Family Resource Center provided dinner and child care for participants. (Photo provided by 360 FCU) … * WALNUT CREEK, Calif. (3/26/08)--Pacific Service CU has funded the KING (Kids Incorporating Neighborhood Gardens) Leadership program at the Fresno (Calif.) Police Activities League (PAL). The program mentors children living in high-crime areas. It teaches them good behavior and positive choices, and provides a way to work together to clean up low-income neighborhoods. The program started as an after-school detention project. It evolved from a punishment focus to one of reward for good grades and good behavior. Pacific Service CU has more than $1 billion in assets and is headquartered in Walnut Creek, Calif. … * ANCHORAGE, Alaska (3/26/08)--A suspect in a robbery spree and carjacking in Anchorage committed suicide after being cornered in a motor home by police. Police said the man, Michael Ray Stith, 50, died of a self-inflicted gunshot wound (Associated Press Newswires (March 24). Stith was wanted in connection with a robbery Sunday of a credit union and a carjacking; a robbery of a retail store on Saturday; and a holdup at a hotel on Thursday. Stith was convicted of shooting and injuring a policeman 25 years ago and did time in prison for bank robbery and assault …


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