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CU System briefs (03/25/2009)
* NEW YORK (3/26/09)--Washington Square News, a campus paper at New York University, is urging New York University FCU to offer student loans. NYU FCU is considering expanding its services to offer student loans as early as the Fall 2009 semester, said the editorial Tuesday. "We feel this would be a wise and necessary decision in order to ensure that students are able to afford education during the recession," said the newspaper. "We hope that NYU FCU will choose to provide student loan services," said the editorial, noting students would benefit from lower interest rates, no collateral requirement and the security offered by a small, local system. The editorial also discussed credit unions' structure and philosophy and gave information about the $11.2 million asset credit union. For the complete editorial, click on the link … * CHARLOTTE, N.C. (3/26/09)--Forty representatives from North and South Carolina credit unions raised about $57,000 during a charity golf event for the Victory Junction Gang Camp, a NASCAR-themed facility for chronically and terminally ill children. The Fifth Annual Carolinas Cup, held March 15-17, in Southern Pines, N.C., was hosted by the Carolinas Credit Union Foundation, the North and South Carolina Credit Union Leagues, and CUNA Mutual Group. The annual event has generated more than $222,000 for the camp, founded by NASCAR driver Kyle Petty and his wife, Pattie, in memory of their son, Adam, who was killed in a NASCAR racing accident in 2000. From left are John Slack, president/CEO, Carolinas Credit Union Foundation; Kyle Petty; and Robin Kolvek, sales manager, CUNA Mutual Group South Region. (Photo provided by CUNA Mutual Group) … * OMAHA, Neb. (3/26/09)--Caroline Domanski, 62, a former executive of First Nebraska Educators and Employees Group CU, was sentenced to two years in prison and ordered to pay more than $786,000 in restitution for embezzling $1.4 million from the Omaha-based credit union. Domanski also was ordered to serve four years supervised release after the prison sentence. She was a former vice president of accounting during the embezzlements, which began in 1993 and continued over 15 years, said court documents (Associated Press Newswires March 25). Domanski created fake entries into various ledger accounts and made cash withdrawals from accounts and from the credit union's vault. The sentence resulted from a plea bargain …


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