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CU System
CU System briefs (04/02/2009)
* DORCHESTER. Mass. (4/3/09)--Two people were arrested in connection with a robbery Wednesday of Tremont CU, Dorchester, Mass. Charges are pending, and the identities of the suspects had not been released, as of Wednesday, a police spokeswoman said. Two men wearing gray hooded sweatshirts and sunglasses walked into the credit union and said they had a bomb. The robbers demanded money and left with at least $200,000 stuffed into a bag before fleeing the scene (The Boston Globe April 2) … * FLORENCE, S.C. (4/3/09)--A 72-year-old woman, a former lending director at a South Carolina credit union, received a six-year sentence for embezzlement after taking out fraudulent loans in other people’s names and stockpiling more than $1 million between 1998 and 2006 to pay medical bills for her sick husband. Christine McLamb created new loans to pay off existing ones, altered records of members whose identities she stole so they wouldn’t notice and also to protect their credit, prosecutors said. McLamb stole the money from Health Facilities FCU, Florence, S.C., by creating 90 loans in members’ names, prosecutors said (The State.com April 1) … * RALEIGH, N.C. (4/3/09)--State Employees' CU has renovated more than 100 branches across North Carolina, equipping them with a handicap-accessible teller window. While its newer branch buildings incorporate the design, SECU chose to retrofit all its branches. The project took more than a year to complete. The new windows prompted member Tai Martin, who uses the Boone-New Market Street branch, to say that "it's nice to be able to actually see who I'm dealing with in the branch. With the lowered countertop, I don't have to use my knee to sign my name." Patty Munns, senior vice president of SECU's Facilities Services department said, "We have members who are confined to a wheelchair or have limited mobility, and whether they need this service temporarily or permanently, SECU is committed to making all branches member-friendly and convenient for everyone." … * TAMPA, Fla. (4/3/09)--Ed Gallagly, former CEO of Tampa-based Florida Central CU for 44 years, died Tuesday at home after a battle with cancer. He had served on the board of directors of PSCU Financial Services the past 11 years. Gallagly was one of the founders of the Filene Research Institute and served on its research council from 1990 to 1996. He was a director of Southeast Corporate CU from 1977 to 1980 and was a delegate to the World Council of Credit Unions for more than 30 years. He also created the annual Management Perspectives Seminar, which provided the opportunity for boards and CEOs to study international cooperative banking systems abroad. He authored Fair Deal, a book offering credit union alternatives to fringe banking abuses. Gallagly received the prestigious Herb Wegner Award for individual achievement, and was selected as CUES CEO of the Year. In 1997, he was inducted into the Florida Credit Union Hall of Fame. Services are at 10 a.m. ET today in Tampa (Tampa Tribune March 31) …


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