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News Now

CU System
CU System briefs (04/04/2008)
* BOULDER, Colo. (4/7/08)--At a special meeting Thursday, the Elevations CU Board of Directors named Chief Operating Officer (COO) Evelyn Polando as interim president/CEO. Board Chair Lynn Walloch made the announcement in a press release Friday. Polando has 38 years of experience in the credit union industry. She was hired by the Boulder-based credit union as vice president of operations in 1999 and named COO in 2001. Before joining Elevations' staff, she was vice president of installation at Summit Information Systems, a Fiserv company. Elevations President/CEO Bill Sterner suffered a heart attack on March 28 and died March 31. The board has begun conducting a search for a permanent CEO of the $800 million-plus asset credit union … * HARRISBURG, Pa. (4/7/08)--A scam aimed at senior citizens almost snagged a member of Lesco FCU, a $44 million asset credit union in Latrobe, Pa., reported the Pennsylvania Credit Union Association (Life is a Highway April 4). The member received a phone call from some posing as the credit union. The caller said a $189 check was clearing her account to purchase magazines and that Lesco wanted to make sure she had written it. The caller read the credit union's routing number as if reading from the check and asked the member for the second set of digits and current check number to verify the account. The scammer gave the impression the credit union was protecting her from fraud. The next day, the member called the credit union. Alert staff caught the check, which tried to clear the account on Thursday. It was made out to Secure Account Services LLC. An internet search for the company found a site that includes complaints from other seniors who experienced similar situations …


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Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
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