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CU System briefs (04/13/2011)
* MADISON, Wis. (4/14/11)--Jacqueline A. Smith, 32, of Oregon, Wis., a former branch manager and 10-year employee of Dane County CU, Madison, Wis., was charged Tuesday with fraud in the theft of more than $36,000 from the credit union. The embezzlement involved falsifying loans to family members and taking the money for personal use to pay off personal debt. The relatives were unaware of the loans, which were taken out in their names between 2008 and 2010, according to the complaint filed in Dane County Circuit Court (Wisconsin State Journal April 13) … * WICHITA, Kan. (4/14/11)--The getaway driver in a Nov. 8, 2010, robbery of Catholic Family FCU, Wichita, Kan., was sentenced to 51 months in prison after pleading guilty to his role in the heist (Wichita Eagle April 12 and KAKE.com April 11. Christopher Crabtree, 20, of Wichita, admitted he met with co-defendant Deshane Gantt to plan the robbery. He drove with Gantt to the credit union, and Gantt, armed with a pistol, went into the credit union, announced that "This is a robbery … I don't want to turn this into a homicide," and vaulted the counter to collect cash from drawers. During their getaway, the men encountered a police patrol car. When police searched the car, they found loot in a pillow case. Gantt, who also pleaded guilty, is scheduled for sentencing on April 18 … * HARBOR, Ore. (4/14/11)--Chetco (CFCU) FCU President/CEO Stan Baron has announced he will retire May 1. He has more than 40 years' experience in the credit union industry, with nearly 20 years as a president/CEO. He arrived at CFCU in June 2000. Baron oversaw the increase of the credit union's assets from roughly $100 million to more than $370 million and the expansion of its service area to include Coos County. During his tenure, CFCU took a more active role in its communities with an emphasis on assisting small businesses and those often denied access to financial services by national and larger financial institutions. He noted that "after more than 40 years in the credit union industry, it is time to spend more time with the grandchildren." The board of directors, chaired by Dr. Jim Nelson, is working on determining a successor. In the meantime Executive Vice President and General Counsel Peter Spratt will serve as interim CEO … * HARRISBURG, Pa. (4/14/11)--Len Shimko announced his retirement as president/CEO of Cross Valley FCU, Wilkes-Barre on Monday, during the credit union's annual meeting, according to the Pennsylvania Credit Union Association (PCUA) (Life is a Highway April 13). Ed Kaushas, attorney/certificated public accountant, was introduced as the credit union's new CEO. Shimko served as president/CEO for 42 years. He will remain active as treasurer of the credit union's board of directors. Shimko was the 1993 recipient of the Lifetime Achievement Award for Credit Union Professional of the Year, presented by PCUA … * OKLAHOMA CITY, Okla. (4/14/11)--Gary Eugene Sawyer, former chairman of Oklahoma City, Okla.-based Tinker FCU's board of directors, died April 7. He was 68. Sawyer had been a board member since 1991 and served as chairman three times. He is survived by his wife, two step-children, two step-grandchildren, and three sisters and a sister-in-law. Services were Wednesday in Oklahoma City (The Oklahoman April 10) …


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