Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (04/26/2011)
* DOVER, Ohio (4/27/11)--A false bomb threat closed Dover, Ohio-based Tuscarawas Schools CU for the afternoon Monday. Several calls were placed before noon to employees from a person who said a bomb had been placed in the building and would go off at 2 p.m. The credit union was evacuated and a search did not turn up a bomb. Police and firefighters stayed on the scene and gave the all-clear at 2:15 p.m. However, the credit union closed for the rest of the afternoon ( April 25) … * WICHITA, Kan. (4/27/11)--A Wichita, Kan., man was sentenced to 20 years in prison for robbing the Catholic Family FCU on Nov. 8, 2010 (US Fed News April 25). Deshane Gantt pleaded guilty to one count of brandishing a firearm during a crime of violence. Armed with a 9 mm pistol, Gantt entered the credit union and told employees that this was a robbery and he didn't "want to turn this into a homicide." He vaulted the counter and collected cash from the teller drawers in a pillow case, then fled in a car driven by co-defendant Christopher Crabtree. Police stopped the car and arrested them. Crabtree was sentenced to 51 months in prison earlier this month (News Now April 14) … * BIRMINGHAM, Ala. (4/27/11)--Michael John Young, 42, of Kimberly, Ala., former president of Birmingham-based Alabama Central CU, has agreed to plead guilty to fraud against the credit union (Associated Press Newswires April 26). Court documents filed Monday indicate the fraud involved submitting bogus bills and invoices on behalf of two fictitious companies he created. The credit union paid money into the accounts of the fake companies. The fraud began about two years ago and ended last June, said the report. Young has agreed to pay restitution and forfeit $140,000 … * HARRISBURG, Pa. (4/27/11)--Pennsylvania state Rep. Mauree Gingrich (R-101) gave praise to credit unions during a ribbon-cutting ceremony for Hershey FCU's (HFCU) new facility in Annville, according to the Pennsylvania Credit Union Association (PCUA) (Life is a Highway April 26). Gingrich presented a proclamation, saying, "I truly value the role credit unions bring to the financial services industry, this community and consumers. HFCU is contributing not only locally, but also making Pennsylvania the great state that it is." She thanked HFCU for staying in Lebanon County "so people can continue to benefit from the great services it provides." Also attending the event were Joe Wambach, Pennsylvania Credit Union Foundation executive director, and Christina Mihalik, PCUA vice president, governmental affairs. From left are Hershey FCU President/CEO Diana Roberts, Gingrich, and HFCU Board Secretary Barbara McLaughlin. (Photo provided by the Pennsylvania Credit Union Association) …


News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
7 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
3 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
3 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
5 hours ago