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CU System briefs (05/16/2011)
* SPRING VALLEY, N.Y. (5/17/11)--Cynthia Vaughan, 54, CEO of Rockland Employees FCU, Spring Valley, N.Y., pleaded guilty Thursday to bank fraud in the embezzlement of $150,000 from the credit union. She faces up to 30 years in prison and a maximum fine of $1 million or twice the gross gain or loss from the fraud (The Journal News May 14). According to the U.S. Attorney's Office, Vaughan accessed the credit union's computer system to transfer funds from its operating accounts into her personal accounts. The embezzlement occurred from October 2000 to July 2006 … * BATON ROUGE, La. (5/17/11)--Linda S. Dunn, 59, of Zachary, La., a former loan officer and assistant manager at East Baton Rouge (La.) Teachers FCU, was sentenced Thursday to eight years in federal prison for fraud and money laundering that cost the credit union $150,833. Chief U.S. District Judge Ralph E. Tyson also ordered Dunn to pay full restitution to the credit union and its insurer (The Advocate May 13) … * MANSFIELD, Texas(5/17/11)--Texas Trust CU has selected James Minge as the Mansfield, Texas-based, $700 million asset credit union's new president/CEO, effective May 31, announced board chairman Larry Skinner. Minge succeeds retiring CEO Jim Gray, who provided executive leadership to Texas Trust CU for the past 20 years. Minge, a certified public accountant, previously was senior vice president/chief project officer at the $4 billion asset Randolph Brooks FCU, Live Oak, Texas. His position there included being responsible for leading a core system conversion for more than 325,000 members. He also served as senior vice president of operations, responsible for the performance of 37 branch locations, at Randolph Brooks FCU … * NEW CASTLE, Del. (5/17/11)--J. Michael Dunlap of Wilmington, Del., died May 7 at the age of 57 of heart complications (The News Journal via Legacy.com May 10). Dunlap was a credit union volunteer for more than 30 years, including serving on the boards of the New Castle, Dela.-based Delaware Alliance FCU and the former WILDUPCO FCU, said the Delaware Credit Union League (Together May 16). He currently was the financial officer for Delaware Alliance FCU. Dunlap also previously served on the league board, said the league …


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