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CU System briefs (06/08/2009)
* MADISON, Wis.(6/9/09)--CUNA Mutual Group says that in addition to 52 layoffs it announced Thursday at its Madison corporate headquarters, the company will also lay off 21 employees in its other locations. Those layoffs were announced Thursday also. The employees received 30 days notice. For more information, see CUNA Mutual story in Monday's News Now … * ARLINGTON, Va. (6/9/09)--FDIC FCU and National Science Foundation CU, both based in Arlington, Va., have merged into The Partnership FCU, as of June 1(FOCUS Newsletter June 8). The merger creates a more efficient back-office operation while allowing the front-line organizations to continue offering personal service to their members. The merged credit union "combines the strengths of our individual credit unions to help us achieve economies of scale we cannot create on our own," said Theresa Mann, CEO of The Partnership FCU. Lynn Whalen, former CEO of NSF FCU, is senior vice president of organization and people development for The Partnership FCU. The new credit union's board includes members from both credit unions' former boards. "We look at this as the beginning of a new kind of credit union that can welcome additional credit unions looking for improved cost efficiencies without sacrificing service or brand integrity," said Mann … * SALT LAKE CITY (6/9/09)--Staff at Beehive CU in Salt Lake City foiled a robbery Thursday by locking the doors so the wannabe thief couldn't get into the branch. An employee noticed a man pacing near the front door. When the man donned a beanie over his forehead and a bandanna over his lower face, the employee magnetically locked the inside doors. When he couldn't enter the credit union, he left (The Salt Lake Tribune June 5) … * LEXINGTON PARK, Md. (6/9/09)--Martha R. Thompson, 25, a former employee of Cedar Point FCU's Leonardtown, Md., branch, was charged with providing inside information to at least two men who robbed the $264.5 million asset credit union on Aug. 21, 2004. The heist netted more than $150,000. Thompson allegedly provided the men with the credit union's layout and operations, including which employees would be present the day of the heist and how much money was available. She allegedly received two cash payments to stay quiet. Thompson is charged with being an accessory before and after the incident. The alleged getaway driver, Derrick X. Green, 27, was charged May 19. His uncle, Cornelius L. Chase, 48, was arrested in 2004 as one of the two men who entered and robbed the credit union. His trial will begin next week (The Washington Post June 7) … * WESTERVILLE, Ohio (6/9/09)--Donald E. West Sr., retired CEO of Franklin County School Employees FCU, died June 3 at his home in Westerville, Ohio. He was 73. He was CEO of the $27 million asset credit union based in Columbus for 28 years before he retired. Services were Monday. He is survived by his wife, three children, nine grandchildren (The Columbus Dispatch June 7) …


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