Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (07/01/2010)
* HARRISBURG, Pa. (7/2/10)--Alan Musselman of First Commonwealth FCU, Lehigh Valley, and a Pennsylvania Credit Union Association (PCUA) Governmental Affairs Committee member, and Christine Seitz of PCUA were among the community and business representatives on a team that interviewed two candidates for the 131st District state House seat at the Greater Lehigh Valley Chamber of Commerce in Allentown (Life is a Highway June 30). Justin Simmons (Rep.) and Mike Horton (Dem.) will face off in November's general election to fill the seat held by Rep. Karen Beyer, who was defeated in the primaries by Simmons. Topics discussed included financial regulatory reform; business taxes and expansion of the sales tax; transportation funding; and the candidates' priorities. Simmons said he is opposed to increasing financial regulations and business taxes; Horton was noncommittal, said PCUA ... * AUBURN, Mass. (7/2/10)--Police are seeking an aggressive suspect in a string of robberies in Auburn, Mass., including a robbery Monday morning of Central One FCU, based in Shrewsbury. The masked man, claiming to have a bomb, entered the credit union and pointed a gun at two employees, threatened their lives, demanded cash and ordered them to lie face down on the floor before fleeing with the money into the woods. They were the only people in the credit union at that time. In an earlier robbery of a bank June 6 the suspect threatened personnel with a gun and claimed to have a grenade. Police believe he is also responsible for two other robberies in Auburn and several banks in Worcester since 2007 (Telegram & Gazette Staff June 29 and June 30) ... * ST. PAUL, Minn. (7/2/10)--A South St. Paul, Minn., man was sentenced to 60 months in prison for robbing the Wakota Federal CU, South St. Paul, on Oct. 30, said the U.S. Attorney's Office for the District of Minnesota. Steven Lee Olson, pleaded guilty on March 9 to one count of credit union robbery in a plea agreement. Olson also admitted he had committed five other bank robberies and one attempted bank robbery from Sept. 25 to Oct 20, said prosecutors. (Targeted News Service June28) ... * SACRAMENTO, Calif. (7/2/10)--Employees and business partners of The Golden 1 CU contributed 15,989 rolls of toilet paper to benefit
Click to view larger image Click for larger view
local nonprofits, the Sacramento-based credit union announced. The second annual United Way Toilet Paper Drive was on June 18. The credit union said toilet paper costs each agency thousands of dollars each year that could be spent on other forms of assistance. Sponsored by Golden 1, FOX40, AT&T, Foodlink, The Sacramento Bee and Hot 103.5 radio, the combined effort brought in 46,766 rolls of toilet paper, just short of the 50,000 goal. Last year the effort raised 35,000 rolls. Golden 1's contributions represented 35.5% of the total collected. Employees contributed 10,205 of those, with 5,784 from its supportive business partners. Pictured are, from left, front row: Bob Garrison and Scott Ingram, and back row, Lennie Gzesh, Ed Marr, CEO Teresa A. Halleck, Donna Bland, Tammy DAvis and Bill Thorla. (Photo provided by The Golden 1 CU) ... * GREELEY, Colo. (7/2/10)--Geraldine "Jeri" Clara Cranwell, 85, died in Greeley, Colo., on Sunday. She served as president/manager of School District 6 CU (now Weld Schools CU) from 1963 until her retirement in 1990. She was active in the Credit Union National Association and spoke at many conventions, according to the Greeley Tribune (June 30) ...


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
1 day ago