Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (07/06/2009)
* HARRISBURG, Pa. (7/7/09)--The board of the Pennsylvania Credit Union Association (PCUA) Wednesday approved PCUA's partnering with Credit Union Student Choice to offer credit unions a private student loan plan for their members that complements existing federal student loan programs (Life is a Highway July 6). Credit Union Student Choice is a two-year-old credit union service organization offered by more than 50 credit unions nationwide and owned by nine credit unions, PSCU Financial Services, and Callahan and Associates, PCUA said … * HARRISBURG, Pa. (7/7/09)--The Pennsylvania Credit Union Foundation has two new board members--Barbara Bowker, vice president of marketing at Pennsylvania State Employees CU (PSECU), and Chris Woods, CEO of Keystone FCU. They were approved Wednesday by the Pennsylvania Credit Union Association board (Life is a Highway July 6) … * ATLANTA (7/7/09)--A man nicknamed the “Dracula Bandit” was sentenced Saturday for robbing CDC FCU, Atlanta, in 2006. Nathaniel Little Jr., 43, was sentenced to 20 years in prison, followed by five years of supervised release. He also was ordered to pay restitution of $14,669. On Aug. 23, 2006, Little entered CDC FCU wearing a Dracula mask and carrying a semi-automatic gun. He placed a bag on the credit union’s counter, pointed his gun at the tellers, and ordered them to fill the bag with money. Little also told one teller, “Don’t make me have to shoot you.” After taking the money, he fled the credit union. After a long investigation, key witnesses helped the Federal Bureau of Investigation identify Little--who had been arrested on unrelated state charges after robbing the credit union. CDC FCU has $185 million in assets (US Fed News July 4) ... * LA CROSSE, Wis. (7/7/09)--A man was ticketed $96 after he wore a hooded, masked skeleton sweatshirt into the Government Employee's CU Wednesday. Eric Harding, 33, wore the sweatshirt with the face zipped up when he rode up on his bike, but he unzipped the mask as he entered the credit union's lobby. A member at a drive through saw the masked man and called 911 ( and Winona Daily News July 2). Harding withdrew funds for his rent from his account and left on his bike. But police intercepted him and held him as a possible robbery suspect, putting him in handcuffs. Police reports said he was uncooperative and belligerent. When police realized there was no robbery, they ticketed Harding $96 for disorderly conduct and causing a public disturbance by rushing into the building while masked. Check the link for a photo of the sweatshirt … * COLUMBIA, S.C. (7/7/09)--Eric Robinson, 19, and Joshua Stokes, 23, both of North Charleston, N.C., were sentenced Monday in federal court for armed bank robbery and firearms charges stemming from a 2008 credit union robbery, said U.S. Attorney W. Walter Wilkins. Chief U.S. District Judge David C. Norton of Charleston, sentenced Stokes to 97 months in federal prison, and Robinson to a term of 106 months. On Sept. 16, 2008, Robinson and Stokes entered South Carolina FCU, Charleston, S.C, wearing black ski masks and white gloves. Stokes brandished a silver revolver, while Robinson used what appeared to be a 9mm semi-automatic pistol. Stokes ordered everyone to get on the ground, while Robinson jumped over the teller counter. Robinson then put the barrel of his pistol to the back of the head of a teller and ordered employees to open their cash drawers. He stuffed $3,693 into a pink pillowcase. Police officers arrived at the scene almost immediately, arresting Stokes. Robinson was nabbed a short time later. Officers recovered most of the stolen money when the men dropped the pillowcase while running from the credit union (Media July 6) ... * DES MOINES, Iowa (7/7/09)--Reckless driving charges are being filed against a man whose pickup truck struck at car, then traveled at a high rate of speed in reverse up a street before slamming into several unoccupied vehicles in a credit union's parking lot. The incident occurred Monday at 10 a.m. when a pickup truck driven by Kirk Moon, 20, hit a car with a woman in it. When he kicked into reverse, he hit one vehicle, and pushed it into several others and downed a light pole. A passenger in the pickup was taken to a medical center with undisclosed injuries. The events ended with Moon leaving his truck and confronting a television crew trying to cover the multi-vehicle accident (Des Moines Register July 6) …


News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda
14 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief.
16 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today:…
18 hours ago
Seriously underwater homes rise, new-home sales tumble News Now:
18 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants
20 hours ago