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CU System briefs (07/09/2014)
  • SANTA ANA, Calif. (7/9/14)-- Counterfeit official checks bearing the name of Orange County's CU, Santa Ana, Calif., are being circulated as part of a national survey scam for a mystery shopper program , according to the $1.1 million-asset credit union. So far, four checks in the amount of $998 have been caught. The counterfeit items display a memo with "June 2014 PYMT" and have the credit union's routing number on them. However, Orange County's CU official checks are issued through Fifth Third Bank ...
     
  • COLUMBIA, Md. (7/9/14)-- As of July 1, Gordon M. Cooley assumed the position of acting commissioner of financial regulation for the Maryland Department of Labor, Licensing and Regulation . He previously was deputy commissioner under Mark Kaufman, who stepped down after four years. The Maryland and D.C. Credit Union Association said it plans to meet with the new acting commissioner soon to make sure industry issues continue to be front and center ( The Daily Scoop June 30) ...
     
  • BOSTON (7/9/14)-- Joseph Finn, board member and clerk for Boston Firefighters CU, Dorcester, Mass., was named commissioner of the Boston Fire Department by Mayor Martin Walsh ( Daily CU Scan July 8). Finn has been on the board of the $193 million-asset credit union for eight years ...
  • MADISON, Wis. (7/9/14)-- UW CU, Madison, Wis., has installed an urban bike-sharing station at one of its branches . With the partnership between UW CU and Madison B-Cycle, members will be able to receive a discounted annual membership. "We're also committed to doing what's right for the environment by supporting this alternative form of transportation," said Brad McClain, executive vice president/chief financial officer at the $1.8 million-asset credit union ...
     
  • HARRISBURG, Pa. (7/9/14)-- Glen Yeager, who has been president/CEO of Utilities Employees CU, for 27 years, announced his retirement ( Life is a Highway July 8). Yeager became CEO in 1987, and the credit union has since grown to more than $1.1 billion from $90 million in assets. It serves 44,000 members from public utilities and energy sector companies in all 50 states, from its sole office in Wyomissing, Pa. "Together we've honed a low-cost 'virtual credit union' model that allows UECU to pay members some of the highest savings rates and rewards of any institution in the country," Yeager said. Upon Yeager's retirement Oct. 1, current Executive Vice President Patricia Zyma will become president/CEO ...
     
  • ST. PAUL, Minn. (7/9/14)-- St. Pascal Parish CU, with $383,000 in assets, has merged with another St. Paul, Minn., credit union . St. Paul FCU, with $129 million in assets, will now serve the parish, school and family members of St. Pascal Baylon Catholic Church ...


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