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CU System
CU System briefs (07/15/2009)
* MEMPHIS, Tenn. (7/16/09)--A former credit union executive has filed a retaliation lawsuit against the Memphis Area Teachers CU. Judy W. Bell, a former vice president of liabilities at the $528 million asset credit union, was one of five managers whose jobs were eliminated in June in a restructuring after the credit union lost $10 million in investments. Bell's lawsuit, filed in U.S. District Court last month, alleges the credit union punished her for whistleblowing after she complained to state and federal authorities about fraud, waste and violations of regulations (The Commercial Appeal July 15) … * FARMERS BRANCH, Texas ( 7/16/09)--Marty Oschner, former CEO of Goodrich Employees FCU, Port Neches, Texas, died Tuesday, according to the Texas Credit Union League (LoneStar Leaguer July 15). Oschner was a former league director who advocated the creation of the Financial Alternatives for Consumers in Today's Society (FACTS) Campaign to counter banks' aggressive actions in the courts, the state legislature and Congress. She served as the first chair of FACTS, which eventually became the FORCE Committee. Visitation will be Friday at Forest Lawn Funeral Home, 4955 Pine St., Beaumont, Texas, from 5 p.m. to 8 p.m. Services will be at Forest Lawn beginning at 10 a.m. Saturday … * ALBUQUERQUE, N.M. (7/16/09)--Ivan Roper, manager of St. Gertrude's CU in Mora, N.M., died July 2, said the Credit Union Association of New Mexico. He was 57. Roper became manger of the 600-member credit union in the small rural village after retiring from the local community college in 2000. Besides managing the $1.6 million asset credit union, Roper was active in local water rights associations. He is survived by his mother, three children, grandchildren and one brother …


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