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CU System briefs (07/24/2012)
  • HARRISBURG, Pa. (7/25/12)--A teller at First Area FCU, Lewiston, Pa., thwarted a robbery after a masked man entered the credit union, gave the teller a note asking for money in $20 bills, and said he had a gun.  The startled teller asked the suspect for an account number. The question took him off guard and he got spooked and ran from the credit union, said the Pennsylvania Credit Union Association (PCUA) (Life is a Highway July 24). A short time later, a suspect was apprehended by police.  First Area CEO Bonnie Fisher told PCUA:  "We thought something like this would never happen to us because we have busy lobby traffic, but this shows you're never really ready for a robbery. It can happen to anyone at any time." The credit union reviews its robbery training annually but likely will do it more often "so our staff is ready and knows how to react," Fisher said. "Thankfully, no one was injured and the teller is doing fine," she added …
  • SEATTLE (7/25/12)--A Russian hacker who was indicted in May 2011 for denial-of -service cyberattacks on, and eBay, was arrested July 18 in Cyprus, announced Jenny A. Durkan, U.S. attorney for the Western District of Washington. The U.S. is seeking extradiction of Dmitry Olegovich Zubakha, 25, of Moscow, who was arrested for illegal hacking and denial of service attacks in 2008. He also is charged with possessing 15 or more unauthorized access devices and aggravated identity theft for a separate incident involving possession of more than 28,000 stolen credit card numbers in October 2009, said Durkan. Among the victims of the hacking were members of BECU, Tukwila ( July 20) ...
  • COMPTON, Calif. (7/25/12)--Compton, Calif.-based Mid Cities CU President/CEO Melia Keller, left, presented key strategies to serving underserved markets at the World Council of Credit Unions' (WOCCU) Young Credit Union People (WYCUP) session at the 2012 World Credit Union Conference in Gdansk, Poland.  Keller touched on key aspects such as transitioning the unbanked and underserved markets through products they are familiar with and then financially incentivizing them through product discounts for education.  She also spoke about "buy here pay here" dealerships in Los Angeles and how her $25 million asset credit union provided a successful auto loan product that offers credit-challenged members a below-market rate on an auto loan if they agreed to add a Global Positioning System in their vehicle. Attendees from smaller countries were interested in this because they experience heavy auto-loan delinquencies, said the credit union  (Photo provided by Mid Cities CU) …
  • ROCKVILLE, Md. (7/25/12)--Jane Pannier, CEO of the nationwide Realtors FCU will become senior vice president, effective Aug. 1, of NeighborBench, a cloud-based platform that connects credit unions with a team of compliance experts, said NeighborBench. She has 20 years' experience helping credit unions with compliance. Before joining Realtors FCU, she was partner in The Rochdale Group …
  • ALEXANDRIA, Va. (7/25/12)--Charlotte H. Cash has been chosen as president/CEO of  Commonwealth One FCU, based in Alexandria, Va. Cash has 27 years' experience at Commonwealth One in every phase of credit union operations, said credit union board Chairman Rupert Jennings. For the past 12 years, Cash has been vice president, retail sales and marketing. During that time, Commonwealth One grew to more than $300 million in assets and 35,000 members.  Cash joined the credit union in August 1985 as marketing manager and has held numerous management and executive positions since. She is vice chair of the board of the Metropolitan Area Credit Union Managers Association. Cash said that, as president, she would "focus on the major differences between credit unions and banks.  Emphasizing our core philosophy of 'people helping people' will help grow and improved our credit union in a financial environment that has become increasingly competitive and complex." …


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