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CU System briefs (08/03/2011)
* HOUSTON (8/4/11)--Patricia Longoria Garcia, executive vice president of People’s Trust FCU, Houston, and CEO of Signal Hill Investment Services, died at her home July 29, after a battle with cancer, said the Texas Credit Union League (Lone Star Leaguer Aug. 2). Garcia entered financial services in 1994 as a financial adviser with Lincoln Financial Advisors. From 1994 to 1998, she worked with the top three advisers in the Houston area to develop more than 1,500 clients with more than $75 million dollars in assets. In 1998, she began to work with Shell Employees FCU as a third-party adviser to members. From 1998 to 2001, she built a business with more than 200 credit union members and more than $40 million dollars in assets. Garcia worked with the leadership of the credit union to bring the investment business into the credit union, which resulted in the formation of Signal Hill … * HARRISBURG, Pa. (8/4/11)--Service 1st FCU, Danville, Pa., hosted a meet and greet with Northumberland County State Representatives Kurt Masser (R) and Lynda Schlegel Culver (R), said the Pennsylvania Credit Union Association (PCUA) (Life is a Highway Aug. 2). Both Masser and Schlegel serve on the State House Commerce Committee. Among those attending were Harold Hurst, Service 1st director and district director for Masser, and Christina Mihalik, PCUA vice president of governmental affairs. PCUA board member and Service 1st FCU President/CEO Bill Lavage and Service 1st FCU chairman Kathy Linn opened the meeting with an introduction to credit unions. Among the topics discussed during the meeting were small business lending, regulatory burdens and job creation … * LITTLE ROCK, Ark. (8/4/11)--Joyce Judy, the former president of Arkansas Employees FCU, Little Rock, Ark., admitted Tuesday to persuading a member to place $500,000 in a bogus investment, then losing the money when it was wired out of the country by her business partner (Associated Press Aug. 2). Judy pleaded guilty to one count of bank fraud. She could face a maximum of 30 years in prison. Judy persuaded the member to invest $500,000 in what she said was a certificate of deposit, according to the U.S. attorney. Judy then added $500,000 of her own money and used it for a $1 million investment. As part of her plea deal, Judy will reimburse the credit union for its $500,000 loss …


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