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CU System briefs (08/04/2008)
* BOULDER, Colo. (8/5/08)--Gerry Agnes has been named president/CEO at Boulder-based Elevations CU. According to the $850 million asset credit union's board, Agnes was selected from more than 200 candidates. Agnes has 22 years experience in the financial services industry, most recently with the $936 million asset Altura CU, Riverside, Calif. There he served in a series of positions, including president/chief operating officer, president of Altura's subsidiary holding company that managed insurance, mortgage, escrow and auto broker companies, and chief financial officer. Prior to joining Altura, Agnes was president/CEO of The Community Foundation serving Riverside and San Bernardino counties in California … * RIVERDALE, Ill. (8/5/08)--Asia Hill, formerly of Gary, Ind., was convicted Friday of aggravated bank robbery charges stemming from a 'Bonnie and Clyde' style robbery of Acme Continental CU in Riverdale on Jan. 19, 2006. Her then boyfriend, Charles Anderson, pleaded guilty earlier and testified against Hill during the two-week trial. The couple, armed with a sawed-off shotgun took over the credit union and escaped with more than $250,000. An informant's tip led to their arrest. Hill faces more than 12 years in prison. She will be sentenced in the fall (Chicago Tribune Aug. 1) … * LOMBARD, Ill. (8/5/08)--Gary Raddon, founder of Raddon Financial Group (RFG), a strategic business unit of Open Solutions Inc., died July 29 at the age of 72, according to a press release (Business Wire Aug. 1). Raddon formed RFG, a strategic research and consulting firm, in 1982. He became a well-known industry expert and speaker and served on the faculties of several state banking schools. He was author of a book, "Developing New Financial Products." Open Solutions acquired RFG in 2006 …


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CU says definition of complex CU needs to be reviewed, and not just based on asset size. NCUA: We are looking at that. #listeningsession
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