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CU System
CU System briefs (08/04/2011)
* MARQUETTE, Mich. (8/5/11)--A man who robbed Great Lakes First FCU in Rapids River, Mich. was sentenced to 66 months in federal prison on Monday (U.S. Fed News Aug. 1). Carl Alphonso Crane III, 21, pleaded guilty to a charge of armed robbery. Crane was also sentenced to 48 months of federal supervised release after his prison term is complete. The investigation showed that Crane entered the credit union, brandished what appeared to be a handgun, and demanded money from three tellers on duty. Crane was later found hiding in his father’s house and arrested … * SAGINAW, Mich. (8/5/11)--Alan Watson has been named president/CEO of Catholic FCU, Saginaw, Mich. (Saginaw NewsAug 3). Watson has been employed with Catholic Federal for 10 years, serving as acting president since Jan 1. He previously served as senior vice president and chief financial officer. Watson is a graduate of Michigan State University Eli Board College of Business and a graduate of CUNA Management School, University of Wisconsin … * ALISO VIEJO, Calif. (8/5/11)--A teller who allegedly took $70,000 from Capstone FCU in Aliso Viejo, Calif., lost the money gambling, but said he planned to win it back and return the money to the credit union before he got caught (ocregister.com Aug. 3). However, local sheriff’s officials said the plan didn’t work out and they believe Alexander Buduria Flores, 36, stole cash during a one-month period from the $36.4 million asset credit union, according to the Orange County Sheriff’s Department. Flores fled the credit union when his supervisors audited his drawer and told him he was holding too much cash. Flores later contacted a credit union employee and arranged to meet, but instead sheriff’s deputies arrived and took him into custody. Flores had worked at the credit union for three years …


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CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
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Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
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