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CU System
CU System briefs (08/13/2009)
* ANCHORAGE, Alaska (8/14/09)--A man approached a teller at an Alaska USA branch Friday, inquiring about the balance in his account. He provided his name, account number and photo ID. Then he handed over a receipt with a note on the back that said he had a gun and demanded money. The robber escaped with $600. Police used the information he provided to nab him Monday. Jarell Paul Arnold, 34, of Anchorage, is in custody on federal bank robbery charges (Associated Press Newswires Aug. 13) … * DUBLIN (8/14/09)--New rules requiring Ireland's credit unions to set aside 10% of their assets as reserves will go into effect Sept. 30. The rule will make it easier for the country's 419 credit unions to pay interest on a dividend (savings). The rule originally was opposed by the Irish League of Credit Unions and another association, who said smaller credit unions would be unable to pay a dividend if they were forced to keep the funds as reserves. The league negotiated more flexible rules, winning an extension for smaller credit unions. They will have five years to reach the 10% reserve ratio (Irish Independent Aug. 13) … * SYDNEY, Australia (8/14/09)--A merger of two South Australia credit unions will create a A$7 billion (US$5.87 billion) asset credit union. Savings & Loan CU and Australian Central CU announced the plan to merge, pending member approval. Members of the credit unions will vote in November on the proposal. Both boards have approved the merger. The two credit unions said there will be redundancies but job losses will be kept to a minimum. They have guaranteed the jobs of all member service staff (Bloomberg.com Aug. 13) …


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