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CU System briefs (08/25/2008)
* HARRISBURG, Pa. (8/26/08)--The Pennsylvania Credit Union Association (PCUA) says a credit union in the western part of the state reported suspicious circumstances when a potential new member inquired about opening a "business deposit account." The person said to expect a large wire transfer deposit but later wanted to open the account with a $10,000 check deposit. Staff told the individual the credit union would place a hold on the check and perform due diligence on the business. "At that point, the individual began acting suspiciously 'too nice,' and claimed to have other credit union deposit accounts," said PCUA (Life is a Highway Aug 25). When asked for the names of the credit unions, the person said he (or she) would back to the credit union later. A due diligence check on the business entity and credit report contained little or no information about the company. The credit union decided not to open the account and filed a Suspicious Activity Report. Another credit union nearby was approached in the same way. PCUA urged credit unions to implement a Bank Secrecy Act/ Anti-Money Laundering (BSA/AML) program, which requires due diligence for both consumer and business account activities … * FRANKFORT, Ky. (8/26/08)--The Kentucky Credit Union League hosted a legislative appreciation breakfast for the Kentucky delegation attending the National Conference of State Legislators, during July in New Orleans. Of the more than 6,000 conference attendees, Kentucky 56 legislators plus some staff represented the state. Twenty lawmakers and family members attended the league's breakfast, including Majority Whip Rocky Adams, right, shown with league President Wendell Lyons. The league also assisted the Credit Union National Association with its booth in the exhibit hall. In 2010, Kentucky will be the host state for the conference, which will be in Louisville.(Photo provided by the Kentucky Credit Union League) … * KNOXVILLE, Tenn. (8/26/08)--The Knoxville (Tenn.) Area Chapter of Credit Unions (KACCU) and the Knoxville Police Department hosted a ribbon-cutting ceremony and open house for the new "My Credit Union" building at Safety City Aug. 15. Safety City is a police department
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community service project that provides "hands on" safety education for elementary school children, within a child-size setting complete with buildings, paved streets and sidewalks, working traffic signals and traffic signs. About 15,000 people visit the site each year. KACCU conducted six years of activities to raise more than $22,000 to build "My Credit Union." From left are: Vickie Dagnan, Safety City director; Tom Gaines; Sterling Owens, chief of police; Becky Lawson, KACCU official, Knoxville TVA CU; Jeremy Hodges, president KACCU, KPO CU; Lea Ann Swann, KACCU official, Covenant Health FCU; Griffen Hipple, KACCU official, Alcoa TN FCU; Becca Montgomery, CEO of Covenant Health FCU and league director; Terry Brawley, CEO, Knox County Employees CU; and Sandy Lingerfel, CEO, Clinchfield CU and Credit Union National Association director. (Photo provided by the Knoxville Area Chapter of Credit Unions) … * MIRAMAR, Fla. (8/26/08)--Eastern Financial Florida CU, based in Miramar, raised more than $5,000 to help Haiti with its emergency food crisis. The $1.786 billion asset credit union's month-long Help for Haiti campaign which included making donations to Food for the Poor, a Broward-based charity that fights poverty in the Caribbean. The organization said the funds raised by the credit union would feed 430 Haitian families for a month (The Miami Herald Aug. 24) …


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