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CU System briefs (08/31/2009)
* NEW YORK (9/1/09)--Municipal CU, New York, N.Y., has reported that counterfeit official checks bearing its name are in circulation, warned the Federal Deposit Insurance Corp. The items display a routing number, 011007092, which is assigned to Money Gram Payment Systems Inc., Minneapolis, Minn. The credit union issues its official checks through Money Gram via an account at The Bank of New York Mellon. The counterfeit checks have a security feature statement embedded in a darkened top border and along the bottom border between two padlocks. Authentic checks have an ornate border with a security statement below the top border and fa heat-sensitive security feature on the left side of the check. A padlock security icon is displayed next to the signature line in the lower right corner … * MONTEREY PARK, Calif. (9/1/09)--E1 Financial CU members
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voted "yes" in favor of a merger of E1 Financial with NuVision FCU, according to a joint statement by the credit unions. The vote was certified by independent auditors on Thursday. Lynn Bowers, CEO of E1 Financial, cited increased branches and ATMs, plus opportunities for additional products and services as reasons for the vote to merge. Pending approval from regulators, the merger should be formal early in fourth quarter. The surviving credit union will be keep NuVision's name. NuVision CEO Roger Ballard will remain CEO and Bowers will become president. It will be headquartered in Huntington Beach, with branches in Los Angeles and Orange counties. Congratulating each other are, from left: Ballard; NuVision Board Chair Robert Geraci; Bowers, and John Cullum, board chair at E1 Financial CU. (Photo provided by E1 Financial CU and NuVisions FCU) ...


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