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CU System
CU System briefs (09/06/2010)
* DECATUR, Ill. (9/8/10)--An employee of Decatur, Ill.-based Earthmover CU was charged with five counts of theft by deception after auditors discovered more than $150,000 had been stolen from the accounts of members who were deceased or living in nursing homes. The employee, based at the Forsyth, Ill., branch, who was not identified, was a personal banker assigned to the accounts. The crimes took place from September 2008 until last Wednesday, when the woman was arrested. One member noticed discrepancies in the account and notified the credit union. The credit union is working with authorities in the investigation. The employee will be arraigned Oct. 5 (Herald-Review Sept. 3). News Now had previously stated Earthmover CU was located in Aurora, Ill. ... * MOSS POINT, Miss. (9/7/10)--Singing River FCU has launched a program that will award $10,000 to Moss Point and Gautier high schools and bring financial literacy training to their classrooms. The schools' students will compete to win the money by producing their own "Singing River Shuffle" hip-hop dance videos. The $152 million asset, Moss Point, Miss.-based credit union will post the videos on its website at www.srfcu.org, and the public will chose the winners. The winning school will receive $7,500 and the second-place winner will get $2,500. Singing River FCU will announce the winner at the Moss Point/Gautier football game on Nov. 5. The school also will present financial literacy classes at the schools' economics classes, where students will learn about budgets, credit cards and current data on salaries available to students who finish high school and pursue a college education ...


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