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CU System
CU System briefs (09/08/2011)
* BALTIMORE (9/9/11)--A Maryland woman was sentenced to six years in prison for bank fraud conspiracy and aggravated identity theft related to a scheme to obtain fraudulent loans from credit unions where she worked. Latesha Brown, 33, of Edgewood, Md., also was sentenced to seven years' supervised release after the prison term and ordered to pay restitution of $124,000. From September 2004 through August 2010, a group of family and friends allegedly sought fraudulent loans which Brown allegedly facilitated or processed. From March 2007 to Aug. 5, 2010, Brown allegedly applied for jobs at 33 credit unions and for membership in 29 credit unions, often reapplying to the same institution on multiple occasions with new false identities. In some, she applied for loans in her name and other names, using stolen ID information, said the plea agreement. Christopher Houston, 34, of Edgewood and Donald Brown, 31, Elkton, pleaded guilty to related charges of bank fraud conspiracy and are to be sentenced Sept. 22 (US Fed News Sept. 7) … * BARTONVILLE, Ill. (9/9/11)--David E. Morris, 48, East Bluff, Ill., faces up to 60 years in prison on two charges of holding up the Redbrand CU twice last month. The Bartonville, Ill.-based credit union was robbed Aug. 17 and again Aug. 29. Each time the robber implied he had a weapon. Police traced a cell phone number to Morris, said the Peoria Journal Star (Sept. 8) … * SACRAMENTO, Calif. (9/9/11)--California's Credit Union Program in the state's Department of Financial Institutions has appointed Janet Nozaki as financial institutions manager in the Los Angeles area. Nozaki was formerly chief examiner of the Financial Service Division and supervising examiner for the Division of Financial Oversight (DFI Monthly Bulletin August) … * LANSING, Mich. (9/9/11)--William Taylor, president/CEO of Motor City Co-op CU, Clinton Township, Mich., has retired, effective Thursday, after more than 40 years in the credit union industry. He had served as president/CEO of the $116 million asset credit union since 2009. He also served as president/CEO of First Financial CU. Motor City Co-op CU's Board of Directors has appointed Steven Andrews as its new president/CEO. Andrews has worked in the credit union industry for more than 12 years as an auditor. He has been executive vice president/chief financial officers of the credit union since 2006 (Michigan Monitor Sept. 6) …


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