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News Now

CU System
CU System briefs (09/11/2008)
* ST. LOUIS (9/12/08)--Credit union leaders at Postal Federal Community CU, Springfield, Mo., visited with U.S. Rep. Roy Blunt (R- Mo.) Sept. 8. Blunt talked about credit union issues with Steve Pierson, president/CEO of Postal Federal, and Cathy Stroud, president/CEO of Community Financial CU, Springfield (The Missouri Difference Sept. 10). “Congressman Blunt was interested to hear how the mortgage crisis has affected credit union members in Southwest Missouri and what credit unions are doing to help the situation,” Stroud said. From left are Pierson, Blunt and Stroud. (Photo provided by the Missouri Credit Union Association) ... * ST. LOUIS (9/12/08)--U.S. Rep. Todd Akin (R-Mo.) met with credit union representatives during a breakfast meeting in Wildwood, Mo., Sept. 5. Attendees thanked Akin for co-sponsoring the Credit Union Regulatory Improvements Act and gave him a copy of the Missouri Credit Union Association’s (MCUA) recent study on the subprime mortgage crisis in Missouri (The Missouri Difference Sept. 5). Other attendees included Akin staffers Kevin Roach; Laura Alfeldt, First Community CU, Chesterfield; Kathryn Chillson, Electro Savings CU, St. Louis; Randy Yeck, Vantage CU, Bridgeton; Rosie Holub, MCUA president/CEO; and Amy McLard, MCUA vice president of public and legislative affairs. From left are: Chillson, Alfeldt, Holub, Akin and Yeck (Photo provided by the Missouri Credit Union Association) ... * COLUMBIA, Md. (9/12/08)--The Maryland and District of Columbia Credit Union Association (MDDCCUA) board of directors named congressional candidate Frank Kratovil (D-Stevensville) a “Friend of Credit Unions.” MDDCCUA supports Kratovil’s effort to gain the seat being vacated by another longtime “Friend of Credit Unions,” Rep. Wayne Gilchrest (R-Md.). MDDCCUA confers “Friend of Credit Unions” status on those who demonstrate a willingness to protect, promote and advocate for a positive legislative and regulatory environment for credit unions (Focus Newsletter Sept. 8) ... * CAPITOLA, Calif. (9/12/08)--Bay FCU, Capitola, Calif., sponsored the 26th annual Capitola Art and Wine Festival in Capitola Sept. 6 and 7. Thirty-two Bay FCU volunteers handled ticket sales during the event. The credit union has sponsored the festival for the last five years. About 25,000 were in attendance. About 25% of the proceeds from the festival are donated to local schools for art and sports programs. Bay FCU has $654 million in assets. From left are: Chris Bond, Terry Beech and Bay FCU employees Ruby Stiga, Tiffany Zachmeier, Martha Getchell, Laura Simmons, Lucy Sierra, Jalene Gladstone and Brooke McDonald. (Photo provided by Bay FCU) ... * KINGSPORT, Tenn. (9/12/08)--A woman accused of embezzling more than $100,000 from Appalachian Community FCU pleaded guilty Sept. 6 in the U.S. District Court of Greeneville, Tenn. (Times-News Sept. 8). Trena Bledsoe faces up to a $1 million fine and 30 years in prison. She is accused of taking $105,900 from Appalachian Community FCU, Kingsport, Tenn., between April 2006 and 2007. She was employed at the Rogersville branch as a teller and flagged members’ accounts so that no statements would be sent to the members. She then took $27,000 from the accounts ...


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