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CU System briefs (09/21/2012)
  • HARRISBURG, Pa. (9/24/12)--The Pennsylvania Credit Union Association (PCUA) Board voted to keep the 2013 association dues at the same level as in 2012, PCUA said (Life is a Highway Sept. 21). "The association board recognizes that credit unions still face economic challenges, and I applaud the board [members] for their strong stewardship of association funds," said PCUA President/CEO Jim McCormack. He noted that this will enable credit unions to continue their voluntary support of the association's awareness campaign for its payday loan alternative program, iBelong …
  • AURORA, Ill. (9/24/12)--Anne Schaal, 66, of Sugar Grove, Ill., has been charged with the theft of more than $30,000 from Aurora (Ill.)  Firefighters CU over a five-year period (Courier News Sept. 21).  Schaal was formerly president of the $1.8 million asset credit union until an audit earlier this year discovered accounting irregularities.  She is charged with felonies theft and unlawful use of a credit card …
  • LINCOLN, Neb. (9/24/12)--Crystal Lankford, 35, of Seward, Neb., has changed her plea Wednesday to guilty in a plea bargain related to the embezzlement of nearly $662,000 from the credit union where she was employed (The Lincoln Journal Star and Associated Press Newswires Sept. 20). The theft allegedly occurred at H.B.E. CU, Seward, from 2006 to 2011. Lankford faced up to 30 years in prison but now won't face more embezzlement or bank fraud charges.  Her sentencing is set for January …
  • WASHINGTON  (9/24/12)--Bill Bynum, CEO of HOPE (Hope Enterprise Corp. and Jackson, Miss.-based Hope FCU) participated in an event in Washington, D.C., hosted by U.S. Sen. Mary L. Landrieu (D-La.) , chair of the U.S. Senate Committee on Small Business and Entrepreneurship, to discuss strategies for bolstering small business ownership and success among African-Americans. At the meeting, Bynum noted that HOPE "has demonstrated that properly structured financing and technical assistance can be the key determinant in an entrepreneur's ability to create jobs that stabilize communities." He told lawmakers that "community development financial institutions like HOPE can make a real difference for people seeking to start and expand their businesses. Many areas are overlooked by traditional lenders. The people in those communities are ready to be successful; they just need the right tools to take the next step." The group included leaders in business, national and local governments, academia, historically black colleges and universities, and entrepreneurship  …


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