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CU System briefs (09/24/2012)
  • SANDY, Utah (9/25/12)--A former police officer stopped a robbery suspect as he fled from a Sandy, Utah , credit union Friday. The suspect allegedly entered Salt Lake City-based TransWest CU at 4 p.m. Friday and passed a note demanding cash to a teller (Fox 13 News Sept. 22). The former police officer entered the branch after the suspect left the building. After he received a description of the suspect, the officer left the branch in pursuit of the suspect. The man held 54-year-old Glen Lamar Jensen at gunpoint until police arrived ...
  • SPRINGFIELD, Ore. (9/25/12)--A man who was suspected of robbing the $1 billion asset Oregon Community CU in Springfield, Ore.,  turned himself in to police Saturday and now faces a robbery charge ( Sept. 23). Springfield police were searching for Cody Daniel Gordon, 37, on Friday after the robbery occurred. After walking into the credit union, Gordon allegedly told a teller he had a weapon and then demanded cash. Before he turned himself in, police detectives identified Gordon as the robbery suspect and searched for him at several locations without finding him …
  • RALEIGH, N.C. (9/25/12)--Coastal FCU, based in Raleigh, N.C., has launched its new Student [Cu] Visa card for young adults with no or limited credit history. It touts the importance of establishing good financial practices when building credit and the credit limit increases gradually from $500 top $2,500 over a five-year period. "The basic principle behind the card teaches solid credit management and helps deter the cardholder from falling into credit card debt," said Coastal President/CEO Chuck Purvis.  The card features no interest on balances up to $250 for the first 48 months. Balances over $250 are subject to a non-variable annual percentage rate of 10%. At the end of five years, the card will have a credit limit of $2,500 and a standard 10% APR …
  • CHANDLER, Ariz. (9/25/12)--Fred L. Kent, former president/CEO of Chandler, Ariz.-based First CU, died Thursday at the age of 67. Kent dedicated his entire 37-year-career to the credit union movement. In 1975, he became a federal examiner for the National Credit Union Administration (NCUA). He also served as general manager of J.L. Bammerlin Postal FCU and later as assistant general manager for First FCU after it merged with Bammerlin. Ken was president/CEO of First CU from 1988 until he retired in 2009 and subsequently served as chairman of its board.  He also served on the board of directors of the Arizona Credit Union League for 16 years, three as the board's chairman. He served on the league's Facilities Committee, Audit Committee and Project Services Task Force. Kent also was secretary for Arizona Council of the Blind FCU's board for 23 years. In 2005, he was awarded the Very Outstanding Credit Union Person Award for his accomplishments and involvement in the credit union movement by the ACUL. He is survived by his wife Alletta, their children and grandchildren …


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