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CU System briefs (11/02/2009)
* PENROSE, N.C. (11/3/09)--Carolina Mountains CU (CMCU), based in Penrose, N.C., has merged with Durham, N.C.-based Self-Help CU, effective Sunday. "For 35 years our first priority has always been to provide outstanding financial service to our members. By merging with Self-Help CU, we remain dedicated to that mission. We believe wholeheartedly that the decision to merge will not only increase the financial stability of CMCU, but also expand the ability of CMCU to serve communities throughout Western North Carolina," said CMCU CEO Diane Rogers. CMCU has four branches serving more than 7,000 western North Carolina residents and assets of $43 million. It will operate as a division of Self-Help, joining three eastern North Carolina credit union divisions: Cape Fear CU, Scotland Community CU and Wilson Community CU. The merger will give Self-Help a balanced presence of full-service credit unions in western and eastern parts of the state, the credit unions said … * RALEIGH, N.C. (11/3/09)--Nearly 1,000 members attended State Employees' CU's 2009 Annual Meeting Oct. 20 in Greensboro, N.C. SECU 2008-2009 Board Chairman Shirley Bell noted that more than 3,000 volunteers serve the Raleigh-based credit union. Three volunteers--Grady Cooper, Charles Koonce and William Locus--were honored with a video tribute and board resolutions for their cumulative volunteer service of more than 100 years. Irv Ellington and Dr. Al Wentzy were honored by the North Carolina National Guard for their commitment to several of the credit union's initiatives supporting National Guard families in the state. The credit union also elected a new board. Officers include Jim Barber, chairman; McKinley Wooten, vice-chairman, and Jim Johnson, secretary-treasurer. (Photo provided by State Employees' CU) … * SLIDELL, La. (10/3/09)--Adept thieves broke into an ATM at ASI CU Saturday after 11 p.m. by drilling into the combination lock to the ATM's safe. Slidell, La., police said the thieves disabled the ATM's video cameras around 11:30 p.m., and did not force their way into the ATM. The suspects either had a key to the machine or they picked the exterior lock. Then they drilled into the safe's combination lock, opened the door and took an undetermined amount of money. Police estimate the heist took about nine minutes (St. Tammy News Nov. 2) … * RICHLAND, Wash. (11/3/09)--HAPO Community CU donated funds so a children's football team could receive awards after $3,000 of the team's funds went missing. The Kennewick Huskies Grid Kids team bookkepper, Charity A. Smith, 35, of Kennewick, has been charged with second-degree theft. The money was collected to pay for expenses throughout the year, including game and practice jerseys, T-shirts, hats and sweatshirts for 90 players and their families. HAPCO said Friday it would donate $250 to cover the cost of the T-shirts (Tri-City Herald Oct. 31) … * FORT WAYNE, Ind. (11/3/09)--A former CEO of General CU, an $83.4 million asset credit union based in Fort Wayne, Ind., was sentenced to two years in a state prison for embezzling more than $1.57 million from the credit union. David L. Thieme, 50, of Huntertown, pleaded guilty in September to the felony. He was CEO of the credit union from 2004 until he was fired in April 2008. He had been with the credit union since 1988. Thieme also was sentenced to two years of probation and restitution of the $1.57 million. He repaid $982,000 to GCU within a week of his dismissal, said The News-Sentinel (Oct. 31). Court records indicated that Thieme made more than 6,000 unauthorized loan transactions, many of which violated GCU policies and in several instances Indiana law. The theft resulted in losses to GCU from underperforming or nonperforming loans of nearly $2.5 million. His actions included masking loan delinquencies by using general-ledger funds to make payments on them; pulling the trigger on undocumented, interaccount transfers or loans involving unrelated parties or trusts; and approving account maintenance transactions such as modifying obligation dates or delaying payment dates to avoid a loan review, said the article … * AUGUSTA, Maine (11/3/09)--Maine credit unions kicked off the Eighth Annual Ending Hunger Walking Tour Friday at Maine State CU in Augusta. Representatives
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joined Brenda Davis, executive director of Cross Roads Ministries, an Old-Town-based hunger agency that serves Eastern Maine, who will make the month-long journey. The walk is expected to encompass more than 650-750 miles and visit a record 62 communities as well as every county. At each credit union she visits, Davis will pick up a contribution from the Maine Credit Unions Campaign for Ending Hunger, which as pledged nearly $25,000. Pictured at the kick-off are from left, Cindy Barnes of Maine State CU, Davis and the Wompkee, the longest- running, continuous character in the Macy's Thanksgiving Day Parade. Credit unions have partnered with the Wompkee and are selling finger puppets and DVDs to benefit the end-hunger campaign. (Photo provided by the Maine Credit Union League) …


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