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CU System
CU System briefs (11/15/2010)
* WASHINGTON (11/16/10)--Yolanda Powers, 31, of District of Columbia pleaded guilty Wednesday to stealing $35,000 paid by the federal government as retirement benefits into her mother's credit union account after her mother's death. Between June 2008 and March 2009, 11 retirement annuity payments totaling more than $35,000 were deposited into the account of Carol Powers at NASA FCU, Upper Marlboro, Md. The daughter withdrew the funds using ATM withdrawals, check card transactions, checks written on the account, and telephonic transfers to a joint account. She faces up to 10 years in prison, but federal sentencing guidelines could reduce that to six to 12 months of home detention. Powers agreed to make restitution as part of the plea agreement. Sentencing has been set for Jan. 31 (Targeted News Service Nov. 12) … * POMPTON LAKES, N.J. (11/16/10)--New Jersey credit unions Friday brought a Financial Reality Fair to Pompton Lakes High School as part of the state's REAL Solutions initiative. Eighteen volunteers from throughout the state spent the day manning booths and interacting with more than 80 students to provide a hands-on experience completing a monthly budget. Five classes participated. New Jersey credit unions are hosting another fair today at Carteret (N.J.) High School, according to the New Jersey Credit Union League (The Daily Exchange Nov. 15) …


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