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News Now

CU System
CU System briefs (11/17/2008)
* MERRITT ISLAND, Fla. (11/18/08)--Florida police have arrested a man who they say robbed a credit union, hid the money in his prosthetic leg, and used his motorized wheelchair as a "getaway vehicle." Christopher Warren Reed, 45, a paraplegic, was arrested Friday afternoon about 10 minutes after the Merritt Island branch of Space Coast CU, headquartered in Melbourne, was robbed. Police say he entered the credit union at about 4 p.m., claimed to have an explosive device and demanded money. He told police that two men threatened him and ordered him to commit the robbery. Police found the money inside his prosthetic leg. He has been charged with robbery, grand theft, threatening to use a hoax device and aggravated assault (Associated Press via wflxfox29.com and USA TODAY Nov. 17) … * NEWPORT NEWS, Va. (11/18/08)--A woman convicted of hiring a hit man to kill her Navy sailor husband was sentenced Friday to four life terms plus 20 years in a plea bargain that spared her the death penalty. Catherina Rose Voss, 33, pleaded guilty in July in the April 2007 murder of Cory Allen Voss, 30, who was shot to death at an ATM outside a branch of Langley FCU in Oyster Point. Her boyfriend, Michael Draven, 28, is scheduled for trail in March and faces a possible life in prison sentence. Prosecutors are seeking the death penalty for David A. Runyon, 37, of West Virginia, who is accused of being the triggerman in the plot (Daily Press Nov. 15) … * NORTHVILLE TOWNSHIP, Mich. (11/18/08)--Michigan Credit Union League President/CEO David Adams has been appointed to the Michigan Higher Education Assistance Authority (MHEAA), a body of the state Department of Treasury. Its 15 members are appointed by the governor with advice and consent from the Michigan State Senate. It consists of representatives from the state education and lending communities and the public at large. Adams will represent credit unions as lending institutions. His term will expire May 22, 2012 (Michigan Monitor Nov. 17) … * FORT WAYNE, Ind. (11/18/08)--Counterfeit cashier's checks bearing the name of Professional FCU are in circulation, the credit union reported to the Federal Deposit Insurance Corp. (FDIC). In a special alert, the FDIC said the counterfeit items display the $272.9 million asset, Fort Wayne, Ind. credit union's routing number and are similar to the credit unions authentic cashier's checks. The bogus checks display the words, "ORIGINAL DOCUMENT" embedded in the top border. Authentic checks display a telephone number below the name "PROFED" and the credit union's address in the top-left corner … * MICHIGAN CENTER, Mich. (11/18/08)--Members of Michigan Center-based Cascades Community FCU approved a proposed merger with Jackson, Mich.-based EECU--A Community Credit Union by a majority vote on Oct. 20, reports the Michigan Credit Union League (Michigan Monitor Nov. 17). The merger is pending approval from state and federal regulators. In the proposed merger, current EECU President/CEO Steve Cobb will retain his title in the new organization, which will keep the EECU--A Community Credit Union name. No branch closings or layoffs are planned. The credit unions hope to finalize the merger in January …


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CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago