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CU System briefs (11/19/2008)
* SAN DIEGO (11/20/08)--Point Loma CU (PLCU), based in San Diego, hosted Jose Eduardo Alvarado Campos, CEO of COOPENAE CU, Costa Rica's largest credit union. Campos' visit, to learn about American credit unions and discuss issues affecting credit unions around the world, was sponsored by the World Council of Credit Unions. Ted Dennis, president/CEO at PLCU, said COOPENAE has products and services similar to those offered PLCU, including insurance. Alvarado, in a demonstration of international cooperation and access, used his COOPENAE debit card at a PLCU ATM without a transaction fee. Campos, left, watches as PLCU staff members demonstrate PLCU procedures. (Photo provided by Point Loma CU) * WICHITA FALLS, Texas (11/20/08)--A former manager of a defunct credit union has been charged with embezzlement from the $1.9 million asset Texdot Wichita Falls CU. Joanna Lynn McGee, 39, is charged with embezzling between $850,000 and $1.9 million from the credit union between 1999 and May 2008 by creating 129 fictitious loans and using them to generate money that was later embezzled or to cover up the embezzlements. The credit union was placed into conservatorship on Sept. 30 and is being operated by Postel Family CU (Times Record News Nov. 18) … * SACRAMENTO (11/20/08)--Michael Edward Osgood, dubbed the 'Straw hat bandit,' was sentenced to three years and 10 months in prison and three years of supervised release for a series of bank robberies in the Sacramento area, according to the Federal Bureau of Investigation's Sacramento field office. Osgood, 47, wore a large brim straw hat during the heists, which included a robbery at Sterlent CU on May 12. He pleaded guilty to that robbery and four additional robberies of banks in the area. He has paid full restitution to seven institutions for the robberies (US Fed News Nov. 17) … * DUBUQUE, Iowa (11/20/08)--Several DuTrac Community CU staff members took a plunge into the Mississippi River and raised $2,000 for the Iowa Special Olympics Saturday. This year's Polar Plunge--the coldest in recent memory--raised more than $15,000, a record. Temperatures for the day, which had snow flurries, were: Water temperature, 42 degrees; air, 34 degrees; and wind child, 22 degrees. Employees participating were Michelle Ariss, Laura Johnson, Jennifer Henson, Patti Butler, Andrea Jaeger, Tye Miller and Kathy Klostermann. (Photo provided by DuTrac Community CU) … * ABERDEEN, Md. 11/20/08)--Aberdeen Proving Ground FCU has partnered with Halls Cross Road Elementary School in Aberdeen, Md., with an official launch scheduled for Friday as part of American Education Week. APGFCU will make financial education presentations in classrooms for every grade level, host free money management seminars on weekends for parents and community members, and provide recognition and reward incentives for student and school achievement. APGFCU already has partnered with five other elementary schools in Harford County … * DALLAS (11/20/08)--Tim Johnson, senior vice president of strategic planning at TwinStar CU in Olympia, Wash., has been appointed to the board of directors of Southwest Corporate FCU, the corporate announced. He will serve the unexpired term of Arno Easterly, who retired earlier this year as CEO of Barksdale FCU, Bossier City, La. Johnson, who has more than three decades of credit union industry experience, is a former CEO of Pacific Crest FCU, Klamath Falls, Ore., and Denali Alaska FCU, Anchorage. He has been a member of Southwest Corporate's Supervisory Committee since December 2007. Prior to the merger between Northwest Corporate and Southwest Corporate, Johnson served on Northwest's Supervisory Committee …


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