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CU System briefs (12/05/2008)
* DURHAM, N.C. (12/8/08)--Self-Help CU is offering a $2,500 reward for information about an attack Nov. 24 by four men its CEO and founder, Martin Eakes. The credit union’s reward is in addition to one offered by CrimeStoppers for information leading to an arrest. Eakes was beaten repeatedly and robbed in a parking garage adjacent to the credit union. The men took his wallet, cash and two cell phones (The News & Observer (Dec. 4) … * MOBILE, Ala. (12/8/08)—A man who fired a gun during a credit union robbery and stole a manager’s car was sentenced to seven years and 11 months in prison by a federal judge Thursday. Jarvis Latron McAllister, 22, fired a shot into the ceiling of Mobile-based New Horizons CU on May 9 and yelled, “Everybody get on the ground.” Another man jumped the teller counter and stuffed money from teller drawers into a trash bag. Richardo Eason faces robbery charges in the incident (al.com Dec. 4) … * MODESTO, Calif. (12/8/08)—Four men at a Merced, Calif.-based auto dealer were arrested Wednesday in connection with an auto financing scam involving half a million dollars. Federal agents raided Auto Expo USA and arrested Abdel “Fred” Baset Jawad; Abdul “Manny” Muniem Mohamad Jawad; Najeh “Alex” Kamal Jawad, and Armand Fathic Abdallah, also known as Armando Souza. The indictment alleges that the suspects operated a scheme to enable customers to obtain financing, even if they didn’t qualify, by preparing false financial documents and forwarding the falsified information on loan applications to Modesto, Calif.-based Valley First CU. Based on the incorrect information, the credit union granted financing to about 60 people who were not qualified for a loan (Merced Sun-Star Dec. 4) … * DALLAS, Texas (12/8/08)--Three Tulsa, Okla., men have been charged in federal indictments with a series of burglaries in four states, including a June 30 burglary of $168,000 at Euless, Texas-based Southwest Airlines CU. The affidavit is four Matthew G. Moreland, 20; Jerry Clyde Stephenson Jr., 39; and Victor Revilla Jr., 39 (Fort Worth Star-Telegram Nov. 29). Burglars used power tools to cut through the front-door lock, disabled the alarm and outside lights, and drilled through the safe ... * BURLINGTON, Vt. (12/8/08)--Vermont FCU, a $215 million asset credit union based in Burlington, has named Bernard J. Isabelle as its new president/CEO, announced Board Chairman Curran “Spike” Robinson last week. Isabelle succeeds Joseph M. Finnigan, who served as president/CEO since 1978. Finnigan announced his retirement plans earlier this year and will assist in the transition through first quarter 2009. Isabelle previously served as senior vice president/chief financial officer and senior vice president/chief investment officer at Greylock FCU, a $1 billion asset credit union in Pittsfield, Mass. He also served in senior level positions at several northeast financial institutions including Sikorsky FCU and First Federal Savings & Loan of East Hartford … * ARLINGTON, Va. (12/8/08)--Drema Isaac, president/CEO of Central Macomb Community CU, Mt. Clemens, Mich., has been appointed as a director on the Credit Union Executive Council of the National Association of State Credit Union Supervisors (NASCUS). The announcement was made by NASCUS Credit Union Advisory Council Chairman Mendell Thompson. Isaac has been president/CEO of the credit union since 2002. Before that, she served in key executive positions at Northland Area FCU, Oscoda; and was chairperson of the Community Reinvestment Initiatives Future Vision Committee; vice chairperson of the Metro East Chapter of Credit Unions; and a member of the Governmental Affairs Committee of the Michigan Credit Union League. She will represent District I, filling the unexpired term of Mary McDonald of Genisys CU, Troy, Mich., who retires at the end of the year. Isaac’s term will end in September 2010 …


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