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CU System
CU System briefs (12/06/2010)
* HIGHTSTOWN, N.J. 12/7/10)--New Jersey credit union leaders
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visited Credit Union House in Washington, D.C., Thursday to present Dan Mica, former president/CEO of the Credit Union National Association for 14 years, a $5,000 check for Credit Union House. From left are: Gary Chizmadia, Credit Union of New Jersey; John Hendery, New Jersey Credit Union League (NJCUL); Tom O'Shea, Aspire FCU; Rina Pantano, N.J. Gateway FCU; Mica; Bill Kennedy, Jersey Shore FCU; Paul Gentile, NJCUL; Bob Steeves, Essex County Teachers FCU; Beth Degnan, Affinity FCU; and Harry Jacobson, Pinnacle FCU. Also present was Pete Bruno, Financial Resources FCU. While there, the group received a regulatory update from CUNA Senior Vice President and Deputy General Counsel Mary Dunn; an election update from CUNA Senior Vice President of Political Affairs Richard Gose; and a governmental update from CUNA Vice President of Legislative Affairs Ryan Donovan. (Photo provided by the New Jersey Credit Union League) … * SANTA ROSA, Calif. (12/7/10)--Redwood CU (RCU) has been named California Credit Union Advocate of the Year by the California Credit Union League. It was selected for exemplary dedication and leadership in the field of political advocacy, including ongoing efforts to educate lawmakers about credit union benefits, and engaging staff and their members in supporting political action to benefit and protect credit unions and members. "Educating lawmakers about the important roles credit unions play in providing consumers and businesses with affordable financial services is a vital role for us to play, so we can continue to serve our communities well," said Robin McKenzie, senior vice president who oversees RCU's government relations efforts … * YUMA, Ariz. (12/7/10)--A federal grand jury has indicted three Yuma, Ariz., residents-- including AEA FCU former Vice President of Business Services William "Bill" Liddle--on charges of conspiracy to commit fraudulent business loans against the credit union. Also charged in the 68-count indictment were Liddle's wife, Rhonda Liddle, and Yuma businessman Frank Ruiz. The indictment alleges that the Liddle conspired with Ruiz to approve suspicious business loans in exchange for nearly $1 million in kickbacks to the Liddles. All of Ruiz's business ventures funded by AEA FCU loans--amounting to more than $25 million have ended in default all three defendants have filed for personal bankruptcy, according to the U.S. Attorney's Office ( KSWT.com Dec. 2 and 3. The three have pleaded not guilty to the charges. The charges carry a maximum penalty of 30 years in prison, a fine of $1 million or both … * ORANGE, Texas (12/7/10)--Sandra H. Cooper, the president and treasurer of Orange County Employees FCU, Orange, Texas, has been indicted by a federal grand jury and charged with embezzling nearly $1.2 million in funds from the $2.6 million asset credit union. The jury returned indictments on 14 counts of embezzlement and seven counts of money laundering. Trial has been set for Jan. 24. If convicted, Cooper faces up to 30 years in prison for each embezzlement charge and up to 10 years in prison for money laundering charges (KFDM.com Dec. 3) … * ROCKFORD, Ill. (12/7/10)--Rodger D. McCoy, 49, of Genoa, Ill., was sentenced to 17 months in prison Thursday for robbing the Genoa branch of Sycamore, Ill.-based Illinois Community CU on Jan. 8. McCoy pleaded guilty to breaking into the second story of the credit union and taking $69,506 in cash and a number of blank certified checks. He turned himself in to police after a surveillance video captured his face. Police recovered the checks and about $67,000 in cash. In addition to the prison term, he was sentenced to three years of parole after his release and ordered to pay $2,780 in restitution to the credit union and more than $4,514 to an insurance company to repair damage to the building during the break-in (Daily Chronicle Dec. 6) …


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