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CU System
CU System briefs (12/09/2010)
* SYRACUSE, N.Y. (12/10/10)--Whitney Allen, 22, of Syracuse pleaded guilty Thursday to stealing more than $6,375 from Syracuse-based Empower FCU from July 25 through July 30 in a check-cashing scheme. She was charged in Onondaga County Court with one count of third-degree grand larceny and six counts of falsifying business records by making improper withdrawals each of the six days. She deposited "dead checks" into an account and withdrew cash before the account was verified and also used a credit union ATM card at local retailers. She told police she learned the scheme from her mother, who was one of six others charged in the check-cashing scheme. In a plea bargain, she will receive straight probation with no jail time. Sentencing is set for Feb. 3 (The Post-Standard via syracuse.com Dec. 9) … * INDIANAPOLIS (12/10/10)--Financial Center (Finance Center FCU) has added ZashPay, a person-to-person service that allows members to transmit or receive money using their credit union account, to its BillPayer System. Members can send money to people by using their e-mail address or phone number, regardless of what financial institution the recipient uses. The payment is deducted from the sender's account and deposited directly into the recipient's account in one business day, said the credit union's press release. Finance Center has $409 million in assets …


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News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
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Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
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.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
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