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CU System briefs (12/20/2012)
  • ONTARIO, Calif. (12/21/12)--The Richard Myles Johnson Foundation (RMJ), the state foundation for credit unions in California and Nevada, announced the names of its new board members starting with Jim Updike, president/CEO Honda FCU in Torrance, Calif., as its new board chairman. Shelly Berryman, vice president of membership development and advocacy at SchoolsFirst FCU in Santa Ana, and Todd Lane, chief financial officer at California Coast CU Union in San Diego, were named vice chairman and secretary/treasurer, respectively. The Richard Myles Johnson Foundation was established in 1958 as the California Filene Foundation and it supports the financial education efforts of credit unions in California and Nevada, with a special focus on youth financial education. Also new to the RMJ board are Patsy Van Ouwerkerk, president/CEO of Travis CU in Vacaville, Calif., and Jon Hernandez, president/CEO of CalCom FCU, of Torrance, Mattel FCU, of El Segundo, and City of Downey FCU. Immediate past-Chairman Carl Stewart, president/CEO of Water and Power Community CU in Los Angeles, served on the board for 10 years and as chairman since 2008 before reaching term limits this year. Also exiting because of term limits after serving for 10 years is Mike Gomez, president/CEO of Fiscal CU of Glendale …
  • BISMARCK, N.D. (12/21/12)--After pleading guilty in federal court to embezzlement and misapplication from a credit union, long-time credit union employee Georgia Schwartz of Glen Ullin, N.D., was ordered to pay back more than $130,000 to Western Cooperative CU, formerly known as Glen Ullin CU (Associated Press Dec. 19). Prosecutors claimed that the theft occurred over 22 years and was concealed by Schwartz, who allegedly maintained two sets of records. In addition to restitution, the federal judge ordered Schwartz, 59, to serve three years of supervised release, with one day in custody credited toward the total. The former credit union employee also was ordered to forfeit two homes she owned …

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RT @IllinoisLeague: Premier CU CEO Jim Roche to @TheNCUA: You're looking at this on a micro level. This will put us back 25 yrs. #fixRBC ht…
2 minutes ago
Matz says # of late filers is going down but @TheNCUA had been too lenient. Still, if CU files late w/valid excus, will not be penalized.
3 minutes ago
.@TheNCUA #listeningsession is for all CU topics: CU asks about penalties for late filers of Call Reports. Next tweet--see Matz response.
7 minutes ago
Matz: We don't want to make it more difficult for you to do business but want you to do business safely 2of2 #listeningsession
17 minutes ago
Matz responds:GAO is pushing us; we are going forward; but whether we include concentration/IRR risk we are going to take another look.1of2
18 minutes ago