Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU system briefs (09/23/2011)
* BIRMINGHAM, Ala. (9/26/11)--A federal judge Thursday sentenced Michael John Young, former president Alabama Central CU, to 17 months in prison for bank fraud in connection with fictitious companies whose bills were paid through the Birmingham, Ala.-based credit union. U.S. District Court Judge L. Scott Coogler sentenced Young and ordered him to pay $140,000 in restitution to the credit union. The judge also ordered Young to forfeit the same amount to the government as proceeds of illegal activity. Between about April 2009 and June 2010, Young submitted fraudulent bills and invoices on behalf of two fictitious companies he had created. Neither business had provided any services or goods to the credit union. Young would authorize payment by the credit union of the bills and invoices which he submitted in the name of the fictitious companies. The money paid by the credit union to the accounts of the fictitious companies was controlled and spent by Young … * VANCOUVER, Wash. (9/26/11)--Columbia CU, Vancouver, Wash., was awarded the 2011 Nonprofit Excellence Award for Corporate Community Support by the Nonprofit Network of Southwest Washington. The credit union was recognized for outstanding work in the community, providing support for the nonprofit sector with contributions, volunteer support, and in-kind services targeted to helping one or more nonprofits achieve greater sustainability. Columbia’s philanthropy serves a wide span of community needs including health, the hungry, education, business and animal welfare. Each award recipient received a check for $1,000. The credit union matched its $1,000 award with another $1,000, then requested that the entire amount be directed to Support for Early Learning and Families, an organization dedicated to supporting children and families, located in Vancouver, Wash …


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
1 Day ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
1 Day ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
1 Day ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
1 Day ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
1 Day ago