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Diebold CFO others notified of possible SEC action

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NORTH CANTON, Ohio (3/26/09)--ATM manufacturer Diebold announced Wednesday that the Securities and Exchange Commission (SEC) has notified the company of possible action to address its previously restated financial statements. Diebold is cooperating with the SEC regarding the matter and could enter into a settlement agreement, the company said in a release. Kevin Krakora, Diebold executive vice president and chief financial officer (CFO), and other employees received a Wells notice from the SEC. In the notice, the SEC indicated that Diebold may have violated provisions of federal securities laws. After receiving the notice, Krakora stepped down from his role as CFO and is serving Diebold in a non-financial reporting capacity until the matter is resolved. Leslie A. Pierce, vice president and corporate controller, will take his place for the time being, Diebold said.

CUNA courses receive ACE college credit recommendations

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MADISON, Wis. (3/26/09)--Several learning events and self-study courses for credit union professionals from the Credit Union National Association (CUNA) recently were recommended for college credit by the American Council on Education’s College (ACE) Recommendation Service. Coursework from several CUNA programs was deemed comparable to college level courses and may be used as transfer credits at many colleges and universities. The programs are:
* CUNA Management School in Madison--the longest-running continuing education program for leaders in the credit union movement. It has a three-year development program consisting of a single two-week session each summer. Designed for management personnel who aspire to achieve senior-level positions in the Credit Union System, the school provides leadership skills and lessons as a strategic step toward career advancement. The recommended credit is available for students with a graduation date of 2007 or later. * Certified Executive Program (CEP)--It provides a comprehensive self-study curriculum for employees in the Credit Union System who aspire to reach leadership positions. CEP programs eligible for college credit include the Certified Credit Union Executive (CCUE) designation, the Certified Financial Services Professional (CFSP) designation, and two Specialty Certifications in Lending and Financial Management. * Business Lending Certification Institutes: Fundamentals, Credit Analysis, Advanced Credit Analysis, and Management Strategies. These institutes explore the complexities of business lending and the needs of business owners to help credit unions serve their members’ small- to mid-size businesses. All four institutes are presented in partnership with the Executive Education, University of Wisconsin–Madison School of Business, Small Business Development Center. * Certified Financial Counselor School and self-study Credit Union Financial Counseling Certification Program. The programs teach credit union professionals to help members prevent financial difficulties with responsible money-management techniques, and how to design and implement a counseling program in their credit unions. The on-site Certified Financial Counselor Schools: Parts I and II were originally developed in 2004 in response to the growing amount of consumer debt. The two-part self-study version of the program, created in 2007, was modeled after the school and consists of four learning modules per part. Both the on-site and the self-study versions of this program offer credit union professionals the opportunity to become certified financial counselors. * Regulatory Training and Certification (RegTraC) Level 2 program--a self-study program for compliance professionals that details the laws and regulations affecting credit unions.
Through the ACE program, college and university faculty evaluate courses offered by corporations, professional and volunteer associations, schools, training suppliers, labor unions and government agencies. They also and recommend college credit as appropriate. Evaluation results are published in the National Guide to Educational Credit for Training Programs, distributed annually to college registrars and admissions officers nationwide.