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CU System
CU System Briefs (02/13/2013)
  • ENTERPRISE, Kan. (2/13/13)--Pamela Emig, 48, of Solomon, Kan., was sentenced Monday to three years in prison for embezzling $817,000 from Enterprise (Kan.) CU, where she was manager. Enterprise was released from conservatorship on Oct. 12, and is now open for business. Emig also was ordered to pay $817,000 in restitution. She pleaded guilty to one count of embezzlement. From 2005 to 2011 she allegedly kited checks between accounts at the credit union to cover up the embezzlements (Salina Journal Feb. 12) …
  • POCATELLO, Idaho (2/13/13)--Virginia Mecham, 40, of Idaho Falls, pleaded guilty Friday in a federal court in Pocatello, Idaho, to embezzling $23,000 from accounts at Idaho Falls Westmark CU, where she was a teller. The theft was discovered after members contacted the credit union to report unauthorized withdrawals from their accounts, all of which were handled by Mecham. She agreed to pay restitution of $23,625, and faces up to 30 years in prison, a maximum fine of $1 million and up to three years of supervised release. Sentencing has been set for April 30 (Idaho State Journal Feb. 12) …
  • SPOKANE, Wash. (2/13/13)--Spokane Teachers CU (STCU) announced it plans to "reclaim an architectural treasure" by opening a branch in the historic Hutton Building this year. The branch will be located on the building's main floor, and the building will house STCU's commercial lending staff. The seven-story building, valued at $3.5 million, was added to the National Register of Historic Places in 1983 (The Spokesman Review Feb. 8). It was built by Levi and May Hutton who became millionaires when the Hercules Mine struck silver in 1901. They lived in the building's penthouse and hosted lavish parties. The building later was the site of Hutton Settlement, providing a home for children in need of long-term care. The previous owner, Selkirk Trading, filed for Chapter 11 bankruptcy last year. STCU has held the loan for the past 10 years …
  • BIRMINGHAM, Ala., and TALLAHASSEE, Tenn. (2/13/13)--LEVERAGE, the League of Southeastern Credit Unions Service Corp., has hired Kevin Lytle as its new vice president, innovation and business development. He has more than 22 years' experience in marketing, business development, product management and sales within the credit union industry. He will oversee LEVERAGE's product development, marketing and sales team. Lytle previously was vice president, marketing and product management at WesCorp FCU for seven years. There his duties included all marketing strategies, developing new products to reduce operating costs for credit unions and public relations. He was with the Credit Union National Association for 14 years, first with CUNA Service Corp. then as vice president of national marketing at CUNA. He began his duties Monday and is working out of the Tallahassee office …


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