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CU System
CU System Briefs (03/08/2013)
  • MERIDEN, Conn. (3/8/13)--The Connecticut Credit Union Charitable Foundation has presented a check for $18,450 to The Avielle Foundation of Sandy Hook, Conn.  The foundation, hosted by the Credit Union League of Connecticut, collected donations from across the U.S. and Canada after the Dec. 14 shootings at Sandy Hook Elementary, Newtown, Conn. The Avielle Foundation was established in memory of Avielle Rose Richman, who died in the shootings, by Jennifer Hensel and her husband, Jeremy Richman. Its mission is to reduce violence in communities. "This donation is going to help us fund cutting-edge mental health research and help develop stronger communities in the hope of protecting our loved ones from acts of violence," said Richman. "This will serve as a lasting legacy in honor of our beautiful daughter, Avielle." "We will watch and try to support this project over the next months and years," said Paul Dorner, chief administrative officer, First Bristol FCU, and chairman of the credit union foundation. Pictured are, from left: Dorner; Richman; and Tony Emerson, league president/CEO.  Emerson noted the Avielle Foundation will "promote a long-lasting, positive effect for those affected by the Newtown shooting, as well as other communities." (Photo provided by the Credit Union League of Connecticut) …
  • GOLDEN, Colo. (3/8/13)--A former assistant branch manager at Golden, Colo.-based Credit Union of the Rockies pleaded guilty in the theft of more than $250,000 from its Black Hawk branch.Autumn Rene Guillot, 30, of Central City pleaded guilty to one count of theft over $20,000 on March 1 and faces a possible prison sentence of four to 12 years. The theft occurred in 2011 and was discovered after an unannounced audit uncovered discrepancies in a ledger allegedly maintained by Guillot, one of two full-time employees at the branch. Two deposits listed had not been received by the clearinghouse. Sentencing was set for April 26 (9news.com March 6) …
  • CHATTANOOGA, Tenn. (3/8/13)--Cheryl Watson, a former bookkeeper at Chattanooga, Tenn.-based Southern CU was sentenced in a U.S. District Court in Chattanooga to 15 months in a federal prison in connection with a $396,000 theft from the credit union.  She was employed with the credit union from October 2005 until March 2010. The embezzlement allegedly involved 200 transactions over four years (The Chattanoogan.com March 6) …
  • LEXINGTON, S.C. (3/8/13)--Philip Eugene "Gene" Richardson, a longtime chairman of the SAFE FCU board of directors, died Sunday. He was 89.  Richardson  spent more than 35 years working with credit unions, all but three as an unpaid volunteer. He served as chairman of the Sumer, S.C., $824 million asset credit union for 21 years. He also served on the May Plant CU board for three years and as its paid manager for three years. A memorial service will be in Camden, S.C., today at 1 p.m. at Bethesda Presbyterian Church. He is survived by his wife, Clara; three daughters; one son; 10 grandchildren and five great-grandchildren (Greensboro News & Record March 6) …


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