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CU System
CU System Briefs (04/26/2013)
  • LUBBOCK, Texas (4/26/13)--Jeffrey B. Hensley, 42, of Lubbock, Texas, has been arrested as a suspect in three local robberies, including the Feb. 13 holdup at Alliance FCU in Lubbock.  Hensley has been charged with one count of credit union robbery. He is also a suspect in robberies on Sept. 14 of First United Bank and Dec. 18 of PlainsCapital Bank. In all three robberies, the holdup man slipped a threatening note to tellers and fled with cash (Lubbock Avalanche-Journal April 25)  If convicted, Hensley faces up to 20 years in prison (Associated Press via San Francisco Chronicle April 25) ...
  • WESTBURY, N.Y. (4/26/13)--NEFCU is celebrating its 75th anniversary by reaching the $2 billion milestone in assets. The Westbury, N.Y.-based credit union began in 1938 as Valley Stream Teachers FCU with nine members and $45 in deposits and served employees of Valley Stream Schools and their families. Today it serves more than 150,000 members. It took nearly 70 years to reach the $1 billion asset mark and six years to double those assets. "While we recognize that many aspects of our business will change, through it all, our mission has and will continue to remain the same--to ensure than our membership and their families achieve financial success," said Edward P. Paternostro, NEFCU president/CEO. In celebration, NEFCU is offering Long Islanders a home equity line of credit with an 0.75% annual percentage rate (APR) for six months and personal loans for $500 to $20,000 with terms from six to 60 months at rates as low as 6.75% APR. It also is offering $75 to those who open a free checking account with direct deposit ...
  • BASKING RIDGE, N.J. (4/26/13)--Beth Degnan, assistant vice president of external affairs and financial education for Affinity FCU, Basking Ridge, N.J., has been appointed to the New Jersey Coalition of Financial Education (NJCFE) Board of Directors. NJCFE Chair Maryanne Evanko made the appointment during the coalition's Annual Membership Meeting in Hamilton Square, N.J., said the New Jersey Credit Union League (The Daily Exchange April 25) ...


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