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CU System Briefs (05/03/2013)
  • BLACK HAWK, Colo. (5/3/13)--A former assistant manager of the Credit Union of the Rockies Black Hawk branch has been sentenced to five years in prison and ordered to pay $275,795 in restitution for a theft in 2011, according to the Jefferson County District Attorney's Office. Suspicions began after discrepancies in the ledger were found by auditors in November of 2011. Prosecutors say Autumn Rene Guillot, 31, of Central City allegedly altered the ledger to align with the small increments of cash stolen from the vault. Guillot was accused of spending the stolen funds at local casinos (Denver Post April 29) ...
  • NEW CASTLE, Pa. (5/3/13)--Victoria Rozanski, 59, of Ellwood City, Pa., has been indicted on one count of embezzling more than $100,000  from a credit union she managed in that city, the Holy Redeemer Parish FCU. The incidents allegedly occurred from January 2003 to May 2009, said the indictment. The small credit union, which operated out of a 10-foot-square room  and was open three hours a week, was absorbed a year ago by the $49.1 million asset Freedom United FCU, based in Rochester. At the time, Holy Redeemer had 234 members and nearly $630,000 in assets (New Castle News May 2) ...
  • STURGIS, S.D.(5/3/13)--The Northern Hills FCU is hosting its Second Annual Community Challenge, asking community members to save a combined total of $1 million in loan interests between now and the end of the year. When the challenge is completed, Northern Hills FCU will donate a total of $7,000 to five local charities. "We are very excited about bringing back the Community Challenge. The support we got from the community last year was overwhelming. We were even able to double our original savings goal of $500,000," said Cindy Griffin, the credit union's CEO. It offers a full line of services and products for mortgages, debt consolidation and vehicle loans to help members save ...
  • KIMBERLY, Wis. (5/3/13)--Capital CU, Kimberly, Wis., awarded $32,000 in grants to charities through its 2012 Capital CU Charitable Giving Fund. The fund, established in 2009, benefits local nonprofits and is administered by the Community Foundation of the Fox Valley Region Inc.  (Post-Crescent April 30). Receiving $5,000 each were: The Boys and Girls Club of the Fox Valley for a kids' meals program; Compassionate Home Health Care to educate residents about flu vaccinations; NAMI Fox Valley for education, support and advocacy related to mental illness; and St. Elizabeth Hospital Foundation to assist poor, homeless, under-insured or uninsured people. The St. Joseph Food Program received $4,000 for nutrition education; Housing Partnership of Fox Cities received $3,000 to support transitional housing to move families out of the shelter. Also, $2,500 each went to to Christine Ann Domestic Abuse Services and greater Fox Cities Area Habitat for Humanity ...
  • ARLINGTON, Va. (5/3/13)--National Cooperative Bank, which provides banking solutions to cooperatives nationwide, announced the appointment of Bill Stewart as vice president, credit union market leader. The bank said it plans to expand its presence in the credit union sector. Stewart has 15 years' experience, most recently developing new services and products at Southeast Corporate FCU, Lake Worth, Fla., where he was national member relationship manager. Among the services he helped create were a new institutional investment advisory service. He also served on a team that secured $70 million in member capital commitments to facilitate a major credit union merger, said NCB. NCB  has a partnership with The Members Group, a wholly owned subsidiary of the Iowa Credit Union League ...
  • SOUTH FORK, Pa. (5/3/13)--Former Board Chairman of PRR South Fork FCU George Yakicic died April 17th at Windber Hospice in South Fork, Pa. Yakicic served on the credit union board of directors for 17 years, and was chairman from 2009 to 2012,  said the Pennsylvania Credit Union Association (Life is a Highway May 2). He enjoyed hunting and fishing and was an avid Pittsburgh sports fan. He will be remembered for his produce and canned food auctions held at many different locations in the area (The Tribune Democrat April 17) ...


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