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CU System
CU System Briefs (09/16/2013)
  • DAVENPORT, Iowa (9/16/13)--Kelly Taylor, 52, of Davenport, Iowa, was sentenced Thursday in a U.S. District Court there to one year plus one day in prison on fraud charges stemming from a $500,000 check-kiting scheme. Taylor had pleaded guilty to bank fraud, which occurred at Scott Schools CU between Aug. 28, 2012 and January (Houston Chronicle via chron.com and Quad City Times Sept. 13). As a result of the theft, Scott Schools, a small credit union that served school districts in eight counties of Iowa and Illinois, merged into Bettendorf, Iowa-based Ascentra CU on July 1, said the Times. Taylor allegedly wrote checks on a business account she and her husband had at the credit union and deposited them into their personal account at the credit union, without sufficient funds in the business account. She then wrote checks from the personal account and deposited them in the business account, also without sufficient funds ...
  • RALEIGH, N.C. (9/16/13)--State Employees' CU, based in Raleigh, N.C., today will kick off its fourth annual SECU Supports the Troops campaign, which will run through Oct. 31. All of SECU's 250 branches in the state will collect "wish list" items to provide holiday care packages for North Carolina deployed soldiers. As with its previous campaigns, SECU's goal is to pack 5,000 gift boxes with toiletries, first aid items and snacks, as well as thank you cards and letters from local school children expressing words of encouragement. The cards and letters are a big hit with the soldiers. "What a lift it was to a very tired group of girls and guys when all of the care packages came in after a hard day's work," wrote William Crouch, master sergeant in the U.S. Air Force, in a note of appreciation for packages received by his unit last year. "I've never seen so many grown-ups so excited to read the letters included in the boxes. Everyone was on cloud nine--the gift boxes were a great lift to everyone's spirits." SECU also will accept monetary donations to assist with shipping costs ...


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