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CU System Briefs (10/04/2013)
  • MADISON, Wis. (10/4/13)--The challenges and opportunities faced by community banks are detailed in a new Wisconsin Department of Financial Institutions/Conference of State Bank Supervisors (CSBS)/Federal Reserve System report entitled "Community Banking in the 21st Century: Opportunities, Challenges and Perspective." The report was released during the first ever CSBS-Federal Reserve "Community Banking in the 21st Century" conference. The report draws its results from town hall meetings, a survey of 1,700 bankers in 28 states, and 100 Wisconsin community bankers who were interviewed during a series of roundtable meetings ...
  • RIDGELAND, Miss. (10/4/13)--A fugitive task force arrested a second suspect in the robbery of Members Exchange CU in Ridgeland, Miss. Kenyatta McGee was apprehended in Gainesville, Ga. The task force also seized an unknown amount of cash (Clarion-Ledger Oct. 1). McGee is charged with robbery, conspiracy to commit robbery and one count of kidnapping. Olivia Walker, 31, of Pearl, Miss., an employee of the credit union, was previously charged with conspiracy in connection with the robbery. Police released surveillance video that shows a man dressed in black entering the credit union, which was closed at the time. The suspect used spray paint to cover camera lenses inside the credit union, then allegedly forced two female employees into the backroom before escaping with an unknown amount of cash ...
  • ST. PAUL, Minn. (10/4/13)--General Mills FCU, based in Minnetonka, Minn., has designated the late Merlin J. Magnusson as a Credit Union Builder through the Minnesota Credit Union Foundation. He was the credit union's first general manager and worked for GMFCU from 1966 until his retirement 25 years later in 1991. Magnusson, who died on July 1, joins 22 other individuals who have been honored with MnCUF's Credit Union Builder Award during the past six years ...


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