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CU System Briefs (11/18/2013)
  • HARRISBURG, Pa. (11/18/13)--The Pennsylvania Credit Union Association and its charity arm were honored Thursday by state legislators for supporting an organization called Junior Achievement (Life is a Highway Nov. 15). Sen. Rob Teplitz (D-15), and Reps. Mauree Gingrich (R-101) and Sue Helm (R-104) gave the Pennsylvania Credit Union Foundation three legislative citations in a ceremony at the Giant Center in Hershey, Pa. Elizabeth Ackerman, a coordinator for Junior Achievement, also presented the PCUF with a Donor of the Year Award. On behalf of PCUA, PCUF and state credit unions, foundation Executive Director Joe Wambach (center) accepted the honors. He is shown with Teplitz (left) and Gingrich (right). Wambach praised state credit unions' employees for volunteering thousands of hours to Junior Achievement volunteer teaching programs and its Men's and Women's Symposium. Since 2003, the foundation has given more than $100,000 to Junior Achievement, and individual credit unions have contributed tens of thousands of dollars. (Photo provided by the Pennsylvania Credit Union Association) ...
  • PITTSBURGH, Pa. (11/18/13)--A 59-year old woman was sentenced Thursday by a federal judge to 10 months in prison followed by three years of probation after she pleaded guilty to embezzling more than $100,000 from a church-affiliated credit union (WFMJ.com Nov. 14). Victoria Rozanski, of Elwood City, Pa., admitted in July that she siphoned funds from Holy Redeemer Parish FCU between 2003 and 2009. The judge ordered her to pay back $118,000 to Freedom United FCU, which absorbed Holy Redeemer--an institution that was based out of a 10-square foot room and only open for three hours a week (News Now May 3). When it was acquired by Freedom United FCU last year, Holy Redeemer had 234 members and nearly $630,000 in assets. Freedom United, based in Rochester, Pa., has $49.1 million in assets ...


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