Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/11/2012)
  • DEARBORN, Mich. (1/12/12)--A man about to go on trial for the 2001 fatal shooting of an armored-truck guard outside Dearborn (Mich.) FCU (now DFCU Financial CU) pleaded guilty Tuesday.  Norman Duncan, 43, entered the plea to the murder charge just before selection of the jury was to begin (Associated Press via Jan. 11).  Duncan was not accused of pulling the trigger. Two other men, Kevin Watson, 41, and Timothy O'Reilly, 37, already have been convicted in the shooting death of Norman Anthony Stephens, 30, during the robbery while Stephens was loading an ATM outside the credit union.  O'Reilly escaped receiving a rare death sentence after the jury could not reach a unanimous verdict on the death sentence. Six men were involved in the $204,000 heist (News Now Nov. 28 and Feb. 10) …
  • TULSA, Okla. (1/12/12)--A Tulsa man pleaded guilty Monday to robbing the Tulsa (Okla.) CU on July 18, even though he allegedly told the Federal Bureau of Investigation that he does not remember giving a teller a note saying he had a briefcase with a bomb and a gun (Tulsa World Jan. 11).  Steven Paul Wooten, 41, told police he realized he must have committed a robbery when he noticed a large sum of money blowing around in his car and that a voice told him to commit the robbery. The bomb threat was a hoax. Wooten was found mentally competent on Dec. 26 to stand trial. He will be sentenced in a U.S. District Court on April 9 and faces from five years, three months to six-and-a-half years in prison …
  • ORANGE, Texas (1/12/12)--Linda Cupit, president of Orange, Texas-based Sabine FCU is retiring after 31 years of service at the credit union. She will be succeeded by David Meaux. Cupit began her credit union career as a teller in 1980, said the Texas Credit Union League (LoneStar Leaguer Jan. 11). She was the credit union's vice president of accounting until 1995, when she was named branch manager after the Strickland Drive branch opened.  In 2000, Cupit was promoted to chief financial officer. She was named president after the retirement of former president/CEO Lyndell H. Bray.  Cupit is a 1989 graduate of Southwest CUNA Management School  …


News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital
57 minutes ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
5 hours ago
New @FICO score metric expected this week, will include utility payments
6 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
6 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
6 hours ago