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CU System
CU System briefs (01/15/2013)
  • CINCINNATI (1/15/13)--A former head teller at Cincinnati-based Cinco Family Financial Center CU has been accused of taking $600,000 from the credit union by removing $100 bills from stacks and substituting $1 bills sandwiched between two C-notes (Associated Press Newswires and Cincinnati.com Jan. 11). If convicted, Linda Fite, 52, faces a potential sentence of three years in prison. The thefts allegedly occurred for nearly a decade beginning in 2003, said Hamilton County prosecutor Bill Anderson. Auditors never audited the large bags of money when delivered. They decided on Jan. 25, 2012 to audit the bags, which Fite supervised. Anderson filed an "information," designed to let a person bypass a grand jury indictment and plead guilty …
  • ATLANTA (1/15/13)--Atlanta-based Mutual Savings CU has named Jennifer Fiorenza as president/CEO, effective April 1. She replaces outgoing President/CEO Mike Bryan, who led Mutual Savings for nine years. Fiorenza is assistant controller of AGL Resources, has served on the $70 million asset credit union's Board of Directors for three years and is a member of its Asset/Liability Management Committee and the Policy Committee. She brings 30 years of financial management experience, 23 of them with AGL Resources. Mutual Savings was founded to serve employees of the company …
  • WICHITA, Kan.(1/15/13)--Meritrust CU's board announced that James Nastars will become the Wichita, Kan.-based credit union's new president/CEO, effective Feb. 18. Nastars brings more than 16 years of credit union executive experience as senior vice president of lending and collections at the $1.5 billion asset University FCU in Austin, Texas. Nastars also serves on the board of UFCU Financial Services and CU Business Solutions, and is  board president for North Central Catholic School Corp. in Austin. Interim President/CEO Byron Stout will return to his role as vice president of human resources on Feb. 18 …
  • BASKING RIDGE, N.J. (1/15/13)--Robert Birkhahn, executive vice president of Affinity FCU, died on Jan. 9 in Miami, Fla., according to the New Jersey Credit Union League (The Daily Exchange Jan. 14). He was 49. Birkhahn was also chief member relationship officer at the Basking Ridge, N.J.-based credit union, and he served as CUMAnet's managing director. Affinity FCU President/CEO John Fenton will assist during the transitional period, said the league.  Services for Birkhahn were Monday in Fair Lawn, N.J. (The Record/Herald News Jan. 12) …


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