Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/22/2009)
* NAPERVILLE, Ill. (1/23/09)--The Illinois Credit Union League's
Click to view larger image Click for larger view
79th Annual Convention, with a "Shake, Rattle and Roll" theme, will be held April 16-18 at the Hilton Chicago. The delegates' meeting will be April 16 from 2 p.m. to 3:30 p.m. National Credit Union Administration Chairman Michael Fryzel and a pre-recorded presentation by Credit Union National Association President/CEO Dan Mica will be featured, as will motivational speaker Al Masocco, who will incorporate the history of rock and roll into his presentation. Chaz Allen of "Little Know Facts" radio program will speak at the Credit Union Executives Society Illinois Council luncheon on April 18. The convention will close April 18 with artist Sam Glenn presenting a "Kick in the Attitude." Details can be found on the league's website … * CHANDLER, Ariz. (1/23/09)--First CU had donated more $27,000 to the 2008 Children's Miracle Network's "Credit Unions for Kids"
Click to view larger image Click for larger view
fundraising campaign, which benefits children's hospitals. The Chandler, Ariz.-based credit union raised $17,258.27 in various fundraisers. It participated in CO-OP Financial Services Miracle Match Program, which matches $10,000 for credit unions raising at least $10,000. The match meant the total contributed was $27,258.17. Locally, the network provides funds for Tucson Medical Center's Pediatric Unit and Phoenix Children's Hospital. Among those pictured are, from far left: Megan Wall, director of the 1 Darn Cool School at the Phoenix hospital; Lee Bultiman, director of patient and family services; and Desiree Hoogerjuis, community outreach coordinator for First CU. (Photo provided by First CU) … * KANSAS CITY, Mo. (1/23/09)--KC Police CU, located in Kansas City, has promoted Aaron Goff to CEO, announced the board of directors. Goff served as vice president and assumed the position of CEO on Jan. 5, according to the Missouri Credit Union Association (The Missouri difference Jan. 21). Goff has worked in the credit union industry since 1992. KC Police CU has $95.1 million in assets … * DECATUR, Ala. (1/23/09)--Two people, including a former manager of Lauderdale County Teachers CU in Florence, Ala., have been charged with defrauding the credit union of more than $6 million during a three-year period. The trial of Timothy David Shelton, 53, and Melissa Killeen, 39, both of Shoals, began Wednesday. According to prosecutors at the hearing, Shelton allegedly falsified loan applications and Killen approved 21 loans knowing the information was inaccurate. Shelton used the loans--against credit union policy--for his business, which failed. When his loans hit a ceiling, he recruited relatives and friends to join the credit union and apply for loans, and received a share of some of the loan money. Killeen resigned in 2005. ( Jan. 22) …


News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers:
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU
1 day ago