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CU System
CU System briefs (01/27/2010)
* BIRMINGHAM, Ala. (1/28/10)--A Knoxville, Ala. woman has been indicted by a federal grand jury on charges she allegedly stole $39,000 from Alabama CU. Christa Anne Boler, 29, who worked at the credit union in Tuscaloosa, was charged with one count of bank fraud (Targeted News Service Jan. 25). She is accused of submitting false deposit and withdrawal slips to hide thefts from the teller drawer. The incidents allegedly occurred between July 2008 and January 2009. The maximum sentence for the bank fraud charge is 30 years in prison and a $1 million fine. The indictment also seeks forfeiture of the $39,000 to the government as proceeds of illegal activity ... * WYOMING, Pa. (1/28/10)--The Wyoming (Pa.) Area School Board Tuesday night approved establishing an in-school branch of UFCW FCU in a local school. The vote was 5 to 4. Credit union President/CEO John Hayduk told the board UFCW will invest about $50,000, including $12,700 a year for the working students, and will promote financial literacy. Another credit union, Wyoming Area FCU, attended and said that credit union had not been given an opportunity to provide a similar service (timesleader.com Jan. 27) ... * VIRGINIA BEACH, Va. (1/28/10)--The board of Beach Municipal FCU has named Geri Metzger as CEO, effective Dec. 21. She had been interim CEO since the beginning of December. With more than 25 years of experience, Metzger had served as chief operations officer since 2000. Prior to that, she was a consultant for the Virginia Credit Union League, a senior systems representative and auditor for the Maine Credit Union League and other key positions at several credit unions in Maine, Texas and Florida. Beach Municipal FCU is located in Virginia Beach. It has more than $100 million in assets ... * ST. LOUIS (1/28/10)--The official ribbon cutting ceremony for Vantage CU's two
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newest locations in Des Peres and Eureka, Mo., was Jan. 20 at the Eureka location. Vantage and Spirit of St. Louis CU merged on Dec. 1. The credit union donated $500 to the Wyman Center in Eureka, a camp serving teens from the St. Louis region. The merger was a "mutually beneficial endeavor for both credit unions said CEO Hubert Hoosman. Vantage expanded its reach to serve members in West County, and Spirit members obtained more locations, mortgage and investment services, and free money-management and educational services. From left are: Weldon Tieken, former Spirit board member; Rhonda Huddleston, Eureka branch manager; Hoosman,; Dr. Jerry Eichholz, board president; Shelly Hulser, Eureka Chamber; Alesia Hanners, Wyman Center; Nancy Jaeger and Tracie Bibb, Eureka Chamber members; and Debbie Jewell-Harmon, Eureka branch. Photo provided by Vantage CU) ...


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