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CU System
CU System briefs (01/28/2011)
* BRUNSWICK, Maine (1/31/11)--Marsha Richard, a long-time employee of Brunswick, Maine-based Atlantic Regional FCU in the cards department, has been sued in a civil court by the credit union for allegedly embezzling more than $519,000 by siphoning funds from checks returned for insufficient funds. She worked for the credit union for 23 years. The FBI is investigating and the amount is expected to be higher. The incidents allegedly went on for at least six years ( myfoxmaine.com Jan. 27 and Weekly Update Jan 28) … * ST. PETERSBURG, Fla. (1/31/11)--Credit union service organization (CUSO) PSCU Financial Service's headquarters was recognized as one of the first Green Business Partners in Pinellas County, Fla. The CUSO completed an assessment documenting its recycling, paper reduction, water conservation and energy conservation measures, and passed an on-site inspection by the University of Florida/Pinellas County Extension Office. Mike Yatros, interim CEO of the CUSO, noted, "we have implemented and documented dozens of ways that we reduce paper consumption, encourage recycling, and conserve energy and water in our headquarters building and its landscaping" … * RALEIGH, N.C. (1/31/11)--State Employees' CU (SECU), based in Raleigh, N.C., will for the fourth year offer the Internal Revenue Service's Volunteer Income Tax Assistance (VITA) program. It also, for the second year, will offer a low-cost tax preparation option of members who fall outside of the $49,000 VITA household income limit. Last year SECU tax preparers filed more than 36,000 returns through VITA and assisted 2,100 members with low-cost tax preparation services. It is providing the services in all 236 branches statewide. With the two programs, SECU helped members receive $52.8 million in tax refunds while saving them more than $5.4 million in tax preparation fees last year. Those members also claimed more than $26.2 million in tax credits, including $15.2 million in Earned Income Tax Credits … * JEFFERSON CITY, Mo. (1/31/11)--Jefferson City, Mo.-based Conservation Employees CU announced its members received an interest rebate of 6.2% of all interest paid on its loans during 2010 and a bonus dividend of 6.2% of all dividends earned during the year. The two rebates totaled nearly $250,000, reported the Missouri Credit Union Association (The Missouri difference Jan. 28) …


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