Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/29/2008)
* HARRISBURG, Pa. (1/30/08)--Sasha Zuro, 26, a member service representative with Valley lst Community FCU, Monessan, Pa., was killed, along with a friend, early Sunday in a condominium fire at Seven Springs Mountain Resort. Zuro was employed with the $59 million asset credit union for five years. A memorial service is being held today at 11 a.m. EST (Life is a Highway Jan. 29) … * OREM, Utah(1/30/08)--Family First FCU increased its assets by 24.56% during the past 24 months, the $165 million asset credit union announced. Net loans to members rose 25.93%, membership increased 2.69%, the credit union opened three new branches in Utah County and it celebrated its 60th anniversary. Although the credit union is "pleased with our phenomenal growth," President/CEO Dick Chappell said, "we are not satisfied, and will not allow ourselves to become passive in our success. We believe in the philosophy of putting our members first." (Business Wire Jan. 24) … * HUNTINGTON, W. Va. (1/30/08)--The former manager of the Huntington branch of Charleston-based, $129 million asset Star USA FCU pleaded guilty Monday to embezzling more than $81,000 from the credit union (Charleston Gazette Jan. 29). Susan Kelly, 58, of Barboursville, was employed at the credit union, formerly called the Huntington Veterans Affairs CU, from 1998 to 2006. If convicted, she faces up to 30 years in prison, five years of supervised release, a $1 million fine and restitution. Sentencing is scheduled for April 28 … * TALLAHASSEE, Fla.(1/30/08)--A credit union branch inside a Wal-Mart Store in Tallahassee was robbed Monday morning. While shoppers were in the aisles, the armed man entered the branch of Envision CU at 10:45 a.m., jumped the counter separating employees from members and pulled a gun. He fled with an undetermined amount of money. Both Wal-Mart and the credit union have surveillance cameras, which police are examining (Tallashassee Democrat (Jan. 29) … * DES MOINES, Iowa (1/30/08)--A Des Moines man was convicted of the robberies of two credit unions and a bank during December 2006, according to the U.S. Attorney's Office for the Southern District of Iowa. Michael Carlos Cooper Wiest, 19, was found guilty by a jury of robbing the Affinity CU on Dec. 18, Liberty Bank on Dec. 20 and Financial Plus CU on Dec. 22. He also was convicted on three firearm charges. The charges each carry a penalty of up to 20 years incarceration. The firearm charges carry a minimum prison sentence of seven years for the first firearm conviction and 25 years each for the additional convictions. A sentencing conference was set for March 13 (States News Service Jan. 27) …


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