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CU System briefs (02/01/2010)
* WASHINGTON (2/2/10)--A former supervisory employee at Department of the Interior FCU (DOI FCU) pleaded guilty to taking property in the care, custody and control of a credit union. The charges are related to a $25,110 theft of member deposits in 25 incidents from 2006 to 2008, said the U.S. Attorney's office for the District of Columbia. Monica Michals, 36, Oxon Hill, Md., entered her plea in a U.S. District Court and will be sentenced on May 21. She faces up to 10 years' imprisonment. As part of her plea agreement, Michals has agreed to pay full restitution. The funds were taken from the accounts of at least three members, two of whom were elderly (Targeted News Service Jan. 11) ... * DULUTH, Minn. (2/2/10)--Stephanie Richards, right, poses with a $1,000 check she
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received from Tammy Heikkinen, president/CEO, and Ralph Hamann, vice president finance/chief financial officer, of Members Cooperative CU, Duluth. Richards was randomly selected to receive the check as a result of a project MCCU launched last fall to encourage account holders to save in an Emergency Fund Account by building their savings each month through automatic transfers. In 2009, MCCU awarded monthly $250 winners and a $1,000 winner at the end of the year. "This is perfect timing to receive this money," said Richards, who does not have health insurance coverage and opened an account to start building a savings cushion. She recently had emergency medical bills and plans to use the money to cover those expenses. "It's really cool that my credit unions started this program," Richards said. (Photo provided by Members Cooperative CU) ... * ONTARIO, Calif. (2/2/10)--Bonnie Kramer, executive vice president/ chief operating officer of Financial Service Centers Cooperative Inc. (FSCC) has been selected as VIP Woman of Year by the board at the National Association of Professional Women (NAPW). The board selects a handful of women each year to honor for their involvement in their communities, professional achievements and contributions in their field. Kramer has been active in the credit union movement for nearly 42 years. She began working at FSCC in 1993 as its CEO, then transitioned to her current position to focus on the shared branching network's operations. As a pioneer of the first Shared Branching locations in the U.S., Kramer helped transform the network, creating locations that served as outlet-owned access points operated by credit unions. She also was honored for her philanthropic work with Credit Unions for Kids through Children's Miracle Network, World Council of Credit Unions supporting women around the world, and Tender Mercies ministries supporting children in Uganda ... * FARMERS BRANCH, Texas (2/2/10)--Jim Vest, former Texas Credit Union League employee died Thursday, according to the league (LoneStar Leaguer Feb. 1). His credit union career began in 1950 when he managed the Postal Transportation Service FCU, Fort Worth. In 1952 he became a league field representative, and in 1954 he returned to managing the Fort Worth Quartermasters FCU. He joined the league again in 1956, where he held a number of positions, including assistant managing director. In 1972, the league launched the Technical Assistance Division, which West led. Today that service has been expanded as Financial and Technology Resources with the league affiliate, Credit Union Resources Inc. Funeral services were held Monday ... * HEATH, Ohio (2/2/10)--Clarence L. Love, 80, died Thursday in Heath, Ohio. Love, who worked 40 years at Owens-Corning Fiberglas and then as superintendent at Mid-Ohio Warehouse, served many years as president of Fiberglas FCU, based in Newark, Ohio. Survivors include his wife, four children, 17 grandchildren and six great-grandchildren (The Advocate Jan. 30) ...


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