Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (02/02/2012)
  • NORRISTOWN, Pa. (2/3/12)--Pennsylvania's Superior Court has overturned the conviction of a former CEO of United Food and Commercial Workers (UFCW) Local 1776 FCU for theft, saying that she did not knowingly waive her right to be represented by a lawyer at her three-day jury trial in July 2010. The three-judge panel said Anne L. Clyburn, 45, of Chester County, must receive a new trial because neither the lower court judge nor prosecutor advised her of the specific elements in each of the charges against her before she waived her right to a lawyer. The district attorney's office is deciding whether to provide a new trial or appeal the higher court's ruling. Clyburn was convicted of stealing funds from the $7 million asset credit union, which is based in Plymouth Meeting, Pa.  during the more than six years she served as president/CEO.. She was charged with giving herself $32,469 in unauthorized raises and writing four unauthorized credit union checks for personal use. In September, she was sentenced to one to seven years in state prison and an additional five years' probation. During her appeal, she said the lower court judge should not have allowed her to represent herself (Phillyburbs.com Feb. 2) …
  • PITTSFIELD, Mass. (2/3/12)--Employees of Pittsfield, Mass.-based Greylock FCU  raised more than  $124,000  in its annual campaign for United Way, a 6.5% increase over last year's donation. Employees raised $91,122 of the total through payroll pledges, raffles, a flower sale, soup day, bingo night and other functions. Employee contributions were added to the $33,000 corporate support, which included Greylock's partnership--for the 12th year--with Johnson Ford Lincoln Mercury Nissan to donate a car raffled off to support the United Way and a Facebook campaign. Winner of the car was Christine Degregorio, an employee of Berkshire Community College.  From left are Greylock's Berkshire United Way team: Cathy Chenail, Mark Mancari, Brad Felix, Katy Codwise, Dan Dillon and Anna Flynn. (Photo provided by Greylock FCU) …
  • ROYAL OAK, Mich. (2/3/12)--Thomas Zamberlan, CEO of Royal Oak, Mich.-based OUR CU, is etiring, ending a 46-year career with the credit union movement, the credit union's board announced Wednesday.  Zamberlan has been with the credit union since 1985 and has been CEO since 1999. In 2008, in the midst of the nation's financial crisis, he told members, "First and foremost, we are interested in a long-term relationship with you as a member. There is no substitute for a conservative management that aims to operate by the principle that what is good for you is also good for the credit union." "Tom's departure leaves a significant void," said Board Chairman Jeremy Water. "While we would prefer not to see him go, his years of leadership and continued growth leave us in a solid position." Zamberlan was the $204 million asset credit union's fourth president in 53 years of operation …


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
11 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
12 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
13 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
14 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
15 hours ago