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CU System briefs (02/17/2012)
  • EUGENE, Ore. (2/21/12)--A former car dealer in Roseburg, Ore., was sentenced to three years and one month in prison for conspiring to commit bank fraud and defrauding $661 million asset Northwest Community CU, Eugene, and PremierWest Bank for a combined loss of almost $3 million (The News-Review Feb. 15). Dave Gilbert, 64, allegedly timed deposits of checks from accounts at one financial institution into the other so the bank and credit union both honored checks even when balances were insufficient to cover them. Prosecutors claimed the scheme provided Gilbert with the equivalent of interest-free loans that were unauthorized and unsecured. More than 500 checks totaling $1.9 million were deposited between Dec. 1 and Dec. 9, 2008. The court ordered Gilbert to pay restitution of $1.9 million …
  • FAIRBANKS, Alaska (2/21/12)--Two women were arrested on felony robbery and theft charges related to a robbery at the Fairbanks branch of $109 million asset True North CU, Juneau. The women are accused of using the drive-through lane's pneumatic tube to send a note claiming there was a bomb inside the branch (Fairbanks Daily News-Miner Feb. 14). The note said the bomb would go off unless the teller filled the tube's carrier with cash. The teller sent $2,198 to the van's occupants while staff checked its license plate. Police quickly spotted the van nearby and arrested Jenesa French Kempski and Paulette Josephine Akerelrea, who were held without bail. Akerelrea was also cited for driving after revocation …
  • SALT LAKE CITY (2/21/12)--The U.S. Small Business Administration's (SBA's) Utah District named $2.9 billion asset Mountain America CU as its 2011 Lender of the Year for business lending performance. Mountain America also received the 2011 Blaine Andrus Memorial Award for community efforts and diversity of its small business lending programs. Mountain America has led the nation's credit unions in SBA lending for the past eight years, the credit union said in a press release. Pictured are staff from the credit union. (Photo provided by Mountain America CU) …
  • SAN JOSE, Calif. (2/21/12)--Technology CU has received designation as a "preferred lender" for Small Business Administration (SBA) guaranteed loans. Preferred lender status allows the $1.5 billion asset credit union to document and process SBA loan requests on behalf of the SBA for loans ranging from $25,000 to $5 million. Mark Quinn, director of SBA San Francisco District, said San Jose, Calif.-based Technology CU ranked in the district's top 20 lenders for guaranteed loans for the year that ended Sept. 30, 2011. Technology CU has added Niki Wong as vice president of commercial and industrial loans to prepare for the demand for SBA loans and other commercial loans …
  • NEW YORK (2/21/12)--Michael J. Connery will retire as president/CEO of United Nations FCU on Jan. 1, 2013. Connery, 67, has led United Nations FCU for almost 24 years. During that period, the credit unions' membership grew from 18,000 to more than 95,000, while assets increased from $235 million to $3.5 billion. A statement from the United Nations FCU Board of Directors said it is relying on its two-year-old succession plan and working with an executive recruiting firm to identify leadership candidates …
  • COCOA BEACH, Fla. (2/21/12)--John R. Eggleston, 79, died Feb. 13. During his lengthy career, Eggleston served as president of Kennedy Space Center CU, Space Coast CU and Community Educators CU and earlier as assistant manager of Navy Orlando FCU. He also was president of the Central Florida Chapter of the Florida Credit Union League as well as the Florida Credit Union Executives Society. Eggleston served in the Navy from 1951 through 1971, retiring as a lieutenant commander (Florida Today, Feb. 16) …


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