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CU System briefs (03/13/2012)
  • BRUNSWICK, Maine (3/14/12)--Atlantic Regional FCU settled its lawsuit against a former employee convicted of embezzling about $500,000 by agreeing to accept $370,000 in restitution (Associated Press March 12). Marsha Richard, 23, of Topsham,  Maine, allegedly manipulated accounting entries related to checks that members deposited but were later returned due to non-sufficient funds. Richard pleaded guilty and was sentenced to 33 months in federal prison …
  • GULF SHORES, Ala. (3/14/12)--An Alabama woman was extradited to Pennsylvania on charges related to allegedly using an ex-boyfriend's name and personal information to open credit accounts. The accounts at Mechanicsburg, Pa.-based Members 1st FCU were allegedly opened by Donna Dick, also known as Donna Carbaugh. The 49-year-old woman was charged with forgery, identity theft, stalking, harassment and flight to avoid apprehension, trial or punishment. This is the third time Dick is accused of using the ex-boyfriend's information to open accounts (Press-Register March 10) …
  • WARMINSTER, Penn. (3/14/12)--Freedom CU is sponsoring Biz Kid$ for the fifth year in a row on public television station WHYY. A Freedom CU release cited the program's focus on educating school-aged children about saving, budgeting, investing and giving back to the community. The approximately $500 million asset credit union has provided financial education materials to more than 250 classes to reach roughly 50,000 students since 2006. A Freedom Web tile will appear on WHYY's Newsworks.org website on the Biz Kid$ home page …
  • HARRISBURG, Pa. (3/14/12)--Two credit union leaders have been named Women of Influence for 2012 by the Central Penn Business Journal. Carol Fastrich-Aranos, vice president of marketing at AmeriChoice FCU, Mechanicsburg,  and Diana Roberts, president/CEO of Hershey FCU, Hummelstown, were honored for their work on behalf of credit unions as well as their community efforts (Life is a Highway March 12). Fastrich-Aranos serves on the board of directors of the Pennsylvania Credit Union Foundation. Roberts is a member of the Pennsylvania Credit Union Association board of directors and is a past board chairman, as well as a former member of the Credit Union National Association Board of Directors …


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.@NCUFoundation's Hyland, #creditunion leaders grace small screen for Va. TV program #CUNANewsNow http://t.co/opmMXzD91e
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.@FHFA:2015 maximum conforming loan limits 4 mortgages bought by Fannie,Freddie stay at $417,000/one-unit properties in most of the country.
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