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CU System briefs (03/30/2011)
* SPRINGFIELD, Mass. (3/31/11)--Robert Koss, 68, of Ludlow, Mass., a former director of Western Mass. Electric Co. CU (WMECO), was sentenced Tuesday to four years' supervised probation for embezzling more than $225,000 from the credit union between 1999 and 2006, when he retired. The probation includes one year of home confinement. Koss pleaded guilty last year to embezzlement and filing a falsified tax return from the credit union, which he ran for three decades (The Republican March. 30). Judge Michael A. Ponsor also ordered Koss to write a letter of apology to the credit union and pay full restitution within 30 days. Most of the funds have been repaid. The judge said a younger person would have received a two-year sentence. However, his decision considered that Koss is confined to a wheelchair … * WHITEFISH, Mont. (3/31/11)--A former branch manager of Whitefish (Mont.) CU has pleaded guilty to embezzlement and money laundering after she admitted stealing $676,000 from the Polson branch of the credit union, which she managed. Kathleen Louis Sammons, 52, of Charlo, Mont., entered her guilty plea Tuesday in Missoula federal court before U.S. Magistrate Jeremiah C. Lynch. Sammons told investigators she used the stolen money to donate to local charities, buy a house, pay for high school sports banquets and trips, and cover thefts of cash from other employees at the $1.2 billion-asset credit union, according to documents submitted by the U.S. District Attorney for Montana (dailyinterlake.com and Associated Press March 30) … * COLORADO SPRINGS, Colo. (3/31/11)--Randy Bernstein has been promoted to president of Ent FCU from his position as the credit union's executive vice president. Bernstein has been with the Colorado Springs, Colo.-based credit union for 14 years, first as its senior operations executive. He has 34 years of credit union experience. Charles Emmer, Ent's CEO, said the promotion is to acknowledge "the importance of [Bernstein's] role in running the day-to-day operations of the credit unions." Bernstein will continue his oversight responsibilities for operations, lending, information technology, business and corporate banking, and Ent Investment Services and Wealth Management. He previously directed operations at Bethpage FCU, Long Island, N.Y., and served as vice president of D. Hilton Associates Inc., a credit union management and research consulting firm … * PORTLAND, Ore. (3/31/11)--Jim McCarthy has been named president/CEO of Northwest Resource FCU, Portland, Ore., effective April 4. For the past eight years, McCarthy served as vice president of strategic planning at TwinStar CU in Olympia, Wash., where he oversaw asset liability management, new program development, mergers, member/customer information files, and the credit union’s annual strategic business plan. McCarthy was employed by TwinStar CU for 13 years. He will be the fifth CEO in Northwest Resource's 76-year history … * WARMINSTER, Pa. (3/31/11)--Theresa Chletcos has retired from the board of Freedom CU, Warminster, Pa., after 39 years of service. Her retirement was effective Dec. 31. She served as both vice chair and chair during her time on the board. After obtaining her bachelor’s and master’s degrees in education, Chletcos began working for the Philadelphia School District in 1934 and was promoted to elementary school principal in 1952. She also taught at St. Joseph University and LaSalle University. Freedom CU has more than $470 million in assets … * DOVER, Del. (3/31/11)--Mary Frey-Foss, director of Dover (Del.) FCU for 43 years, has retired, announced the board chairman, Charles W. Miller, at the $330 million asset credit unions' annual meeting on March 19. Frey-Foss served as secretary to the board during most of her tenure. She served on numerous committees, including the building, executive, membership, personnel policy, youth membership, 401(k), marketing, and product and select employee group development committees. Frey-Foss helped shape the credit union's growth from one office at Dover Air Force Base to seven locations through the state. She also was selected twice to represent the credit union as an alternate delegate to the Delaware Credit Union League …


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