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CU System
CU System briefs (04/08/2010)
* DETROIT (4/9/10)--Michigan credit unions' Save to Win lottery savings program will be one of two innovative savings practices discussed at the AARP Foundation Innovation Roundtable: Small Dollars, Big Change on April 20 at the Federal Reserve Bank of Chicago's Detroit branch. According to the foundation, the special session is in observance of Money Smart Week, and leaders of the savings lottery will update attendees on Save to Win's first year. The program has spurred more than $8 million in savings deposits by people who have not ordinarily been savers ... * CHARLOTTE, N.C. (4/9/10)--U.S. District Judge Martin Reidinger sentenced Ricardo Javier Arellano, 23, of Charlotte, to 34 years in federal prison for the armed robberies of two banks and a branch of Winston-Salem-based Truliant FCU, and for forcing a bank employee to accompany robbers to the bank heist. Arellano also was sentenced to three months' supervised release and ordered to pay a special $400 assessment, plus $49,467 in restitution. Reidinger said the case had several factors that warranted the heavier sentences: Arellano and an accomplice invaded a bank employee's home, bound the hands and feet of her children with tape, threatened harm to them if she didn't cooperate, and forced her to drive them to the bank before it opened. They also threatened a second employee with a gun. Arellano got two 25-year sentences for the bank robbery and hostage situation, to be served concurrently, in addition to two other concurrent nine-year sentences for the credit union and third bank robberies. An accomplice was sentenced earlier to 114 months (9.5 years) for his role in two of the robberies (US Fed News April 8) ... * PORTLAND, Maine (/9/10)--cPort CU employee Ginnie Konan was
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honored at the Portland, Maine-based credit union's annual meeting for her 50 years of employment with the credit union. She began in 1960 as a teller for what was then called Government Employees CU. Her positions have included phone operator, member service representative, and vice president of operations. She currently manages the credit union's individual retirement account program. Konan said she has no plans to retire and looks forward to "continuing to serve both the credit union and the members." (Photo provided by the Maine Credit Union League) ...


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