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CU System briefs (04/14/2009)
* RICHARDSON, Texas (4/15/09)--Texans CU announced Tuesday that interim chief executive Mike Sauer has been named president/CEO, effective immediately (The Dallas Morning News April 14). Sauer, a former manufacturing executive, has served on the Richardson, Texas-based credit union's board since 1992. He was chairman of the board between 2002 and 2006. Sauer succeeds David Addison, who stepped down in January after five years. During that time, Texans increased its business lending significantly before the economy hit its slump. As of Dec. 31, Texans' delinquent loans and repossessed real estate amounted to 8.4% of total assets, up from 5.6% as of Sept. 30 … * HIGHTSTOWN, N.J. (4/15/09)--New Jersey credit unions were represented at the ribbon cutting/open house for the district office of U.S. Rep. Leonard Lance (R-N.J.) in Flemington. Lance, a freshman, was named to the House Financial Services Committee, said the league (The Weekly Exchange April 13). Attendees included, from left, Lance; Affinity FCU's Beth Degnan; and New Jersey Credit Union League Director of Government Affairs Chris Abeel.(Photo provided by the New Jersey Credit Union League) … * COLORADO SPRINGS, Colo. (4/15/09)--After Ent FCU relocated its Schriever AFB service center to a larger, more centrally located facility in January, its Schriever location experienced a 229% increase in new accounts and an 80% hike in consumer lending. The credit union opened 47 new accounts in 30 days as a result of its grand opening military appreciation promotion. Katherine Nester, the credit union's Schriever center manager, noted the larger, more convenient center and new drive up ATM offer greater convenience for members on base … * FORT WAYNE, Ind. (4/15/09)--David L. Thieme, 49,former CEO at General CU, Fort Wayne, was charged with one count of fraud against a financial institution for authorizing loans to members that were not paid back, said records filed Monday in Allen Superior Court (The Journal Gazette and News-Sentinel April 14). Thieme, who worked for the credit union for 20 years, became CEO in 2004. He was terminated in April 2008 after three employees reported irregularities in his loan transactions. Authorities say that between May 2004 and April 2008, Thieme allegedly engaged in schemes to conceal loan delinquencies, including modifying loan obligation dates and delaying payment dates. He also allegedly overpaid a member for contracted janitorial services and used the excess payments to reduce the member's loan balance, the records indicated. The credit union lost about $1.6 million, less than 2% of the credit union's assets; however, no member suffered losses because Thieme allegedly misapplied credit union funds, not members' account funds. Within a week of his termination, Thieme paid $800,000 on the loans he oversaw. … * HARRISBURG, Pa. (4/15/09)--TruMark Financial CU's Springfield shared branch scored a perfect 100% during a recent mystery shop. The score is based on branch appearance, signage, teller appearance, and procedures. It was the fourth Pennsylvania shared branch to receive a 100%, said the Pennsylvania Credit Union Association. Mystery shops are conducted at every shared branching location at least once a year (Life is a Highway April 14) … * TAMPA, Fla. (4/15/09)--Cornelius Bryant, 30, of Tampa was sentenced to 22 years in federal prison on charges of bank robbery and violation of a supervised release, according to the U.S. Department of Justice's Bureau of Alcohol, Tobacco, Firearms and Explosives. The robbery occurred June 23, 2008, at MidFlorida FCU, Lakeland, Fla. At the time of the robbery, Bryant was serving a term of federal supervised release for a prior bank robbery conviction in 2002 (US Fed News April 11). He was convicted by a jury on Dec. 11. Sentencing was by U.S. District Judge Richard A. Lazzara …


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