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CU System briefs (04/20/2012)
  • ETTRICK, Va. (4/23/12)--A Virginia State University (VSU) student was arrested and another is being sought by police in relation to the fatal shooting Tuesday of Tyrail W. Hughes, 20, of Petersburg, Va., in the parking lot of Virginia State University Credit Union. An 18-year-old passerby was also shot in the leg by stray bullet during the altercation between two groups of young men. Artarrius Jamar Stepter, 20, was charged with brandishing a firearm during the incident, which occurred at 4:20 p.m. Still at large is Ryan Christopher Simms, 19, who is being charged with murder, felonious assault and use of a firearm in the commission of a felony. Simms and Stepter are students at VSU (Richmond Times-Dispatch April 20) …
  • ROCKFORD, Ill. (4/23/12)--A former collections supervisor at Rock Valley FCU, Loves Park, Ill., was sentenced to nine years in prison for allegedly embezzling more than $122,000 from the credit union. Thomas A. Miles, 42, pleaded guilty in a plea bargain to stealing about 163 checks payable to members from October 2007 to August 2010. As supervisor, he oversaw funds received from delinquent loans and credited to members' accounts. He allegedly ordered tellers to cash the checks and issue money orders, which he deposited into a savings account at a bank. Then he would transfer the funds to his personal checking account at the credit union. In addition to the prison term, he was sentenced to three years of supervised release, with the first nine months under house arrest with electronic monitoring, and was ordered to pay more than $122,110 in restitution (WREX.com April 19) …
  • ALBUQUERQUE, N.M.(4/23/12)--The New Mexico Credit Union Education Foundation (NMCUEF) awarded $122,000 in scholarships to 122 students in New Mexico for the 2012-2013 school year. Each scholarship recipient was awarded $1,000. The NMCUEF program was formed through special legislation that allows credit unions to use abandoned funds for educational or charitable purposes. Since it was established in 1992, NMCUEF has presented 1,191 scholarships totaling $734,600 to students attending accredited vocational or technical schools, colleges or universities in New Mexico, according to the Credit Union Association of New Mexico …


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