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CU System
CU System briefs (04/26/2010)
* BRAINTREE, S.D. (4/27/10)--Red Sox first baseman Kevin Youkilis and Liberty Bay CU, Braintree, have made a three-year deal to sponsor his charity, Hits for Kids (Boston Business Journal April 26). The $650 million asset credit union will donate to the charity over the span of three years and will establish a T-shirt program with proceeds benefitting Hits for Kids. Youkilis will make personal appearances on behalf of the credit union, and Liberty Bell will feature him in promotions ... * RIDLEY, Pa. (4/27/10)--A former executive vice president and marketing director of Ridley-based Boeing Helicopters CU was to begin a 28-month prison sentence Monday for fraud for taking kickbacks to arrange loans for unqualifed applicants. Anthony Forte Jr., who was also president of the Boeing company's largest union, also must pay restitution totaling $1.25 million. Forte, 44, pleaded guilty to the charges. His younger brother and six other people considered middlemen in the scheme were also convicted (DelcoTimes.com April 25 and News Now Feb. 24) ... * GREENSBORO, N.C. (4/27/10)--The North Carolina Credit Union League has named Jeanne Couchois as vice president of compliance and risk management. Couchois, who joined the league in 2009, will assist credit unions in addressing their compliance needs. Under Couchois, the department will continue to offer a full range of compliance services including answering compliance questions from member credit unions, conducting training sessions and providing intensive compliance support through the compliance specialist program. Couchois helped pilot the league's new compliance specialist program when she joined the league on a part-time basis. She also conducted training sessions on compliance-related topics for the league. Prior to joining the league, she worked for the North Carolina State Employees' CU (The Weekly Update April 23) ...


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