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CU System briefs (05/14/2008)
* OAKLAND, Calif. (5/15/08)--Four men were arrested after a takeover robbery Tuesday at a Berkley, Calif.-based credit union. Police recovered the money and a cache of guns, said Berkeley police. The masked men, two of them armed, entered Cooperative Center FCU before noon on Tuesday. They ordered 20 employees and one member to the ground, and demanded all the money. A female teller was punched in the back of the head but was not seriously hurt. As the four fled, an employee wrote down the getaway car's license plate number. Police spotted the vehicle and after a high-speed chase, the car crashed into a parked vehicle. Three were arrested there and a fourth at a nearby apartment complex (Contra Costa Times May 14) … * DURHAM, N.C. (5/15/08)--Forty Hispanic adults from across North Carolina graduated from Latino Community CU's Financial Education workshops in a ceremony at the Center for Responsible Lending in Durham, N.C. Special guest Rafael Prieto, editor of Charlotte's Mi Gente newspaper, told the group that "as long as we don't know how to manage our income, we will be invisible in this country." In the photo, graduate Miguel Fuentes speaks to the group, who completed six workshops. Workshops are presented three times a year. The next series begins Sept. 8. (Photo provided by Latino Community CU) … * FREDERICTON, N.B. (5/15/08)--New Brunswick lawmakers plan to amend a law to avoid repeating another credit union bailout similar to one the province approved last year. In March 2007, the province approved a $60 million bailout for the credit union Caisse Populaire de Shippagan and the New Brunswick Credit Union Deposit Insurance Corp. The amendments are to provide a better balance between deposit protection and taxpayer protection. Changes would include lowering the maximum coverage of deposit insurance from the current unlimited coverage to $250,000 per qualifying account (Macroworldinvestor.com May 14) … * ANTIGO, Wis. (5/15/08)--Richard Goodman, former CEO of Antigo Co-op CU (now known as CoVantage) died May 10, according to the Wisconsin Credit Union League (The League May 12). Goodman began his career in 1957 and spent 33 years with the credit union before retiring. Services will be today at St. John Catholic Church in Antigo …


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