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CU System briefs (06/03/2008)
* SEATTLE (6/4/08)--A man suspected of robbing the Qualstar CU Monday was in satisfactory condition at a Seattle hospital after being shot in the hand by police trying to end a 100 mph chase in a stolen car. The man was shot when police cornered him in the driveway of a home. Two officers fired at him after the man allegedly tried to ram the patrol car with the car. The armed robber entered the $296.9 million asset, Bellevue-based credit union just before noon. Police said the car had been stolen and used in several area bank robberies (The Seattle Times June 3) … * NORTHVILLE TOWNSHIP, Mich. (6/4/08)--Mike Winks, senior vice president of lending at Lake Michigan CU, Grand Rapids, has been appointed to a four-year term on the state's new Mortgage Industry Advisory Board. The appointment was made by the Office of Financial Institutions Regulation (OFIR) Commissioner Ken Ross and recommended by the Michigan Credit Union League. The seven-member board also includes representatives from the mortgage brokers and mortgage lenders associations. Its purpose is to communicate with the OFIR commissioner issues of concern to the residential mortgage industry. It also will review and make recommendations regarding rules, administrative procedures, and courses and examinations for licensed loan officers and loan officer candidates (Michigan Monitor June 2) … * RENO, Nev. (6/4/08)--U.S. Rep. Dean Heller, left, (R-Nev.) visits with Great Basin FCU CEO Dennis Flannigan at the $115 million asset credit union's main branch on May 27. Heller, a member of the House Financial Services Committee, learned more about the credit union difference and conducted a roundtable discussion with employees/members of the credit union. They shared insights on what it means to have a credit union as an employee, as a member and even as a former bank employee. He listened to arguments for the Credit Union Regulatory Improvements Act (CURIA) and against legislation that would regulate credit unions to compete directly with banks. (Photo provided by Great Basin FCU) … * NAPERVILLE, Ill. (6/4/08)--Rodney E. Hood, vice chairman of the National Credit Union Administration Board, will be featured speaker at the annual Small CU Asset Size Conference sponsored by the Illinois Credit Union League. The conference--for credit unions with $20 million or less in assets--is set for Aug. 5-6 at the ICU System Center in Naperville. Hood will speak on the "State of the Small Credit Union." The conference also will include presentations on: disaster recovery by Gary Peck, CEO of United CU of Chicago; collections and bankruptcy by Sheila O'Leary, manager of Collectors Resources Services for ICUL Service Corp.; and a compliance update by Carol Bertoux, league associate general counsel. The event includes a welcome reception, a networking lunch and a credit union-to-credit union open forum and idea exchange … * CUDAHY, Wis. 6/4/08)--The employees of Prime Financial CU, based in Cudahy, Wis., are receiving much-needed assistance in the form of a gas allowance, deposited directly into the employee's account each month to offset their costs of commuting. The deposits begin this week for full-time employees not employed in an executive or senior management capacity. "We've all been affected by the rising cost of gas. Employees find themselves feeling the pinch at the pump as their daily commute to work becomes more costly," said Rich Koenig, president/CEO. "As a credit union and foremost a people-helping-people organization, we've taken the initiative to provide our employees some needed relief." PFCU also will offer a coupon to employees for discounts on an oil change and 20-point vehicle inspection at Donald Driver Auto Sales and Leasing Service Department to keep their vehicles running efficiently …


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