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CU System briefs (06/10/2009)
* MANISTIQUE, Mich. (6/11/09)--A preliminary hearing was held Monday and Tuesday in Schoolcraft (Mich.) County District Court for Jason Collins, 31, of Manistique, who faces 13 counts of larceny by conversion after allegedly converting several victims' investment funds to personal use. He was arrested in April on six counts of converting more than $20,000, two counts of converting more than $1,000, and five counts of using a computer to commit larceny by conversion. Six individuals, including two managers at the $18.6 million asset Manistique FCU, testified they invested personal funds with Collins. They found out in August 2006 the funds had suffered "catastrophic losses"(Daily Press June 9) … * GREENSBORO, N.C. (6/11/09)--The North Carolina Credit Union League has contracted Jeanne Couchois to staff its new Compliance Specialist Program. An attorney and longtime compliance expert, Couchois will work with credit unions on a contractual basis to help them meet specific and ongoing compliance needs, said the league. While Couchois will work with the league, she will in effect work for individual credit union participants in the program, said Kimberly Bohannon, league vice president of compliance and risk management. Couchois previously worked with the State Employees' CU as an accountant and more recently as vice president of compliance until 2006 … * FENTON, Mo. (6/11/09)--Alliance CU is partnering with Homes for Our Troops, a nonprofit group that helps build specially adapted homes for soldiers severely wounded in war ( June 2). Alliance has already met its goal of raising $5,000, but will continue to raise money through Nov. 11, Veterans Day. Alliance hopes to raise another $5,000 in donations. If that amount is achieved, members will have donated a total of $10,000, which will be matched by Alliance. Alliance CU, Fenton, Mo., has $150 million in assets ... * PHOENIX (6/11/09)--Desert Schools FCU, Phoenix, raised $18,000 for Phoenix Children’s Hospital during its annual Children’s Miracle Network BBQ and talent show. During the event, the credit union offered lunch and a video game and karaoke contest. Ron Amstutz, Desert Schools senior vice president, said the annual event keeps improving, even during tough economic times. “Raising money for Phoenix Children’s Hospital is something we’re extremely passionate about,” he said. Last year, Desert Schools gave $362,000 to the hospital, and a golf tournament held in March raised $230,000. Desert Schools FCU has $3.3 billion in assets ... * BREWER, Maine (6/11/09)--Maine food pantries statewide each received a loaf of white bread and a check for $500 as part of the Maine Credit Union League’s fifth annual Share the Bread event and a broader state Campaign for Ending Hunger. Credit unions contributed $17,000 to end hunger in Maine, Jon Paradise, league governmental and public affairs manager, said Monday. Funds were distributed to 33 nonprofit food banks, with checks presented to two pantries from each county in Maine. The league also presented $1,000 to the Good Shepherd Food-Bank, which has its distribution center in Brewer, and supplies food to 600 food pantries statewide (Bangor Daily News June 9) … * BATTLE CREEK, Mich. (6/11/09)--OMNI Community CU announced its youth members saved more than $200,000 in April. All account holders at the $210.8 million asset, Battle Creek, Mich.-based credit union were encouraged to develop their savings habits--by being made eligible to win prizes, based on deposits made at the credit union. Participants age 12 and under were entered to win a portable digital video disc player. Participants between the ages of 13 and 17 were entered to win an iPod Nano. “At OMNI, we believe it’s important to teach kids about the importance of saving at an early age, and [we] are happy to reward those who follow this message, said Ted Parsons, OMNI CEO ( June 3) …


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