Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (07/05/2010)
* CINCINNATI (7/6/10)--A former manager of the now-defunct Good Samaritan Employees CU based in Cincinnati, has been sentenced to 33 months in prison, followed by three years of supervised release, for defrauding the credit union. Ann Bryson, 63, of Cincinnati, also was ordered in U.S. District Court to pay restitution of more than $245,432, the amount embezzled (US Fed News July 2). Bryson pleaded guilty on March 11 to one count of bank embezzlement, which occurred while she was manager between 1998 and 2005. Court documents said she wrote credit union checks and money orders to pay personal expenses and manipulated records to evade detection. The credit union was liquidated in November 2005 ... * BROOKLYN, N.Y. (7/6/10)--Polish & Slavic FCU (PSFCU) recently awarded $300,000 in scholarships to 298 students to help defray
Click to view larger image Click for larger view
their education costs. The credit union, with more than $1.3 million in assets, has offered an annual scholarship program for 10 years. This year's scholarships bring the total the credit union has handed out in scholarships to more than $2 million, which went to more than 1,4000 students in the past decade. Most recipients are in New York and New Jersey. The program recently expanded to Chicago, where PSFCU opened two branches earlier this year. In addition to its annual scholarship program, PSFCU donated more than $500,000 to endow the Chair of Polish Studies at Columbia University and has donated to the Institute of World Politics in Washington, D.C. "In these incredibly challenging times, it would be easy to step back our efforts and blame the economy, but that's not what we're about, and that's not what our members expect from us," said Dr. Thomas Bortnik, chairman. Some of the scholarship recipients are pictured here. (Photo provided by Polish & Slavic FCU) ...


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
16 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
16 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
17 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
18 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
19 hours ago