Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (07/16/2009)
* MADISON, Wis. (7/17/09)--David K. Henke, former president of Rapids Municipal CU (RMCU), Wisconsin Rapids, Wis., was indicted on charges of embezzling about $634, 222 from RMCU from November 1999 through October 2008. Henke allegedly embezzled the money by making false entries into general ledger accounts at the credit union, according to the indictment. The indictment also alleges that he provided false information to the board of directors relating to delinquent loans, used RMCU members’ dormant accounts to deposit the embezzled funds and forged members' signatures on collateral pledge agreements. He also is charged with removing members--whose accounts had been subjected to unauthorized loan add-ons--from the monthly statements mailing. Henke faces a maximum penalty of 600 years in prison, a $1 million fine, five years of supervised release, a $2,000 special assessment and restitution. RMCU has since merged with Bull’s Eye CU of Wisconsin Rapids ... * MISSOULA, Mo. (7/17/09)--Peter M. Thompson, 24, pleaded guilty in U.S. District Court to charges of bank robbery and discharging a firearm to further a crime of violence during a Jan. 12 armed robbery of Missoula (Mont.) FCU. Thompson fired a shot into the ceiling of the $281.2 million-asset credit union during the robbery in which more than $11,000 was stolen, according to court records. A deputy pursued Thompson after the robbery in a car chase and when Thompson’s truck veered off a road, he fired a shot, court records said. The deputy returned fire, hitting Thompson in the face. Through a plea agreement, Thompson will be given sentencing credit for accepting responsibility for the robbery. Bank robbery carries a mandatory 20-year sentence, while the gun charge carries a mandatory 10 years in prison, consecutive to the bank robbery sentence (greatfallstribune.com July 15 ) … * LENEXA, Kan. (7/17/09)--Margaret Blankers, founder of MJB Public Relations Group, received the 2009 "Entrepreneur of the Year" award from the Kansas City/International Association of Business Communicators. The award recognizes achievements of self-employed professionals who inspire others with their skill and spirit. Blankers was honored for her diligence and success in communicating on behalf of credit union clients during the unprecedented challenges facing the financial industry. The award noted that through her public relations efforts, many credit unions and industry organizations maintained strong, positive reputations in their communities while reassuring members about the strength of their organizations. Blankers and her team work with credit unions, corporate credit unions, credit unions service organizations and related service providers, developing PR strategy and providing communications services …


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
7 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
8 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
8 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
9 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
10 hours ago