Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (08/13/2008)
* AUGUSTA, Maine (8/14/08)--The Maine Human Rights Commission Monday ruled that a credit union discriminated against a woman when it failed to hire her for a teller's job last year. The commission, whose findings are not law but can be used in lawsuits, found in favor of Denise Cyr, who filed the claim against Rainbow FCU, Lewiston. Cyr, who uses crutches, claims the credit union asked illegal questions about her disability during a job interview. The credit union's attorneys deny the allegation. The commission voted on the case as part of its consent agenda. No oral arguments were heard ( Aug. 13) … * INDIANAPOLIS (8/14/08)--A former manager of Health Care Professionals FCU, Indianapolis, was sentenced Tuesday to 21 months in prison for embezzling about $400,000. The judge also ordered Jill Carey, 35, to make restitution of $394,941 to the credit union, which is based in Richmond, Ind., and undergo five years of supervised release after she leaves prison. Carey, who now lives in Florida, pleaded guilty to the embezzlement charge (Associated Press Newswires and Aug. 12) … * Pittsfield, Mass. (8/14/08)--Greylock FCU, which has been renewed by the U.S. Small Business Administration (SBA) as a preferred lender, has passed the $100 million mark in business loans, announced the $985.5 million asset credit union. Under the Preferred Lender Program, Greylock can continue approving SBA loans with no additional reviews by government underwriters. "The SBA is crucial to continued economic development in the Berkshires," said Angelo C. Stracuzzi, Greylock's president. Last year SBA recognized Greylock as the 10th largest SBA financial lender in the state out of 119 financial institutions, the top SBA credit union lender in the state, and the 10th most active credit union in the nation for the fiscal year ending September 2007 … * PORTLAND, Ore. (8/14/08)--Point West CEO Robert Barzler has been named treasurer of the Oregon Business Leadership Network's (OBLN) board of directors. Barzler's accomplishments include serving as board member of the Oregon Credit Union Foundation and the Credit Union Financial Alliance board. The OBLN is an employer-led organization that seeks to improve employment prospects and consumer choices for people with disabilities by raising employer awareness of how business benefits in including people with disabilities in the work force. Point West, with assets of $104 million, is located in Portland … * ROCHESTER, N.Y. (8/14/08)--Family First of New York FCU CEO Christine Peters has added the responsibilities of president to her leadership role. In addition to assuming responsibility for creating a strategy for the Rochester-based credit union's growth, as president she will oversee its day-to-day operations. Peters has been CEO since 2006 and chief financial officer for eight years before that. She is also a new board member of the New York Credit Union Foundation and USNET (Universal Sharing Network) …


News Now LiveWire
Feb. home prices climb 4.6% year over year: Black Knight #Market #NewsNow
2 hours ago
.@TheNCUA recieved 2,167 comment letters on #RBC2 proposal, as of this morning.
5 hours ago
.@TheKCUA's CUlead gets close up with co-ops #NewsNow
5 hours ago
.@NYCUAtweets in Albany today/Wed for #StateGAC
5 hours ago
#RBC2: When is final draft on the horizon? See #NewsNow
6 hours ago