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CU System briefs (08/22/2012)
  • HERNDON, Va., and SUITLAND, Md. (8/23/12)--Chris McDonald has been selected as the new CEO of Herndon, Va.-based Northwest FCU (NWFCU), succeeding Gerrianne D. "Winky" Burks, announced NWFCU's board of directors on Tuesday. Burks will retire in mid-January after a 41-year career at NWFCU. McDonald has resigned his post as president/CEO of Suitland, Md.-based Andrews FCU, effective Sept. 14. McDonald's career with credit unions has spanned more than 28 years.  He began his career as a state regulator before becoming executive vice president/vice president of finance and information systems at First Community CU, Houston. For the past 12 years McDonald has led credit unions in Texas and Maryland. He has been with Andrews FCU since 2008. Under his tenure at the $897 million asset Andrews FCU, he oversaw three new branches opened in Germany, New Jersey and Maryland and positive trends in membership, loans and deposits while expanding its ATM network and enhancing products lines. Andrews' board said it would make an announcement soon about an interim president/CEO …
  • ARLINGTON, Va. (8/23/12)--National Association of State Credit Union Supervisors (NASCUS) President/CEO Mary Martha Fortney announced Wednesday that Kate Hartig is leaving NASCUS to join the District of Columbia Department of Insurance, Securities and Banking as its public information officer later this month.  Hartig, as NASCUS's vice president for public relations and legislative affairs for nearly eight years, was responsible for NASCUS' communications and media relations, as well as congressional relations …
  • BINGHAMTON, N.Y. (8/23/12)--A mother and son from Pennsylvania have pleaded guilty to a $14 million loan fraud scheme that forced the closure of Binghamton, N.Y.-based Broome County Teachers' FCU (Associated Press Newswires Aug. 21). Scott Lonzinski, 32, and Laura Conarton, 46, of Great Bend, Pa., were charged with bank felony fraud related to allegedly creating phony documents, forging signatures and inventing fictitious people to get 10 loans over two years from the credit union. They allegedly convinced the credit union that Lonzinski's bogus certificates of deposit were worth what they claimed for a security for the loans. The loans allegedly were used to finance Lonzinski's construction business, where Conarton was manager and bookkeeper. The scheme was discovered during an examination by the National Credit Union Administration (NCUA) in June 2011. NCUA sold the credit union's assets to another credit union. No members lost money as a result of the liquidation …
  • SYRACUSE, N.Y. (8/23/12)--Christopher Vanetten, 37, of Cicero, N.Y., was sentenced to serve three to six years in prison for allegedly cheating credit unions and others in a check-writing scam. Vanetten also was ordered to pay nearly $44,700 in restitution. He pleaded guilty in July to felony charges of third-degree grand larceny and first-degree scheme to defraud. He allegedly opened accounts at various area credit unions in Onondaga County and then wrote numerous bad checks on the accounts, said prosecutors. Vanetten also faces similar charges in Oswego County (The Post-Standard Aug. 21) …
  • WARRENVILLE, Ill. (8/23/12)--The board of directors of Alloya Corporate FCU, based in Warrenville, Ill., has appointed Matt Davidson, executive vice president for Kern Schools FCU, Bakersfield, Calif., to its volunteer Supervisory Committee. Davidson, whose credit union experience spans more than 23 years, previously has served as a chief executive for a number of credit unions and as executive vice president for the California and Nevada Credit Union Leagues. Kern Schools FCU has $1.3 billion in assets and serves nearly 170,000 members. The committee also includes Michael Daugherty, president/manager of Community Plus FCU in Rantoul, Ill., and Charles H. Rogers, chief operating officer for Progressive CU in New York, N.Y. …


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