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CU System
CU System briefs (08/25/2011)
* BILLINGS, Mont. (8/26/11)--Sarah Anne Housley, 34, a former employee of Montana Health FCU, Billings, Mont., was sentenced Wednesday to one year and one day in prison for embezzling more than $100,000 from the credit union. The funds included $94,158 stolen from her grandparents' account in hundreds of transactions from January 2008 until July 2010. Housley had been employed at the credit union for seven years. The theft was discovered when an audit showed her teller drawer was thousands of dollars short. She allegedly spent the funds on covering her overdrafts, vacations, house payments and more. U.S. District Judge Jack Shanstrom also ordered Housley to pay $110,690 in restitution (Associated Press Newswires Aug. 24) … * HARAHAN, La. (8/26/11)--Michael Hooper, president/CEO of Baton Rouge, La.-based La Capitol FCU, was elected to Credit Union Cooperative Branching board of directors during its annual meeting Aug. 15, said the Louisiana Credit Union League (eNews Aug. 24). He will replace Susan Leake, who retired last year. He served as chief financial officer/executive vice president for 10 years before becoming president/CEO of La Capitol … * NEWBURYPORT, Mass. (8/26/11)--David Michael Flaherty, 61, president of Louise E. Mills CU in Merrimac, Mass., died Saturday at a medical center in Boston. He was a member of the math department at Triton Regional High School, where he taught for 25 years. He is survived by his wife and three daughters. Funeral services are today at 11 a.m. at All Saint's Anglican Church, Amesbury, Mass. (The Daily News of Newburyport Aug. 24) … * IOWA CITY, Iowa (8/26/11)--Robert F. "Bob" Kanak, past president and board member of the Federal Employees CU, Des Moines, Iowa, died Aug. 18 in Grove, Okla. He was 91. He worked with the U.S. Postal Service for 28 years before retirement. Kanak is survived a son, three grandsons, eight great-grandchildren and a sister (Iowa City Press-Citizen Aug. 25) …


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