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CU System briefs (09/04/2008)
* GREENSBORO, N.C. (9/5/08)--The Carolinas Credit Union Foundation (CCUF) is awarding a $10,000 Micro Community Grant to HORSEPOWER Inc. to renovate the agency's barn. HORSEPOWER uses horses to work with individuals with disabilities in a program of therapeutic, educational and recreational value. The program benefits individuals who are mentally, physically, emotionally and/or socially challenged. HORSEPOWER also received a Micro Community Grant in 2006. The grants allow credit unions in North and South Carolina to partner with local nonprofit agencies to bring benefit to the community. The North Piedmont Chapter of Credit Unions helped with the proposal. "Credit unions care about the communities that they operate in, and HORSEPOWER is an agency that all the credit unions in the chapter enthusiastically support," said CCUF President/CEO John Slack (Weekly Update Sept. 4) … * DUBLIN, Ohio (9/5/08)--The Ohio Credit Union League has signed a 10-year lease for its new quarters in downtown Columbus. League President Paul Mercer signed the lease for more than 9,000 square feet on the 11th floor of the One Columbus building at 10 West Broad St. The building, currently under construction, will overlook the Ohio Statehouse and provide convenient access to elected officials, media outlets and regulators, says the league. The league will move to an interim office in early October for a few weeks (eLumination Newsletter Aug. 27) … * FRISCO, Texas (9/5/08)--Texans CU and Frisco Independent School District have partnered to open a student-run credit union branch at the Career and Technology Center in the district. Led by a Texans' operation manager, four students will earn CO-OP credit by working in the credit union throughout the school year. Texans says it is the first credit union in the area to open this type of branch. From left are Dara Stork, Texans CU student employee, Wakeland High School; Yvette Marquez, McDermott Branch operations manager; and Breandrea Adevereaux, Texans CU student employee at Wakeland. (Photo provided by Texans CU) … * SALT LAKE CITY (9/5/08) --Mountain America CU's board of directors has named Sterling W. Nielsen as president/CEO of the $3 billion asset credit union. Nielsen will take the reins from Gordon R. Dames, who will retire on Dec. 31 after 16 year leading the Salt Lake City-based credit union. Nielsen joined Mountain America in 1995. Prior to his appointment, he served as executive vice president, chief administrative officer. Floyd Tanner, chairman of Mountain America's board, made the announcement … * MICHIGAN CENTER, Mich. (9/5/08)--Terry L. Brandt, 56, was convicted Wednesday of embezzling $226,170 from Michigan Center-based Cascades CU while he was chief financial officer and treasurer of the credit union. According to court records, Brandt wired money from the credit union's general account to his personal trading accounts at least nine times between October 2006 and January 2008. He faces up to 20 years in prison. Sentencing has been set for Oct. 9 ( Sept. 3) …


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