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CU System briefs (09/06/2012)
  • ST. HELENS, Ore. (9/7/12)--Members of St. Helens (Ore.) Community FCU voted down an effort to recall five of its seven board members during a special meeting Tuesday. More than 175 members attended the meeting. In all 1,431 ballots were received and none of the board was recalled. The initiative occurred after the board had proposed a merger with another credit union. The proposal was later withdrawn. "The membership showed strong support of the board and voted against the recall initiative. In accordance with our bylaws, we gave a fair hearing to a small group of members who launched this petition," said President/CEO Brooke Van Vleet in the credit union's press release. "We are thankful that the majority chose to show appreciation for this dedicated group of volunteer board members who were elected to serve the membership. The board and senior management team are looking forward to advancing the strategic priorities of the credit union and developing a clear roadmap for 2013 and beyond." …
  • JERSEY CITY, N.J. (9/7/12)--Stanley Powell of Jersey City, N.J., has been sentenced to 12.5 years in prison and three years of supervised release after pleading guilty to one count of bank robbery. Powell allegedly robbed Liberty Savings FCU, Jersey City, N.J., $69 million in assets, in November 2010 (Nj.com and The Jersey Journal Sept. 5).  Powell reportedly left the credit union with $20,000 in cash, and was arrested near a relative's home in Jersey City …
  • LANSING, Mich.  (9/7/12)--Wyandotte (Mich.) FCU plans to change its name to Nu Path Community CU, effective on Jan. 2, according to the Michigan Credit Union League (Michigan Monitor Sept. 4). At that time, the $90 million asset credit union also will convert from a federal charter to a state charter. The credit union chose the name so it will stand apart from other local credit unions and to illustrate its dedication to guiding members on a path to financial success. It realized that certain sectors of its communities were underserved and it could not reach its full potential with a federal charter. The credit union said. Its expanded charter will allow it to serve anyone living, working, worshipping or attending school in Wayne, Monroe, Allegan, Ottawa and Kent counties, or anyone in its more than 100 select employee groups, churches and business associations …
  • HARRISBURG, Pa. (9/7/12)--U.S. Rep. Lou Barletta (R-Pa.) stopped by the headquarters of the Pennsylvania Credit Union Association (PCUA) Wednesday morning to meet with credit unions leaders from PCUA, Hershey FCU and Pennsylvania State Employees CU (PSECU). He was greeted by PCUA President/CEO Jim McCormack, who said PCUA will be following up with the congressman on the association's initiatives. Pictured from left are PCUA staffers Corinne Sherman and John Kilduff; Nate Muniz and Greg Smith of PSECU; Barletta; PCUA's Rick Wargo; and Paul Wagner of Hershey FCU. Barletta told the group he is sensitive to the impact small businesses make in their communities and has a desire to help them grow and succeed.  Credit unions play a very important role in providing financial services to their members, Barletta said.  He and his staff also toured PSECU. (Photo provided by the Pennsylvania Credit Union Association) …
  • LANSING, Mich. (9/7/12)--The Michigan Credit Union League (MCUL) & Affiliates has endorsed incumbent U.S. House member Gary Peters (D) and candidate Kerry Bentivolio (R) ahead of this November's general elections. Bentivolio will face David Curson (D) for the right to replace former congressman Thaddeus McCotter, who left office earlier this year. MCUL CEO David Adams said the league is "proud to support candidates committed to working with local credit unions and who support our priority of serving local communities and helping small businesses get access to much-needed credit and capital that can help them grow and create jobs." …


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