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CU System
CU System briefs (09/20/2010)
* ANCHORAGE, Alaska (9/21/10)--A former chief operating officer of ALPS FCU, based in Sitka, Alaska, has pleaded guilty in a U.S. District Court to a $187,348 embezzlement from the credit union (The Associated Press via Fairbanks Daily News-Miner Sept. 18). Vicki Lynn Weidenhof, 46, now of Chatsworth, Ga., took funds from the credit union's general ledger accounts and deposit the funds into her own account and into accounts of others. Sentencing has been set for be Dec. 13 ... * COLUMBIA, S.C. (9/21/10)--John Slack has been named to the new position of chief sales officer of Palmetto Cooperative Services LLC (PCS), a credit union service organization in Columbia, S.C. Slack had served as executive director of the Carolinas Credit Union Foundation since 2006. He also served with CUNA Mutual Group in a variety of roles from business consultant in 1996 to account vice president and division vice president for relationship management. For PCS, Slack will develop and maintain relationships with client credit unions and business partners. His responsibilities will include developing marketing and sales strategies for products and services, acting as primary liaison with strategic partners, pursing new product development, implementation and pricing strategies, and developing the tracking, forecasting and budgeting to support new business line development ... * MONROE, Mich. (9/21/10)--Monroe County Community CU President/CEO Paul Assenmacher will retire on April 1, 2011. During his tenure, the Monroe, Mich.-based credit union has grown from eight to 68 employees, from 2,800 to more than 30,000 members, and from $4 million to $143 million in assets. Mike Newman, current executive vice president/chief operations officer, will become president during the transition process and will become president/CEO upon Assenmacher's retirement in April. Newman has worked with the credit union since 1983. He has served on several Michigan Credit Union League committees and is currently on the league's Governmental Affairs Committee and State Issues Committee (Michigan Monitor Sept. 13) ...


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