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CU System
CU System briefs (09/23/2009)
* NEWARK, N.J. (9/24/09)--A New York man was sentenced Tuesday to 141 months (nearly 12 years) in prison for stealing Social Security numbers and selling them to an identity theft ring that targeted home equity lines of credit at New Jersey credit unions and banks. Yomi Jagunna, 44, of Queens, pleaded guilty in May to selling 39 of the numbers for $30 each to a group believed to have siphoned at least $2.5 million from dozens of banks and credit unions, including New Jersey credit unions in Basking Ridge, Bridgewater and Toms River. Jagunna was one of eight people charged last year in connection with the ring (The Star Ledger Sept. 22) … * PROVIDENCE, R.I. (9/24/09)--A Pawtucket man was sentenced Tuesday to eight years in prison for robbing a bank and the Central Falls branch of Smithfield-based Navigant CU. Anthony Soares, 46, pleaded guilty in June to the Sept. 15, 2008, robbery of the credit union. He also pleaded guilty to robbing a bank in Providence five days later (Associated Press Newswires Sept. 23) … * FARMERS BRANCH, Texas (9/24/09)--John Reap, president/CEO of Town North Bank, which is owned by a group of Texas credit unions, has announced his retirement. He had been at the bank for 30 years, the past 15 as CEO. Steve McDonald, who served as executive vice president and chief financial officers of the bank since September 2008, was been appointed as Reap's successor. Town North Bank was purchased by credit unions in 1975 and formed its card processing operation, TNB Card Services, in 1976. Initially focused only on Texas credit unions, it now provides credit and debit card processing for more than 550 credit unions nationwide. Reap was also a charter member of the Texas Credit Union Foundation board of directors as an advisory director, said the Texas Credit Union League (LoneStar Leaguer Sept. 23) …


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