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CU System
CU System briefs (11/14/2012)
  • ST. PAUL, Minn. (11/15/12)--Ninety-three percent of candidates supported by Minnesota's credit unions were successfully elected to the Minnesota Legislature, says the Minnesota Credit Union Network (MnCUN).  The winning candidates were supported by MnCUN's Credit Union Volunteer Fund (CUVOL), which ensures that the credit union voice is heard at the state Capitol.  CUVOL contributed to 71 candidates during the 2012 election, with 48% donated to Democrats and 52% to Republicans. Of those, 66 won their elections. Minnesota credit unions also worked in campaign efforts to elect credit union-friendly candidates. MnCUN and credit union supporters participated in literature drops, door knock events, political action committee check presentations and legislative panels. MnCUN Vice President-Governmental Affairs said MnCUN and the state's credit unions are pleased with the results. "With a 93% success rate, our election efforts help to build the foundation for solid credit union support at the state Capitol." …
  • TOPEKA, Kan. (11/15/12)--A former employee of Enterprise (Kan.) CU has pleaded guilty to embezzling $817,167 from the credit union.  Pamela Emig, 36, of Solomon, allegedly admitted to the embezzlements, which occurred from 2005 to 2011 and involved kiting checks among accounts to cover up the thefts and shortages (LoanSafe.com Nov. 13).  Sentencing has been set for Feb. 11 …
  • SIOUX FALLS, S.D. (11/15/12)--Sioux Falls (S.D.)  FCU  has awarded Adopt-a-Classroom grants to seven area teachers to help them teach financial literacy to their students. "We feel that it's incredibly important to provide students in our community with the opportunity to learn how to manage money and how to make wise financial decisions," said Sioux Falls FCU President/CEO Fran Sommerfeld.  The grants went to teachers of special education, seventh grade math, two fifth grades, second grade, first grade and kindergarten …


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