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CU System briefs (11/21/2011)
  • SAN ANTONIO (11/22/11)--San Antonio-based SACU honored retiring CEO Jeffrey H. Farver Nov. 19 by presenting a $100,000 Jeffrey H. Farver Endowed
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    Scholarship, which will benefit students at Alamo Colleges. The gift represents one of the largest endowed scholarships in operation at the Alamo Colleges Foundation. Farver led the credit union for the past 21 years. Out of town guests for the event included Credit Union National Association President/CEO Bill Cheney; Harriet May, CUNA Board chair and president/CEO of Government Employees CU of El Paso; and Richard Ensweiler, president/CEO of the Texas Credit Union League. From left are: Frank Burk, SACU Board chairman; Jim Eskin of the foundation;  Farver; and Randy Smith of the foundation. (Photo provided by SACU) …
  • ROCHESTER, N.H. (11/22/11)--Rochester, N.H.,-based Holy Rosary CU (HRCU) closed its first home loan in conjunction with The Housing Partnership (THP), a
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    not-for-profit affordable housing developer based in Portsmouth, N.H., on Nov. 3. The property, purchased by the Mercedes family as their first home, is one of five properties acquired and rehabilitated by THP using federal Neighborhood Stabilization Program (NSP) funds provided by the city.  Bill Cormier of Hourihane, Cormier  & Associates approached the credit union to work with THP to offer the homes for sale.  The NSP program is operated by the U.S. Department of Housing and Urban Development and is administered by the New Hampshire Community Development Finance Authority.  From left are: Jack Peduzzi, senior project manager, THP; Marty Chapman, executive director of THP; new homeowners Mr. and Mrs. Felix Mercedes; Cormier; and Julie Coakley, HRCU assistant vice president of lending and business development. (Photo provided by Holy Rosary CU) …
  • FORT WAYNE, Ind. (11/22/11)--An alert member foiled a robbery at Fort Wayne, Ind.-based Freedom Financial FCU by elbowing the suspect and knocking him down. When the unarmed suspect fled, the member followed and obtained the license plate number of the alleged getaway van. Police later arrested Michael Boester, 34, and Molly Hutmacher, 23, for attempted robbery. Hutmacher also faces a charge of neglect of a dependent.  A two-year -old who was in the van with the couple when police arrested them as they arrived home was placed with family. Police lauded the quick-acting member but cautioned residents to consider the consequences before trying to stop a crime in progress  (Associated Press via abclocal.go/com and The Journal Gazette Nov. 19) …


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