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CU System
CU System briefs (11/29/2010)
* ORLANDO, Fla. (11/30/10)--A former employee of a bank and a credit union pleaded guilty two counts of bank fraud and one count of aggravated identity theft after accessing member accounts at a Lake County, Fla., branches of Orlando-based Fairwinds CU and Royal Bank of Canada. Nazreen Mohammed, 47, faces a maximum term of 30 years in prison on the fraud accounts and a mandatory two-year consecutive sentence related to the identity theft. According to the plea agreement, Mohammed gained access to credit union accounts without authorization from April 17, 2009, through July 18, 2009. She allegedly created loans and withdrew funds from the accounts of elderly or deceased members, then transferred the proceeds into accounts of other members before eventually withdrawing them. She obtained $82,300 with the ruse, and attempted to attain more than $127,431. At the bank from Nov. 5, 2009, through Jan. 7, 2010, she allegedly used the ruse to attempt to steal at least $312,581, said a prosecutor's press release (Targeted News Service Nov. 22 … *
ANN ARBOR, Mich. (11/30/10)--The Huron Valley Chapter of credit unions got some face time with several incoming lawmakers at the chapter's legislative breakfast, said the Michigan Credit Union League (Michigan Monitor Nov. 29). Participating were Reps-elect Mark Ouimet (R-52), Rick Olson (R-55), Jeff Irwin (D-53), and David Rutledge (D-54), and Sen.-elect Bruce Caswell (R-16). Ouimet and Olson discussed their experience working in the financial services industry and their interest in healthy, local financial institutions. Caswell stressed the importance of personal financial responsibility, and Rutledge mentioned he would make the bipartisan "tough votes" needed to turn around the state's economy. Pictured are participants at the breakfast. (Photo provided by the Michigan Credit Union League) … * PORTLAND, Ore. (11/30/10)--OnPoint Community CU's Credit Union for Kids Auction raised a record $124,000 to benefit the Children's Miracle Network hospitals in the area. The funds will help support a professorship for Dr. Robert Steiner at Doernbecher Children's Hospital; a labor and delivery triage room at Sacred Heart Medical Center, and a HUGS infant security system at Rogue Valley Medical Center … * TEMPE, Ariz., and CHAMBERSBURG, Pa. (11/30/10)--Patriot FCU, based in Chambersburg, Pa., and Tempe, Ariz.-based LemmonTree Marketing Group have been recognized with an honorable mention in the design/website category in the 2010 MarCom Awards of the Association of Marketing & Communication Professionals. The competition attracted more than 5,000 entries. LemmonTree revamped and redesigned the $431 million asset credit union's website with online applications, easier navigation, faster flash downloads, and features such as online chat, podcasts and financial resources …


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At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
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.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
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.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
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#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
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