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CU System briefs (11/30/2007)
* WARWICK, R.I. (12/3/07)--The Credit Union Association of Rhode Island presented a $50,000 check to the Special Olympics Rhode Island at the association's annual fundraising golf tournament. In the past decade, it has raised more than $300,000 for charity. From left are: Association Chairman Paul Archambault, Wave FCU; Association Vice Chairman Cidalia Rocha, Columbus CU; Special Olympian athlete Michael Lucca (holding the check); Association President Daniel Egan Jr.; Special Olympics Rhode Island Executive Director Michael McGovern; and Association Social Responsibility Committee Chair David Dupere, Anchor FCU. (Photo provided by the Credit Union Association of Rhode Island) … * PHOENIX, Ariz. (12/3/07)--The Arizona Credit Union League and First CU co-hosted U.S. Rep. Jeff Flake (R-6) Thursday at the credit union's corporate office in Chandler, Ariz. Flake addressed the crowd and confirmed his support of credit unions and limiting the role of the government. He also spoke about earmarks, immigration and the 2008 presidential election. "He took the time to meet one-on-one with each member in attendance and he was well-received," said Scott Earl, president/CEO of the Arizona Credit Union System. Pictured here, from left, are First CU members Benny Goodman and Jose Carerra with Flake. First CU has $463 million in assets. (Photo provided by the Arizona Credit Union League) … * TUKWILA, Wash. (12/3/07)--Seven Federal Way, Wash., high school students are under investigation for allegedly agreeing to sell their debit cards and personal identification numbers to other students for $500 to $1,000, then reporting the cards stolen. The cards were given to two men who deposited counterfeit checks into the accounts and made withdrawals, with fraudulent transactions totaling almost $10,000, said police. The investigation began when a father reported his son agreed to sell his debit card issued by BECU (formerly known as Boeing Employees CU). John Snodgrass, security risk manager for BECU, said the ring isn't an isolated incident and that criminals have tried to recruit students for several years. People who turn over their debit cards and PINs are liable for charges that appear on their accounts, he said (The News Tribune Nov. 30) … * VINELAND, N.J. (12/3/07)--A man may have lost thousands of dollars in an e-mail scam that promised him 10% of the total on several checks totaling $500 each he received after answering a phony company's employment offer. The company claimed to be GrandQ Textiles Fabric. The victim, 47, was to keep the 10% and wire the balance to an address in North Carolina (The Daily Journal Nov. 22). He went to the Bay Atlantic FCU and cashed the checks, kept $450 and paid $189 to wire the funds. The checks were phony … * CHARLOTTE, N.C. (12/3/07)--Charlotte police and the Federal Bureau of Investigation are seeking help from the public in identifying and locating the "Bluetooth bandits" responsible for eight bank robberies, including two robberies of Piedmont Aviation FCU, Greensboro, N.C. The credit union was robbed on Aug. 18, 2006, and Aug. 10, 2007. In each robbery, the bandits were armed and well-organized. In two robberies, one suspect wore a Bluetooth wireless in his ear, which authorities suspect was used to communicate with the others during the robbery (US Fed News Nov. 13) … * MEMPHIS, Tenn. (12/3/07)--Hope Community CU, a financial arm of Enterprise Corp. of the Delta, Jackson, Miss., will open its second branch in Memphis, Tenn. in January. The building is one of 10 branches closed by the former Regions Bank last month when it combined with AmSouth Bank. Hope Community opened its first branch in Memphis 18 months ago(Commercial Appeal Nov. 29) … * WASHINGTON (12/3/07)--Dwight Johnston, vice president of economic and market research at Western Corporate FCU, is the newest member of the Credit Union Economics Group (CUEG), a working group of credit union officials dedicated to the financial well-being of the credit union movement. Johnston brings more than 30 years experience in the investment business to CUEG. At WesCorp, he serves as the economic forecaster and market observer, and oversees educational commitments. He previously served as managing principal for WesCorp Investment Services LLC, the broker/dealer subsidiary of WesCorp …


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