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News Now

CU System
CU System briefs (12/10/2012)
  • DETROIT and TEMPERANCE, Mich. (12/11/12)--A federal jury Friday found two Toledo, Ohio men guilty of robbing a Monroe County CU, in Temperance, Mich. in 2009. Quentin Sherer and Martin Tucker, both 33 years old, were found guilty after a week-long trial before U.S. District Court Judge Robert H. Cleland, according to U.S. District Attorney Barbara McQuade (CBS 62 Detroit and ClickonDetroit.com Dec. 8). Two men wearing masks and hooded sweatshirts entered the credit union on July 16, 2009, armed with semi-automatic pistols. Sherer allegedly demanded money while pointing his gun at one teller while Tucker was accused of pointing a gun at a member at another teller window and also demanding money. The two suspects ran out of the credit union with $6,000 to an awaiting car. A member followed the getaway car to Toledo, Ohio, where the suspects abandoned the car in a private driveway.  Tucker, a boxer, was arrested after the Federal Bureau of Investigation matched his DNA to that on a Q-tip nose swab taken during a boxing match in Toledo …
  • WEST JORDAN, Utah (12/11/12)--Mountain America CU President/CEO Sterling Nielsen is the newest member of the Western CUNA Management School (WCMS) Board of Trustees. He will join eight credit union CEOs, two league presidents, the WCMS president and WCMS provost on the board, which is responsible for oversight and direction of the school.  Nielsen has worked the past 17 years at the $3.4 billion asset, West Jordan, Utah-based credit union. Nielsen serves on the boards of Utah Credit Union Association, CUDL and CO-OP Shared Branching. WCMS serves 13 western states and is sponsored by the leagues and associations of those states, in cooperation with Pomona College in Claremont, Calif. …
  • HARRISBURG, Pa. (12/11/12)--Robert J. McCormack Sr., former Pennsylvania Credit Union Association (PCUA)  board chairman and chairman of the Scranton Times CU, died Sunday at the age of 83, according to PCUA  (Life is a Highway Dec. 10). He was employed by the Times for 42 years and served on the credit union's board for 20 years. In addition to serving as a director and board chairman at PCUA, McCormack was the founder and initial chairman of the Pennsylvania Credit Union Foundation. "Bob was one of the strongest leaders the league/association has ever had," said PCUA President/CEO Jim McCormack. "He was responsible for the development of the...foundation, and particularly the grant and fundraising initiatives...Bob will be missed at all levels of the credit union movement and by his family and friends." He is survived by his wife, Dorothy; five daughters; two sons; two brothers; nine grandchildren; and four great-grandchildren …


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