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CU System briefs (12/21/2010)
* INDIANAPOLIS and WASHINGTON (12/22/10)--Counterfeit cashier's checks bearing the name of FORUM CU, Indianapolis, are in circulation, the credit union told the Federal Deposit Insurance Corp. (FDIC). The items display FORUM CU's routing number but are dissimilar to authentic cashier's checks. The credit union does not issue cashier's checks; however, it does issue bank checks. Authentic checks are blue and gray, display the phrase "VOID AFTER 180 DAYS" in the top right corner and have on the reverse side a watermark displaying the credit union's name and the words "original document." The fake checks have a security feature statement embedded with a darkened top border, with two padlock icons along the bottom border. They also display the words "CASHIER'S CHECK" in the top center, with the word "REMITTER" written in the lower left corner and the phrase "VOID AFTER 90 DAYS" in the top-right corner … * BOSTON (12/22/10)--A man suspected of being a serial bank robber and clad in a mask, hoodie and baseball cap was tackled by police officers and arrested as he walked up to a bank in Cambridge, Mass., Monday (The Boston Globe Dec. 21). The officers had Paul Gowell, 53, of Wakefield under surveillance for several days and had followed him as he circled Cambridge Trust Bank several times. When he donned a mask, "we shock and awed him," police told the publication.,He has been charged with attempted bank robbery in that incident and has been charged in the robbery of Harvard University Employee CU on Oct. 30 and another bank on Dec. 3. Police said he confessed to robbing five financial institutions over the past several months … * MILWAUKEE, Wis. (12/22/10)--Christine Moczynski has been named president/CEO of Prime Financial CU, Milwaukee, which was seized by regulators in 2009 (Journal-Sentinal Online Dec. 20). Moczynski, who has served as interim CEO since August, has been with the credit union since 1995. She was the credit union’s chief financial officer prior to being named interim CEO. On Feb. 27, 2009, Prime Financial was taken over by regulators because of a “management structure issue.” The credit union was turned over to its members in May … * INDIANAPOLIS, Ind. (12/22/10)--Gary Irvin, president/CEO of FORUM CU, announced his retirement, effective Dec. 31. Irvin cited the health of his elderly father and the arrival of another grandchild as factors contributing to his decision. “I feel the time is right both personally and for the credit union for me to make this decision,” he said. “FORUM has a solid foundation for the future and capable leadership within the board and senior executive team.” …


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