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CU System briefs (12/28/2010)
* DAYTONA BEACH, Fla. (12/29/10)--Two men, one an employee of the Daytona Beach News-Journal, have been charged with grand theft of an automobile and burglary after allegedly stealing a credit union's ATM housed at the News-Journal building. Charged were Jamie Greene, 40, a 15-year employee of the newspaper's packaging department, and Nick Ordway, 31. Police said Greene left work at about 3 a.m. Monday and returned an hour later, covered a surveillance camera and cut the wires to the Space Coast CU ATM before unbolting it from the concrete floor. The thieves use a dolly to roll it to a News-Journal forklift, which carried the 685-pound ATM to a newspaper van, which was driven to a residence. A neighbor saw sparks coming from the rear of the vehicle and called police. The thieves were not able to break the ATM cash box, which contained $24,000 … * HARRISBURG, Pa. (12/29/10)--Philadelphia-based American Heritage FCU and CEO Bruce Foulke sponsored a meet and greet Wednesday for newly elected U.S. Rep. Mike Fitzpatrick, according to the Pennsylvania Credit Union Association (PCUA). About 20 credit union and community leaders attended (Life is a Highway Dec. 23). Fitzpatrick will be the sole Pennsylvania representative on the House Financial Services Committee, said PCUA. Foulke and PCUA President/CEO Jim McCormack led a question and answer discussion, which centered on the debit interchange amendment and the unintended consequences to consumers. Fitzpatrick was receptive to the comments and appreciated the information, PCUA said … * TULSA, Okla. (12/29/10)--Tulsa Teachers CU (TTCU) President/CEO Leslie W. Rector announced that he will retire on Sept. 30, after 26 years with the credit union, 15 of them as CEO. He joined TTCU in November 1985 as vice president of operations and was promoted to executive vice president in 1990. Rector became president in 1996. During his tenure, TTCU grew to $979 million in assets from $155 million. Last year the credit union announced record asset growth along with strong capital reserves of 13.8%, which was attributed to an aggressive branching program. It is constructing its 13th branch. He also instituted the credit union's $14.3 million bonus dividend and rewards program. Rector also served on the Oklahoma State Credit Union Board, the Oklahoma Credit Union League (now CUAOK) Board, the Oklahoma Credit Union Shared Service Centers Board, and the Oklahoma Credit Union PAC Board. In March he received CUAOK's Lifetime Achievement Award. Upon retirement, he plans to return to school to become a drug and alcohol counselor …


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