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News Now

CU System
CU closes branch until more police added
STEUBENVILLE, Ohio (9/24/10)--An Ohio credit union is closing one of its branches until police protection is restored. Valley One Community FCU, a $30.5 million asset credit union based in Steubenville, Ohio, is temporarily closing its Mingo Junction, Ohio, branch because of police layoffs and is telling members to use its Steubenville branch (WTOV9.com Sept. 23). The credit union said it had no comment on the matter when contacted by News Now. “Our board, at the last meeting, voted to close temporarily until more policemen were added,” Valley One First Vice President Dominic Duco told the TV station. Valley One Community board officials are worried because the Steubenville branch was robbed a few years ago, Duco added. The armed robbery occurred with a full complement of police officers present. The credit union said it was concerned about the safety of its employees. At times--such as paydays when it cashes checks--the credit union holds up to $100,000 in cash, Duco told the station.


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