Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CU president U. employee indicted in grant funds theft
TALLAHASSEE, Fla. (7/9/10)--A credit union president and a college program director were indicted Wednesday in Tallahassee, Fla., on federal charges in connection with the theft of federal grant money. Eugene Telfair, president of Florida A&M University (FAMU) FCU, Tallahassee, and Robert Nixon, director of the Institute on Policy and Commerce at FAMU, were each charged with conspiracy, theft from an organization receiving federal funds, and embezzlement of funds entrusted to a federally insured credit union (The Tallahassee Democrat July 7). FAMU does not use the credit union for financial services, Sharon Saunders, university spokeswoman, told the newspaper. Telfair and Nixon “conspired to steal approximately $134,253 in funds,” Karen Rhew-Miller, spokeswoman for the U.S. Attorney’s Office, said. The indictment alleges the two men “wrote one another checks to make their taking of the funds appear legitimate.” The U.S. Department of Housing and Urban Development’s Historically Black Colleges and Universities program awarded the funds to FAMU, the paper said. FAMU FCU has $20 million in assets.


RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
5 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
5 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
5 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
6 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
7 hours ago