Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
FBI 2Q report 7 of robberies were at CUs
WASHINGTON (9/29/10)--During second quarter of 2010, roughly 1,146 robberies and incidental crimes affecting financial institutions were reported to the Federal Bureau of Investigation (FBI). Of those, 85 or 7% were at credit unions. Commercial banks were hit by 1,013 instances, said the FBI's report, released last week. Credit unions were second highest with the 85, followed by savings and loan associations with 26 robberies, then mutual savings banks, with 11. The figures are not a complete statistical picture of the nation's robberies of financial institutions because not all are reported to the FBI. The agency noted that in 91% of the incidents, suspects stole more than $8.4 million, mostly in cash but about $4,130 in checks, including traveler's checks. Of that amount, 21% --more than $1.3 million--was recovered. Bank crimes continued the trend of occurring most frequently on Friday, traditionally pay day. Monday was the second-most popular day for the crimes. Regardless of the day, the most popular time of day for bank crimes occurred from 9 a.m. to 11 a.m. Five percent of the robberies included acts of violence, resulting in 23 injuries, five deaths and nine persons taken hostage. Oral demands and demand notes were the most common method used by the culprits. The most crimes occurred in the Western U.S., which reported 403 incidents. The South had 348 robberies. North Central and Northeast regions had 212 and 163 incidents, respectively. Among states, Pennsylvania financial institutions reported the most robberies--62, followed by Illinois with 56, Ohio with 49, New York with 48, and Georgia with 42 incidents. Use the link for the full report.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
14 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
17 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
17 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
18 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
19 hours ago