Saturday, August 30, 2014
NCUA Bans Three From CUs, Including One Former CU President
NCUA issued three prohibition orders Friday, banning the following people from participating in the business of any federally insured financial institution:
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Jean Trainor is stepping down as CEO of Veridian Credit Union to play a more active role in her son’s life. more »
WESTERVILLE, Ohio — Michael Wettrich has been named CEO of Education First Credit Union. Wettrich takes the role at the $87 million CU after serving as deputy superintendent for CUs within the Department of Financial Institutions in the Ohio Department of Commerce. more »
NEW YORK — The Treasury Department's Community Development Financial Institutions Fund (CDFI Fund) has awarded Financial and Technical Assistance awards to 21 credit unions, worth more than $28 million. more »
From the "in case you missed it" files, here are several news stories from all around the nation. more »
Incoming NCUA Board Member J. Mark McWatters took the oath of office today and joined the NCUA Board as its 21st member. more »
Amid ongoing fraud investigations of Oshkosh Central Credit Union, the $28 million shop will merge with Community First CU Sept. 1. more »
From the "in case you missed it" files, here are several news stories from all around the nation. more »
John Magill, CUNA executive vice president for government affairs and special assistant to the president, will leave the trade association September 5. more »
In an effort to reassure members it's stable, Wilkes-Barre City Employees FCU plans to name a new chief executive within the next month and has already created new policies to prevent people from taking out fraudulent loans. more »
ALEXANDRIA, Va. — NCUA Friday issued a cease and desist order to David Addison, formerly the chief executive of Texans Credit Union. more »
WILKES-BARRE, Pa. — Five members of Wilkes-Barre City Employees FCU, including one employee, were charged Thursday with conspiracy and bank fraud related to an elaborate scheme to obtain loans with false collateral and stolen identities. more »
From mergers and retirements to special programs being offered, CU Journal offers a quick look at the latest news from credit unions across the country. more »
FERGUSON, Mo. — Staff from Alliance Credit Union are out Wednesday in this troubled city, walking through debris left behind by Tuesday night's chaos, asking business owners if they need a 0% loan. more »
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