LYNCHBURG, Va.—Authorities are now saying that as much as $1.7-million is missing from the $10.4-million Centra Health Credit Union here following an investigation that began in late 2014.
Fresh Today
MADISON, Wis.—The National CU Foundation is inviting credit union organizations to hold a Financial Fitness Day fundraiser on April 1, 2015 to kick off National Financial Literacy Month and National Credit Union Youth Month.
BIRMINGHAM, Ala.—It isn’t just consumers being victimized by having their financial information stolen; new data indicates that medical identity theft is also a growing problem.
LYNCHBURG, Va.—Linda Sue Newcomb, 63, the former manager of the Lynrocten Federal Credit Union here, has pleaded guilty to one count of embezzlement from a federal credit union, two counts of bank fraud and one count of aggravated identity theft in a scheme that caused $13-million in losses and led to the liquidation of the credit union in May of 2013.
TACOMA, Wash.—Police have indicted 10 people here in connection with an alleged stolen check ring that led to losses of nearly $1 million for financial institutions, including a number of credit unions.
WINSTON-SALEM, N.C.—James Tucker, a member of Piedmont Advantage Credit Union, won the $10,000 grand prize in North Carolina’s “Save to Win” prize-linked savings program.
WASHINGTON – CUNA has named Robert Henson as its new associate director of advocacy.
DULUTH, Ga.—The Georgia Credit Union League has named two people as winners of its most prestigious honors: Marshall Boutwell, CEO of Peach State FCU, has been named the recipient of the Moses C. Davis Lifetime Achievement Award, while Diana Houston, senior vice president-business development at Georgia Credit Union Affiliates, has been named the winner of the Eloise Woods Distinguished Service Award.
SAN ANTONIO—Firstmark Credit Union has signed a five-year sponsorship deal for the new Alamo Stadium digital scoreboard here.
WASHINGTON—Congressman Jeff Miller (R-FL) has introduced into the House a bill that would exempt business loans made to veterans from the CU MBL cap.