Executive Summary:
- In a rare moment, the Treasury Department Secretary Henry Paulson managed to anger just about everyone under the sun, including the American Bankers Association and Credit Union National Association, with the proposed overhaul of the nation’s financial regulatory structure.
- Bill Sterner, President and CEO of Boulder, Colorado based Elevations Credit Union, passed away after suffering a heart attack. He was 66. With an impressive resume in the credit union industry, he took the helm of the credit union in 2000. During that time, assets grew from $340 million to $790 million.
- Twin City Co-ops FCU, a Minnesota based financial institution with almost $600 million in assets, officially changed their name to Spire FCU. In a press release, CEO John Gisler stated, “We wanted a name that was strong, had meaning behind it, and did not narrowly define us geographically”. Check, check, and… check.
Robbed:
- First Federal CU, Rio Rancho, New Mexico. Brandishing semi-automatic pistols, two men took an undisclosed amount of cash from the location. No one was injured in the robbery.
Arrested, Apprehended, Charged, or Sentenced:
- Brian Scott Traynor, of Rancho Cordova, California, was sentenced to seven years in prison for seven financial institution robberies from August 2005 until March 2007. Included in the ‘Sports Cap Robber’s’ heists were credit unions in Citrus Heights and Rocklin.
Posted by christianmullins
