By Christian Mullins
Executive Summary:
Southern Traditions CU, with offices in Georgia and North Carolina, announced intentions to merge into Doco Regional FCU, also based in Georgia. Once combined, Southern Traditions CU ($41 million in assets) and Doco Regional FCU ($85 million in assets) will serve 13 counties and 34,000 members.
Tucoemas FCU, of Visalia, California, has been ordered to pay more than $1.5 million to a former executive. The credit union, with over $191 million in assets, was found guilty of workplace discrimination against Kim McGee, a former vice president forced out of her job after being diagnosed with breast cancer. After taking time off for treatment she was demoted, and her hours were cut to the point where she no longer qualified for health insurance. The case, originally ruled in favor of McGee in 2003, was on appeal to the U.S. Supreme Court. The Court declined to hear the case, effectively ending all legal options for the credit union.
Robbed:
- Florida Telco CU, Jacksonville, Florida, Friday. A man approached a teller and demanded a stack of $100 bills. He fled on foot with an undisclosed amount of cash. No weapon was shown, and no one was injured.
- Security One CU, Arlington, Texas, Monday. A man, armed with a rifle, threatened members and staff before leaving with an undisclosed amount of cash. He wore a rubber mask, but gold dental work on his front teeth was visible. No one was injured.
Arrested, Arraigned, Charged, or Sentenced:
- In Fresno, California, police have arrested and charged Aida Hernandez with over 150 felonies relating to a large scale identity theft ring. In the past six months, it is believed that she and three accomplices tapped into 319 credit union accounts. The total losses are believed to be in the range of $500,000. Two of the accomplices are still at-large.
Posted by christianmullins
