CLARION, Penn. - (08/24/05)An employee of Clarion Onized FCU herehas been charged with theft by unlawful taking, a third-degreefelony offense, for allegedlystealing $12,000 in cash from thevault since 2003.Charged with the crime was Nancy P. Slaugenhoup,54, who failed to show up for work and reportedly traveled to NorthCarolina before turning herself in. Slagenhoup allegedly toldanother employee via telephone that she had removed the money fromthe cash drawer. Police said Slaugenhoup said she had beenborrowing hundreds of dollars at a time before thetheft escalated to $1,000 bundles.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
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The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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