ON DEADLINE

Register now

ATM Hit For $250K

LANDIS, N.C.-Three masked men escaped with about $250,000 of cash in a daring pre-dawn raid here after overpowering two armed guards who were trying to replenish a State Employees CU ATM. The three robbers, one of them toting a shotgun, tied up the guards with duct tape and stole their company van around 6:40 am Tuesday, then removed the cash from the van and left the truck burning in a field before fleeing the scene in a black Lincoln. The fire apparently destroyed any evidence in the van, including fingerprints. Police found the guards standing near the ATM with their hands tied and their handguns still in their side holsters.

3 FOM Bids, 1 Voter

ALEXANDRIA, Va.-The NCUA board, comprised of a single member, for now, will consider three larger community charter conversions nest week, including a bid by T&C FCU, Pontiac, Mich., to serve more than 1.2 million residents in Oakland County, Mich.

Also to be considered are requests by Dexta FCU, Wilmington, Del., to convert to a community charter encompassing 500,000 residents in New Castle County, or two-thirds of the state's population; and for Roanoke Valley FCU, Roanoke, Va., to serve 240,000 residents in Botetourt and Roanoke counties, Virginia. Also on the agenda is a request from Mid-Atlantic Corporate FCU, Harrisburg, Pa., to formalize a national FOM, which it has served informally since acquiring the FOM of defunct Capital Corporate FCU in 1996. Separately, the board is expected to approve a member business loan rule proposed by the state of Wisconsin.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER