By Christian Mullins
Executive Summary:
A redesign of paper currency in the United States may soon be underway…again. A federal appeals court ruled Tuesday that the uniform size, shape, and feel of currency discriminates against the blind and visually impaired. The Bureau of Engraving and Printing is already studying alternatives, with results expected by early 2009. The suit was originally filed in 2002.
In a ‘new to us’ article, Beacon FCU of La Porte, Texas has named (on April 14) Jack V. McAdoo as President/CEO. McAdoo had previously spent 11 years as President/CEO of StarTrust FCU, which grew from $21 million in assets to over $100 million during his stewardship. Beacon FCU is a $90 million asset financial institution with about 15,000 members.
If there could be a silver lining in declining home values, it’s an increased ability for households earning the national average to afford homes in their market. Currently, 53.8% of homes sold during the first three months of 2008 were affordable to families earning $61,500 per year, the national median. The article includes a chart depicting this aspect of the home market for the top 223 population centers in the United States.
Robbed:
- Nothing to report today.
Arrested, Arraigned, Charged, or Sentenced:
- Richard James Ditzel, 41, of North Natomas, California has pleaded guilty to embezzling $409,000 over a period of 6 1/2 years from Sacramento’s SAFE CU, while serving as their financial record keeper. The funds were used to pay personal credit accounts and invest in coins and other valuables. Ditzel is scheduled to be sentenced on August 5.
- Daniel Grams, 53, was sentenced to six years in prison for robbing the West Michigan CU on January 9, 2008. He was arrested and confessed to the robbery while attempting to rob the same credit union on January 29.
Posted by Christian Mullins 