Another small bank has been absorbed by a massive credit union. From Bank Street Partners: DELRAY BEACH, FL (July 26, 2018) — The $1.1 billion IBM Southeast Employees’ Credit Union (IB...
Another Credit Union Closes After Claims of Fraud and Investigation by FBI. From the Courier Journal: The Louisville Metro Police Officers Credit Union has closed amid an FBI investigation and ...
From Daily News: A credit union that specializes in financing the yellow-taxi business is squeezing cab drivers and their families whose pieces of the American Dream were wrecked by competition from a...
From Credit Union Times: Sherry Ann Allen stole more than $1.1 million from the Greater Eastern Credit Union by using a hidden transaction feature, knowing no one at the Johnson City, Tenn.-based coop...
From Aaron D. Klein of American Banker: The vast majority of credit unions in America happily serve their important mission of providing financial services to well-defined communities. A small handful...
From Bob Hennelly, of The Chief: The Municipal Credit Union, whose longtime president and CEO has been accused of embezzling millions of dollars that he squandered playing the lottery and indulging a ...
From WJHL News: The former CEO of a Johnson City credit union has pleaded guilty to theft and tax evasion. Sherry Ann Allen, age 49 of Johnson City, pleaded guilty on Wednesday to embezzling mor...
From Crain’s New York Business: The chief executive of New York’s Municipal Credit Union, Kam Wong, was charged with fraud and embezzlement by federal prosecutors today after allegedly bi...
From the Credit Union Times: A North Carolina federal grand jury on Friday indicted Saundra Torrence, a 27-year president/CEO of the $32 million First Legacy Community Credit Union, for allegedly embe...
From the Credit Union Times: The NCUA’s approval of 29 mergers in January and February included the consolidation of an Arizona credit union that lost millions in taxi medallion participation loans, w...
