N.H. Credit Union Acts as Members' Guardian Angel, Filing $4.2M Lawsuit
BERLIN, N.H. -- Claiming that a bank employee may have taken $4.2 million in certificates of deposits from its members, Guardian Angel Credit Union has filed a class action suit to recover the money plus accrued interest.
According to a July 1 complaint filed with the U.S. District Court in New Hampshire, the $40 million Guardian Angel deposited $99,000 with MetaBank on April 15, 2005. On April 17, 2006 and again in April 2007, the credit union renewed the CD with the bank. On Jan. 25, 2008, MetaBank sent a letter to Guardian Angel stating that it had "recently become aware of unauthorized certificates of deposit issued under its logo and brand name." The suit said Meta Bank employee Charlene M. Pickhinke had "absconded with the [CU CD] deposit"