State and federal authorities are investigating suspected theft at the $28.7 million Louisville Metro Police Officers Credit Union, according to police and the Kentucky state regulator.

"The Louisville Metro Police Officers Credit Union reported a suspected theft to law enforcement officials and the (Kentucky) Department of Financial Institutions," DFI spokeswoman Elizabeth Goss Kuhn, said in a prepared statement. "DFI is conducting an examination of the credit union, and as part of that process, will examine the reported theft."

Dwight Mitchell of the LMPD confirmed a "theft-related incident" was reported to police last week. Although the department's financial crimes unit initiated an investigation, it was handed over to the FBI, Mitchell said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.