The FBI is investigating whether the former manager of the former Parsons-Pittsburg Credit Union embezzled $10 million and gambled it away at casinos in Oklahoma and Missouri, according to documents filed in U.S. District Court in Wichita, Kan.
A federal jury in U.S. District Court in Cleveland has convicted a 41-year-old Ohio man in the $70 million fraud case that led to the collapse of the St. Paul Croatian Federal Credit Union.
The Richmond, Va.-based credit union can't recover net worth after recession losses.
Consolidations will result in combined assets ranging from $241 million to $1 billion.
Players Choice Federal Credit Union will be based in Houston but have nationwide reach, organizers said.
Wisconsin league touts study conducted at Wisconsin credit union and Texas bank.
Former employee of liquidated Parsons-Pittsburg Credit Union cites millions in gambling, court documents say.
Texas Dow Employees CU and People's Trust FCU take in smaller, SEG-based counterparts.
An FBI lead investigator suggests credit unions step up efforts to prevent fake online account openings.
Four credit unions report closed branches in San Diego's northern suburbs.