The IBEW Local 816 FCU was ruled insolvent despite conflicting financial reports.
Jessica Sorensen receives light jail time and probation for brazen fraud.
Experts say new threats face credit unions this year when it comes to fraud and theft.
SAN FRANCISCO – Credit unions have experienced losses as high as seven figures due to fraudulent transfers, loans and online transactions, CUNA Mutual expert says.
Paul C. Smith, former president of the recently merged Laclede Community Credit Union, admits he stole $60K.
A former Suncoast FCU teller receives a three-year prison sentence for her role in a fake IRS refund check scheme.
Two former CU employees, a wholesale auto vendor and an ID thief face justice.
Two former president/CEOs are among those whose credit union careers are finished.
Indianapolis man accused of bilking more than 5,000 investors.
Email fraud appearing to be from a big bank pitches 15% yield, claiming an international partner.