Former executives admit to stealing funds at cooperatives in Kansas and Michigan.
Ohio bookkeeper receives 21-month sentence for embezzling $1M from failed credit union.
Company warms credit unions to be aware of scams involving home equity lines of credits and wire transfers.
The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.
A Wisconsin credit union has disclosed it is among the victims of an alleged nationwide fraud scheme that may involve more than $175 million in bogus U.S. Department of Agriculture-backed loans that were sold to financial institutions, retirement funds, municipal groups and other investors across the country, according to the...
Prosecutors allege former employee at Heritage Trust FCU used $325,000 to pay for personal credit card bills.
Crooks purchase phone numbers similar to credit union call center line and pose as service reps to harvest sensitive information.
An Orlando businessman allegedly sold bogus USDA-guaranteed loans to UWCU through a third-party vendor.
Two men convince 20 members of the $1.4B Royal Credit Union through Facebook to sell their accounts for drug money.
Proactive tactics helps stop fraudulent transactions over the past 12 months.