Priority One Credit Union says 12 fraudulent cashier's checks have been presented in the last four days.
Stripped of its veneer, this is a risk management issue, says a Chicago-based financial services attorney.
The $252M Widget Financial FCU helps the FBI bust a five-person ring that stole $10 million over nine years.
Website operators tell CU Times they were not aware of founder's arrest.
Three years in prison for $630,000 theft from $3.1 million credit union.
ORLANDO, Fla. — Citibank fraud exec says data aggregator breaches are more worrisome than Target's.
Members claim four employees at the $608M credit union, including the CEO and COO, committed loan fraud to avoid overexposure to one member.
Authorities say Wilkes-Barre City Employees FCU Manager Jim Payne killed himself March 10, as the FBI opened up an investigation into the cooperative.
Credit union manager Jim Payne shoots himself on Monday. Law enforcement, regulators on scene Tuesday.
A false arrest has led to a $1 million lawsuit against Fort Worth City Credit Union and two of its executives.