Internet gambling

• NCUA Liquidates CU Linked to Online Poker

  By David Morrison  |  July 17, 2011

  The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...

• NCUA Liquidates Vensure FCU

  By Claude R. Marx  |  July 11, 2011

  Arizona credit union tied to Internet gambling operation, sued to stop NCUA conservatorship.

• NCUA Asks Judge to Continue Conservatorship of Venture FCU

  By David Morrison  |  June 5, 2011

  In a courtroom in the U.S. District Court for the District of Columbia last week, the NCUA tried to convince a federal judge to let it continue conserving Vensure Federal Credit Union.

• NCUA Argues for an End to Vensure Conservatorship Suit

  By David Morrison  |  May 31, 2011

  The NCUA is trying to convince a federal judge that it should be allowed to continue conserving Vensure FCU.

• Vensure Sues NCUA to Stop Takeover, Says Poker Ties No Secret

  By David Morrison  |  May 4, 2011

  Vensure Federal Credit Union has sued the NCUA in federal court to prevent the agency from taking control of its operations.

• Conserved Vensure FCU, Tied to Internet Gambling Account, Lives to Argue Another Day

  By David Morrison  |  April 28, 2011

  Vensure Federal Credit Union has a date in court, May 11, with the NCUA for the agency to show why its conservatorship should go forward.

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  Vensure FCU: Poker Patsy or Plotter?

  By David Morrison  |  April 27, 2011

  The closing of Vensure FCU raises questions about how NCUA supervised or failed to supervise a federally chartered CU.

• Vensure FCU Sues NCUA Over Conservatorship

  By David Morrison  |  April 26, 2011

  Arizona CU says it had disclosed relationship with Internet gambling payments processor, was in process of growing traditional services.