Enforcement action over what bureau said were widespread kickbacks to lenders across the country.
Two years ago, AEA Federal Credit Union’s future looked bleak as it nearly succumbed to the greed of a lending officer who took the cooperative to the brink of collapse.
Mendivil had been serving as executive vice president of the conserved Arizona credit union for the past two years.
This in-depth look at a conserved and now recovering Arizona credit union is a preview from next week's print edition of Credit Union Times.
The Yuma, Ariz.-based credit union, which is still under NCUA conservatorship, posted 2012 year-end net income of $3.15 million.
Agency looking at alleged kickbacks to bankers, violations of RESPA.