Court records and sources familiar with an unfolding situation at Alabama One Credit Union said the NCUSIF and NCUA may soon face a regulatory failure.
The NCUA can intervene in a loan participation fraud suit involving the failed $13.8 million Lynrocten Federal Credit Union.
The Alabama One CU, target of a fraud investigation, says the ACUA was manipulated by trial lawyers when it suspended, then reinstated, four employees.
Michigan fraudsters make the case; South Carolina credit union sees the value. A look ahead to next week's print edition.
Several credit unions and banks were allegedly defrauded out at least $200,000 through inflated auto loans and forged titles.
Feds say Cleveland credit union loaned millions to Gezim Selgjekaj while he already was behind bars on unrelated conviction.
Clevelander Jukic Zrino was business partner with failed credit union's jailed CEO.
Three more charged, bringing to 24 number indicted in Cleveland credit union fraud and collapse.
Svetislav Vujovic pleaded not guilty to charges of bank fraud, money laundering and bribery in U.S. District Court in Cleveland on Friday.
Svetislav Vujovic to be arraigned on bank fraud, money laundering and bribery charges in Cleveland federal court.