AEA

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  AEA FCU Back From the Brink

  By Michelle A. Samaad  |  February 13, 2013

  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.

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  AEA FCU Back From the Brink: Print Preview

  By Michelle A. Samaad  |  February 7, 2013

  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.

• AEA Federal Credit Union Announces $200,000 GO Direct Initiative

  By Michelle A. Samaad  |  September 10, 2012

  Program ties $10,000 donation to community service organization to car loans cash back program.

• AEA Federal Credit Union Accomplice Gets Two-Year Prison Term

  By Michelle A. Samaad  |  April 10, 2012

  A co-conspirator in the business lending kickback scheme that led to the collapse of AEA FCU has been sentenced to 24 months in prison.

• Judge Gives AEA FCU Authority to Recover Lost Loan Funds

  By Michelle A. Samaad  |  October 25, 2011

  Nearly a year after AEA Federal Credit Union was placed under NCUA conservatorship, the financial institution is in court trying to recover some of the funds it allegedly lost in millions of dollars of soured business loans.

• Yuma Businessman Pleads Guilty in AEA Case

  By Jim Rubenstein  |  June 20, 2011

  Faces sentencing in October; admits paying kickbacks for $22 million in loans for now failed kids park and nightclub.

• Following AEA Failure, NCUA Reaffirms Case by Case Stance

  By Jim Rubenstein  |  December 21, 2010

  The NCUA, which over the weekend conserved AEA Federal Credit Union, reaffirmed Tuesday its policy of resolving CU failures on a case by case basis, choosing among liquidation, merger or ongoing preservation.

• Arizona CU Rocked by Business Lending Fraud

  By Michelle A. Samaad  |  December 2, 2010

  AEA Federal Credit Union in Yuma, Ariz., announced today it has been notified that the FBI has filed criminal charges with the U.S. Attorney's Office alleging fraudulent actions on the part of its former vice president of business services.