Improved financials, new products and services under NCUA conservatorship following insider lending fraud case.
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.
When asked how he sees the state of business services and lending among credit unions, Larry Middleman teeters on optimism and concern.
In the latest update involving AEA Federal Credit Union, a judge has rejected claims from a real estate developer that the NCUA-conserved cooperative is still responsible for funding his projects.
The timing of a collaboration between two of the industry’s well-known entities to fight employee dishonesty could not have come soon enough.
A judge has rejected claims from a real estate developer that the NCUA-conserved AEA Federal Credit Union is still responsible for funding his projects.
Prosecutors recommend developer get year in prison, probation after testifying against former credit union lending officer.
After a two-week trial that included several witnesses testifying against each other, a jury found William Liddle, a former loan officer at AEA Federal Credit Union, guilty of several counts of fraud and money laundering.
William and Rhonda Liddle convicted in Arizona business loan case.
Two major credit union cases involving business loan fraud made news over the past week.