The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...
It has an endless supply of funding: your credit union’s money.
Feds step up efforts to find CEO charged with embezzling in the failure of Taupa Lithuanian Credit Union in Cleveland.
As of July 18, former Taupa Lithuanian Credit Union CEO Alex Spirikaitis was still at large after a police came up empty after standoff at his suburban Cleveland home. Authorities turned to the public, asking for assistance in his capture.
It’s official. Richard Cordray is the director of the CFPB.
Alex Spirikaitis, former CEO of the liquidated Taupa Lithuanian Credit Union in Cleveland, is still a fugitive, but FBI promises his capture.
The CFPB could be a great danger to credit unions, which it has already demonstrated with a number of regulations, including new mortgage rules.
FBI says Taupa Lithuanian Credit Union case may involve more than one suspect, details charges.
CLEVELAND — An armed security guard stood behind a glass door of the credit union office in a non-descript brick building on Cleveland’s east side.
Authorities now uncertain CEO of failed Taupa Lithuanian CU was home when they attempted to arrest him on fraud charges.