Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.
Authorities say Wilkes-Barre City Employees FCU Manager Jim Payne killed himself March 10, as the FBI opened up an investigation into the cooperative.
Credit union manager Jim Payne shoots himself on Monday. Law enforcement, regulators on scene Tuesday.
Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.