A bulletin released last week by the FBI revealed the reason the NCUA seized the $52 million Broome County Teachers FCU of Binghamton, N.Y., in June of 2011. Loan fraud.
Mother, son plead guilty to stealing $14 million from now-defunct Broome County Teachers FCU in Binghamton.
There are threats and then there are just scares. The top five threats that matter are itemized here.
The controversies involving the liquidated St. Paul Croatian Federal Credit Union continue, with a 32-count complaint filed May 21 in U.S. District Court in Cleveland by the NCUA.
Agency seeking more than $18.9 million in fraudulent loans and damages from businessman, wife, father-in-law in Cleveland credit union collapse.
BALTIMORE — Call this the loud message out of NACHA 2012: Financial institutions can choose to innovate. Or to die. And the pressures are higher on community banks and credit unions for a painful reason.
The percentage of payments made by check keeps slipping.
Wake up and smell the hack. “Mobile banking, I would argue, presently, is significantly more secure than is online banking,” said Kevin Travis, a partner with Novantas, a New York-based management consulting firm.
Fraudulent loans led to collapse of Cleveland credit union in 2010.
Anthony Raguz among seven suspects to plead against alleged ringleader in fraud that brought down suburban Cleveland credit union.