Checks obtained in scheme were cashed at branches of Redstone FCU and Regions Bank, feds say.
ODENVILLE, Ala. — Two days before Christmas in 2007, Glenn and Sara Sasser’s plans were obliterated like an unsuspecting step on a hidden land mine.
After losing his wife, Glenn Sasser created a thriving new business with the help of his local credit union, and none from the banks.
The $561 million, 68,500-member SAC Federal Credit Union has unveiled its plans for a new corporate headquarters in the Omaha suburb of Papillion, Neb.
Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.
Stung by writedowns in its real estate portfolio and the slowdown in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs confirmed Tuesday it laid off 19 employees last week and has closed several branches.
Omaha CU wins approval for doubling market penetration from four to eight counties in Nebraska and Iowa.