A Wisconsin credit union has disclosed it is among the victims of an alleged nationwide fraud scheme that may involve more than $175 million in bogus U.S. Department of Agriculture-backed loans that were sold to financial institutions, retirement funds, municipal groups and other investors across the country, according to the...
An Orlando businessman allegedly sold bogus USDA-guaranteed loans to UWCU through a third-party vendor.
Ohio man receives nine-year sentence, ordered to pay nearly $3M in restitution.
Lester Warby succeeds Michelle Johnson at $12 million Montana credit union previously sacked by a business loan scheme.
Dona Takushi's lawyer tells local media his client 'went off the tracks' when she stole $120,000 from a Hawaii credit union.
The two latest reports of internal credit union fraud both involve cooperatives serving law enforcement.
A woman was sentenced the week of Sept. 8 to 13 months in prison for stealing nearly $360,000 from her credit union employer.
Jenny Nishida receives 13 months in prison for her theft of nearly $360,000.
Security expert tells CU Times JPMorgan and others fail to invest in enough technology to protect against system access.
The former assistant manager of the $40 million Wilkes-Barre City Employees Federal Credit Union and a police officer approached individuals to use their name to apply for loans, and then refinanced those loans or added debt to them without the individual's knowledge, according to federal indictments.