A close-up look at a dozen cases by insiders and members that cost credit unions more than $185 million, and often, their very existence.
A CEO close to case says Broome County Teachers FCU failed to conduct proper due diligence that resulted in a $14 million fraud and the credit union's demise.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
Nov. 1 conclusion eyed for New York credit union's takeover of troubled New Jersey counterpart.
Heritage Federal Credit Union, Newburgh, Ind., was honored with the Diamond Merit Award in recognition of outstanding marketing and development achievements in the credit union industry.