FBI agent tells CU Times he's never seen a case where three employees independently stole from the same institution without collusion.
The Honolulu FBI says three employees embezzled funds in similar ways from the $12M OTSEFCU, but did not collaborate.
Farouk Wang, longtime board member at the $553 million University of Hawaii Federal Credit Union, died this past weekend at age 70.
According to recent reports in The Wall Street Journal and other publications, Hawaii’s tourism economy is experiencing a big wave of double-digit increases in visitor arrivals and spending over the past year. However, Hawaii credit unions reported a flat return on average assets during first-quarter 2012, according to the NCUA’s...
Second-quarter NCUA stats show Aloha State credit unions waiting for the wave of returning tourism dollars to lift their fortunes.
Twenty five Hawaii credit unions have now signed on to a statewide disaster relief effort, “Aloha for Japan,” led by Gov. Neil Abercrombie and demonstrating again that Hawaii feels the impact of the catastrophe more than any other state.