-
By Peter Strozniak |
January 25, 2013
Cocaine, money laundering convictions net jail time for Ignacio Morales. Former Philadelphia credit union CEO also ordered to re-pay $9.6 million.
-
By Peter Strozniak |
October 1, 2012
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.
-
By Peter Strozniak |
October 1, 2012
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.
-
By Robert McGarvey |
September 17, 2012
It may be common–and it certainly is permitted under NCUA rules–but debates are beginning to be heard among some credit union experts when it comes to credit union employees (frequently the CEO) serving on the board of directors as treasurer.
-
By Robert McGarvey |
September 13, 2012
Industry experts bat around whether CEO serving as board treasurer is a good idea. Drugs and fraud case is an example. Print story online now.
-
By Heather Anderson |
September 10, 2012
Ignacio Morales, former CEO of the $7 million Borinquen Federal Credit Union, pleaded guilty Sept. 4 to embezzling $2.3 million and causing the institution’s 2011 collapse. And, according to court documents, a former board member may also be guilty of defrauding the community development credit union.
-
By Heather Anderson |
September 5, 2012
Defunct Philadelphia credit union's manager pleads guilty, faces Dec. 7 sentencing on charges that include embezzlment, drug dealing.
