Paul C. Smith, former president of the recently merged Laclede Community Credit Union, admits he stole $60K.
Encouraging member participation at annual meetings has become increasingly important in recent years with competition growing in the financial services marketplace, but tighter budgets have cooperatives scrambling to find affordable new ways to increase attendance.
The tiny $55K Chicago credit union had consented to a cease-and-desist order from the NCUA in 2013 for internal controls issues.
The NCUA’s October cease-and-desist order wasn’t enough to save the tiny Bagumbayan Credit Union in Chicago.
Illinois Credit Union League recognized for supporting legislation to protect elderly from financial abuse.
NCUA Board Member Michael Fryzel returned home to address more than 110 attendees at the Illinois Credit Union League’s Legislative Conference.
Illinois credit unions have joined banks and one of the state’s financial regulators to help working families save more.