A U.S. District Court judge in Alexandria, Va., sentenced Timothy J. Coughlin, 63, of Indianapolis to more than seven years in federal prison the week of Oct. 20 for embezzling $10 million through a fake credit union.
Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.
Snubbed by lenders, entrepreneurs are taking their pitches to the people.
NCUA Board Member Metsger explains how he was convinced to vote in support the final rule.
To excel in today’s competitive environment, boards must be willing to make bold decisions. However, bold decisions can be risky, particularly for directors worried about protecting their personal assets. Directors should feel comfortable being decisive without the threat of litigation hanging over their heads.
The NCUA will consult with Congress on a possible legislative remedy to modernize the Central Liquidity Facility, according to the regulator’s annual report.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
New CEO cites loan loss provisions as struggling Las Vegas credit union continues red ink bath.
On the heels of Sheila Bair relinquishing her chairmanship of the FDIC, NCUA seems poised to incorrectly continue her legacy.