One credit unions, walking distance from the NCUA that was once a shining star among small credit unions crumbled this year amid allegations of fraud, embezzlement and the suicide of its manager.
Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
NCUA complaint reveals suicide note on computer that lays out pursuit of "sinful things."
The NCUA’s official reason for liquidating the $2.4 million Shiloh of Alexandria FCU on April 12 is that the community development credit union was insolvent and had no prospect for restoring viable operations.
John Dupree Jr. died at age 48 on April 4, the day before the NCUA liquidated his Alexandria, Va., CDCU.
As of Dec. 31, Shiloh of Alexandria FCU reported 16.52% net worth, 1.08% delinquent loans, no charge offs and ROA of 1.37%.