Several credit unions and banks were allegedly defrauded out at least $200,000 through inflated auto loans and forged titles.
The former owner of an Indiana hotel was recently indicted by a federal grand jury for bilking more than $10 million from a credit union and several banks.
Bank Transfer Day was lauded for helping to nudge consumers toward credit unions. It was belittled as mere media hype. It was feared it would only bring in deposits and not loans, which would tip delicately balanced capital ratios.
Nov. 5 has been proclaimed Bank Transfer Day. This public groundswell against Bank of America’s $5 debit fee is a true national movement that aligns well with the credit union mission and credit unions need to hitch themselves to that wagon. Is your credit union prepared?
Is your credit union prepared for Bank Transfer Day?
SAFE CU reported as holder of accounts, said to have alerted authorities.
Like CUNA, NAFCU was wasting no time this week to counter the negative "credit union bailout" spin on some national media outlets, blogs and in social media.
The $1.3 billion Greylock Federal Credit Union, headquartered in Pittsfield, Mass., is focused on damage control and recovery in the wake of a series of revelations and resignations from some of its leaders.
Financial institutions in North Carolina, including the $18 billion State Employees' Credit Union have been wrestling since roughly mid-December with a novel approach to card skimming.