FBI agent tells CU Times he's never seen a case where three employees independently stole from the same institution without collusion.
The former assistant manager and four members of the $40M Wilkes-Barre City Employees FCU plead not guilty to a straw loan scheme.
Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.
DFI officials are investigating irregularities at the $28M Oshkosh Central CU. Two employees have been suspended.
Authorities say Wilkes-Barre City Employees FCU Manager Jim Payne killed himself March 10, as the FBI opened up an investigation into the cooperative.
Credit union manager Jim Payne shoots himself on Monday. Law enforcement, regulators on scene Tuesday.
Peter Kavalauskas, 62, was CEO of the $994 million Northeast Credit Union in Portsmouth, N.H.
A former accounting assistant at the $104 million Pinal County Federal Credit Union in Casa Grande, Ariz., who confessed last year to stealing almost $800,000, was recently sentenced in federal court to one year in prison and ordered to pay $555,571 in restitution and $200 in court assessment fees, according...
Former Pinal County FCU accounting assistant issued CU checks for her personal use.
Three former employees of the $13.8 million Lynrocten Federal Credit Union have been accused of loan participation fraud in a $1.7 million civil lawsuit.