Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
Detroit's Amez United CU had 158 members and $168,865 in assets, and a lot of delinquent loans.
Sharon Broadway stole $2.1 million from the United Catholic Credit Union over a long time, and she will spend a long time in prison for it.
Sharon Broadway's theft led to the summer liquidation of the $303,261 United Catholic Credit Union in Temperance, Mich.
Merger activity in Michigan picked up steam this week with separate consolidations being sought with state agencies.
Ken Ross, the commissioner of the Michigan Office of Financial and Insurance Regulation, has been named to the NASCUS board of directors.
The Michigan Office of Financial and Insurance Regulation announced Thursday it has selected John J. Kolhoff as the new deputy commissioner of the Credit Union Division succeeding veteran Roger Little.
Roger Little, the veteran Michigan credit union regulator and past chairman of the National Association of State Credit Union Supervisors, is retiring Jan. 1.
The $2.7 billion DFCU Financial CU of Dearborn, Mich., announced it has filed an application with regulators to merge the $181 million MidWest Financial FCU of Ann Arbor,
Michigan regulators have two merger applications pending this month, one being the largest in years, a $1.4 billion consolidation of NuUnion CU of Lansing and Detroit Edison CU of Plymouth and the other a regional compact involving a troubled Detroit CU.