outside accounting

Judge Strikes Down Another Suit in New London Case

By Michelle A. Samaad | December 18, 2011

In the ongoing pursuit to recover alleged mismanaged funds, another lawsuit tied to the collapse of New London Security Federal Credit Union has been dismissed.
Kansas Takes Over Small CU, Pending Investigation

By David Morrison | August 18, 2011

Department of Credit Unions cites "accounting irregularities" found during routine examination last week.
NCUA Files Suit on New London Loss

By Michelle A. Samaad | February 10, 2010

The NCUA has moved forward filing a suit to recover $12 million from the defunct New London Security Federal Credit Union after discussions to reach a settlement fell through.
NCUA Makes Good on Threat to Recover CU's Losses

By Michelle A. Samaad | February 3, 2010

Since discussions to settle a case involving an $11.8 million loss from the defunct New London Security Federal Credit Union fell through, the NCUA has moved forward with a suit to recover the misappropriated funds.

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