In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
An FBI lead investigator suggests credit unions step up efforts to prevent fake online account openings.
Thanks to an alert branch manager and astute IT staffers, the $252M credit union cracked a $10M identity theft case.
Many small on-campus credit unions are particularly feeling the squeeze of product growth demands and face merger pressure.
Rutgers University Student Assembly members are taking a stand against the closing of a campus CU branch.