Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.
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.
One credit unions, walking distance from the NCUA that was once a shining star among small credit unions crumbled this year amid allegations of fraud, embezzlement and the suicide of its manager.
Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
NCUA complaint reveals suicide note on computer that lays out pursuit of "sinful things."