Former employee had cosigned on defaulted loan.
A former employee and member of the $18.6 million Wallingford Municipal Federal Credit Union was awarded more than $200,000 after a judge ruled the Wallingford, Conn., cooperative committed theft when it seized the woman’s $13,801 Social Security disability benefit.
State judge rules that Wallingford Municipal Federal Credit Union stole protected benefits to repay defaulted loan.
Credit unions that receive garnishment orders for accounts that receive federal benefit payments via direct deposit soon must provide member access.
NCUA Chairman Debbie Matz last week announced the selection of James Hagen as the agency’s next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will succeed William DeSarno, who is retiring.
As someone who firmly resides in a no regrets zone, Stacey Walker, board director at XCEL Federal Credit Union, has never had a problem pushing past her comfort levels.
Free sessions focus on benefits, changes.
The third annual nationwide Protect Your Identity Week will be observed Oct. 17-23, a joint project of the Council of Better Business Bureaus and the National Foundation for Credit Counseling.
More than 150 free events are planned nationwide for the third annual Protect Your Identity Week, set this year for Oct. 17-23, organizers say.
The most striking thing a visitor notices about New York City's Lower East Side People's Federal Credit Union is how much it feels like Jimmy Stewart's Bailey Building and Loan in Frank Capra's classic film "It's a Wonderful Life."