In 2011, an NCUA examiner-in-charge reviewed a 2010 state examination of the $23.6 million Taupa Lithuanian Credit Union and said it sounded all too familiar.
The material loss report on the failed Taupa Lithuanian Credit Union reveals red flags back in 2010. The failure cost the NCUSIF $33.5 million.
CLEVELAND - Michael Ruksenas was sentenced Friday to 17 months in prison for stealing more than $480,000. The family relationship was revealed in court.
Authorities finally captured former Taupa Lithuanian President/CEO Alex R. Spirikaitis Oct. 21, who had been a fugitive since July until he was nabbed by federal agents while walking on a sidewalk on Cleveland’s east side.
Cleveland credit union brags of 5-star rating on its website; Ohio DFI liquidates. NCUA numbers good.