U.S. District Court

• CU CEO Who Failed to Show for Embezzlement Hearing Found in Jail

  By Heather Anderson  |  August 30, 2012

  Ignacio Morales, former manager of the failed $7 million Borinquen FCU in Philadelphia, had a good reason to not show up in court on embezzlement charges.

• First Florida Credit Union Wins in Vendor Overdraft Dispute Case

  By Michelle A. Samaad  |  August 30, 2012

  Credit union found not liable for continuing contract with JM Floyd after company says automatic renewal followed merger.

• Fired Iowa Credit Union CEO Denies Sexual Harassment, Files Suit

  By Peter Strozniak  |  August 28, 2012

  Terry Maloy says Community 1st CU in Ottumwa falsely accused him of sexual harassment and seeks $1.5 million retention benefit.

• Big Loan Fraud Felled New York Credit Union

  By Heather Anderson  |  August 27, 2012

  A bulletin released last week by the FBI revealed the reason the NCUA seized the $52 million Broome County Teachers FCU of Binghamton, N.Y., in June of 2011. Loan fraud.

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  $14 Million Fraudster Was Credit Union Contractor

  By Heather Anderson  |  August 23, 2012

  Builder's website says he renovated now-failed BCT FCU's Montrose, Pa., branch. Faces sentencing in December along with his mother.

• $14 Million Loan Fraud Scheme Caused New York Credit Union Failure

  By Heather Anderson  |  August 22, 2012

  Mother, son plead guilty to stealing $14 million from now-defunct Broome County Teachers FCU in Binghamton.

• NCUA Bans Five Former Credit Union Employees

  By Heather Anderson  |  August 2, 2012

  The NCUA handed down five prohibition orders Wednesday, barring their recipients from participating in the affairs of any federally insured financial institution.

• Michigan League Hit with Discrimination and Retaliation Suit

  By Heather Anderson  |  July 13, 2012

  Michigan Credit Union League faces second gender discrimination lawsuit in two years.

• Matz Named in CFPB Suit

  By Heather Anderson  |  July 2, 2012

  NCUA Chairman Debbie Matz was named as a defendant in a lawsuit that challenges the constitutionality of the Consumer Financial Protection Bureau.

• Lane Requests Written Proof He Dictated WesCorp’s Investment Risk

  By Heather Anderson  |  June 29, 2012

  Former exec demands to see the documents.