ALEXANDRIA, Va. – The FBI is on site at the $42 million Nor-Car Federal Credit Union, undertaking an investigation of the institution that the NCUA put into conservatorship on Nov. 21. The Easton, Pennsylvania credit union was founded in 1936 and serves a variety of employee groups. An NCUA spokeswoman confirmed an embezzlement was one of the possible things that the FBI was investigating but would add only that “there were record keeping issues involved.” The NCUA became aware of the problem that led to the take over as part of its examination process, the spokeswoman added. (See page 6 for a listing of conservatorships over the last decade.)
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