Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TOPEKA, Kan.– Mark E. Kasson, former CEO of the Credit Union Group Credit Union here has taken a plea deal after being charged with making false entries to the CU’s records just before a state and NCUA exam was to take place.

Kasson, 38, of Lawrence, appeared before Senior Judge Sam Crow in a U.S. District Court in Topeka on May 23, two weeks after being charged. He admitted falsifying the credit union’s books to show that $3 million in loans had been sold to other credit unions. The participations never took place and court records show that Kasson made the entries on Jan. 10, 2006 “with the intent to deceive auditors and examiners of the Credit Union Group, the Kansas Department of Credit Unions and the NCUA.” He led the CU until March 2006.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.