The $59 million A-K Valley Federal Credit Union, headquartered in Pittsburgh, has announced that it is closing one of its four branches because the branch has been robbed too often.
|"It is with saddened hearts and much discussion that this decision was made," the credit union said, citing its "concern for the safety of our employees and the members who use the credit union."
|A-K said that the credit union had been robbed at gunpoint four times and media reports said the CU had lost an employee over the repeated robberies. In the latest incident, the CU reported the branch had been broken into on New Year's Day but nothing stolen and no member records were compromised.
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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
