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The 12,500-member, $70 million North East Alliance FCU has sued CUNA Mutual Group for at least $565,000, alleging in federal court that the insurer has breached its contract with the Bardonia, N.Y., credit union by refusing to cover losses stemming from a record-setting theft by an ATM servicing firm.

The complaint, brought in the U.S. District Court for the Southern District of New York, flows from the case of Mount Vernon Money Center, a now-defunct ATM and cash services firm whose executives were found to have pilfered large sums of money from banks, credit unions and other clients.

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