Embezzlement of about $10 million – and the pursuit of “sinful things” – led to the downfall of the tiny Shiloh of Alexandria FCU and its manager, according to a civil complaint filed this week by the NCUA, which is seeking to recover losses to the share insurance fund caused by the failed credit union.

The late John C. DuPree Jr., a volunteer who served as sole manager for the $2.4 million institution in Alexandria, Va., died at the age of 48 on April 4, 2013 – just one day before the NCUA was set to inspect the credit union’s records, but he left a note on his computer, confessing that he had stolen money for several years to pay for “sinful things,” said a complaint filed in the U.S. District Court for the Eastern District of Virginia.

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?


© 2023 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.


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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.