The FBI in Minneapolis is investigating the $51 million St.Francis Campus Employees Credit Union in Little Falls, Minn., whichstate regulators on Feb. 14 closed and appointed the NCUA asreceiver and liquidating agent.
“We received indication that there were some irregularities atthe credit union,” said Kyle A. Loven, chief division counsel forthe FBI office in Minneapolis. “The FBI along with the Little FallsPolice Department looked into the matter and an investigation wasopened thereafter. The NCUA is involved as well.”
The FBI investigation was launched Jan. 23, said Loven.
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