Mark Patchak, president/CEO of the $28.6 million Oshkosh Central Credit Union, was one of two employees suspended while the state investigates what it calls "substantial irregularities" at the Wisconsin credit union.
Catherine Tierney, president/CEO of the $2 billion Community First Credit Union in Appleton, Wis., which is temporarily managing Oshkosh Central CU's daily operations, confirmed Patchak is under suspension.
During a routine examination, auditors of Wisconsin's Department of Financial Institutions allegedly found the irregularities involving a substantial amount of money at Oshkosh Central CU, according to George Althoff, DFI's spokesperson in Madison.
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