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Shelley M. Holden, president/CEO of the $61 million Tewksbury Federal Credit Union, was placed on administrative leave after the board of directors in early December became aware of irregularities in several accounts including those held by Holden and her personal acquaintances, according to a statement from the board of the Tewksbury-Mass.-based credit union.

The board hired an accounting and auditing firm to investigate these irregularities. By mid-December, the credit union was contacted by the NCUA, which received a complaint about these same irregularities, according to a TFCU board statement.

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Peter Strozniak


Credit Union Times

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