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NCUA Charges 'Dishonesty' & 'Unfitness to Serve' Against Former CU CEO

The NCUA files numerous administrative charges against former Melrose CU CEO Alan S. Kaufman and demands millions in restitution.

Lobby of the NCUA.

The former CEO of New York’s Melrose Credit Union leveraged his position to brazenly obtain everything from a rent-free home, trips abroad to even limousine service for his relatives, the NCUA charged Tuesday.

The NCUA, in filing the administrative charges against Alan S. Kaufman, provides a litany of allegations against the former executive, who was removed from his positions at the credit union in 2016.

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David Baumann

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