U.S. Department of Treasury building in Washington, D.C. U.S. Department of Treasury building in Washington, D.C. (Source: Shutterstock)

The federal government wants OnPath Federal Credit Union to pay back more than $12 million it received from the Community Development Financial Institutions program that supported the credit union’s mission to serve low-income members, many of whom lost their homes, businesses, cars and livelihoods following Hurricane Katrina.

An audit by the Office of Inspector General for the U.S. Department of Treasury claimed OnPath’s former executives allegedly submitted invalid information when they applied for federal funds. In addition to recommending OnPath repay millions of dollars, the OIG also recommended the suspension or revocation of the credit union’s CDFI certification.

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