Thank you for sharing!

Your article was successfully shared with the contacts you provided.
NCUA official seal NCUA official seal. (Source: NCUA)

A judge ruled against the NCUA to sue a Louisiana CPA firm in federal court over accounting malpractice allegations involving a $13 million embezzlement case that led to the liquidation of Shreveport Federal Credit Union.

U.S. District Court Judge Terry A. Doughty in Shreveport ordered on July 13 that the case be sent back to a Louisiana state court. The NCUA also was ordered to pay the CPA firm, Heard, McElroy & Vestal (HMV), $7,500 in attorney fees and other costs.

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.