gavel on money Credit/Shuttersock.

On Tuesday afternoon, three credit union organizations filed a legal brief as a way to support a credit union locked in a potentially troubling fraud case that could have wider implications for the credit union industry.

CUNA, NAFCU and the Virginia Credit Union League (VACUL) jointly filed an amicus brief or “friend of the court” document with the 4th Circuit Court of Appeals in a case involving the Yorktown, Va.-based 1st Advantage Federal Credit Union. The credit union is currently appealing a judge’s ruling that it must pay $1.1 million in compensatory damages and attorneys’ fees due to a lawsuit brought against the credit union by a manufacturing company based in New York.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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 and

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.