Former Credit Union CEO Sentenced for Slew of Felony Charges

Judge orders Tina Louis Torres to pay $355,522 in restitution to Valley Agricultural Federal Credit Union.

By Peter Strozniak | April 05, 2024 at 04:00 PM

Typical modern prison bars. Symbolic illustrative background for crime news.

Ventura County Court Judge David Hirch sentenced Tina Louis Torres, 55, of Santa Paula, Calif., on Wednesday to 365 days in jail for embezzling more than $350,000 from a California credit union when she was its CEO.

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Fraud & Enforcement

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2 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

3 Man Pleads Guilty in Credit Union Fraud Ring Conspiracy

4 Boomers Are Not Enough: How to Attract Younger Consumers

5 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

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CU on a Mission to Make Housing Affordable

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

CU on a Mission to Make Housing Affordable

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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