Fraud & Enforcement

The news about Chad Bridges, who served at Mississippi's Insurance Department, comes on the heels of the NCUA's $95M fraud lawsuit against him and wife Leigh.

The agency's lawsuit links luxury items, designer handbags and a remodeled home featured in a lifestyle magazine to alleged misappropriation at JAFCU.

Sworn testimony in the NCUA's lawsuit reveals CEO Leigh Bridges initially denied knowledge of a $95 million shortfall before admitting she transferred funds to support years of luxury spending.

The agency alleges years of falsified records, fake deposit entries and concealed losses led to one of the most significant fraud investigations in decades.

State regulators bar a former Idaho Central Credit Union employee after she pleaded guilty to stealing from one of the credit union's branches.

Alan Kaufman may be the only credit union executive who has been banned twice by the federal agency.