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Kings County Judge Sylvia Ash would up her bond to $750,000 and find an additional co-signor to secure the amount, according to the agreement.
According to the NCUA's Call Reports, the credit union's net worth has plummeted from 8.26% to 3.87%.
Two NY judges will remain off the bench, but still be paid for their positions, after the state's highest court voted to approve their suspensions.
Court documents also reveal former CEO Kam Wong traded NY Yankees tickets for opiate drugs supplied by former supervisory committee member.
MCU supervisory committee member, a retired New York City cop, is accused of embezzlement, fraud and supplying the former CEO with drugs.
The NCUA rates the credit union "significantly undercapitalized" in its second quarter report.
Expert Casey Boggs shares five tips for handling the media and public backlash.
If I'd been in MCU's employees' shoes, I would have asked for the maximum sentence for Wong. Would you?
Bail for the former Municipal Credit Union CEO is increased from $1 million to $5 million.
The former MCU CEO has been ordered to pay restitution of $9.8 million, which he stole to live a lavish lifestyle.