Pennsylvania woman makes fraudulent loans on member accounts and forwards statements to conceal the crime.
Sarah Moore was CFO leading up to one of the largest bank failures in U.S. history.
Police officer falsely accused of stealing from another member's account; lost funds the result of a clerical error.
Over the last few months the Credit Union Times has covered five different credit unions at which CEO embezzlement and fraud occurred. These failures of leadership have left in their wake an abundance of angered and disillusioned members.
Spate of embezzling credit union managers points to problems with volunteers' oversight.
Former bank customer Francis Johnson of St. Paul, Minn., has become the 200,000th member to join Wings Financial Credit Union.
More credit unions say they have been finding ways to make Bank Transfer Day work for them.
Nov. 5 has been proclaimed Bank Transfer Day. This public groundswell against Bank of America’s $5 debit fee is a true national movement that aligns well with the credit union mission and credit unions need to hitch themselves to that wagon. Is your credit union prepared?
Credit unions hope the growing consumer anthem of “We’re not gonna take it,” over the latest debit card bank fees, has those consumers primed to make a switch.
Is your credit union prepared for Bank Transfer Day?