Michael A. LaJoice, a former CFO who embezzled more than $18 million from a Michigan credit union, was sentenced to seven to 20 years May 1 by an Oakland County circuit court judge.
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Infographic
Credit Unions Face ‘Love It or Lease It’ Decisions on ATMs
Find out why some credit unions are choosing to give up the titles to their ATMs.
People
The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., hired Gary Petersen as the new contact center manager. Petersen brings to AltaOne significant experience and expertise in areas such as operations management, customer service, planning and compliance.
NCUA Receives $445M From UBS in Settlement
The NCUA has received $445 million from UBS to settle claims in connection with the sale of faulty residential mortgage-backed securities to two corporate credit unions, according to the agency.
New York Credit Unions Appeal Taxi Medallion Ruling
New York credit unions that collectively manage more than $2 billion in taxi medallion loans are appealing a court ruling, which rejected their argument that regulatory treatment of medallion taxicabs violated the equal protection clause under the U.S. Constitution....