Rhoda Pohina, a former assistant manager, was sentenced to four years in prison Wednesday for stealing more than $170,000 from the $14.3 million Harrison District No. 2 Federal Credit Union in Colorado Springs, according to the 4th Judicial District Attorney's office....
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?
Ex-CEO’s Employment Discrimination Lawsuit Dismissed
A U.S. District Court Judge in New York dismissed an employment discrimination lawsuit Tuesday brought by a former CEO who claimed a credit union allegedly didn’t hire him because he had Crohn’s disease. Sean Jelen claimed in his civil lawsuit that the...
Power Outages, Lack of ACH Access & Cash Still Hampering Storm Recovery
More than 80 of Puerto Rico’s island chartered and insured credit unions—known as cooperativas—are now operating during reduced hours in order to conserve fuel for their generators, José Julián Ramírez Ruiz, executive director of...
Equifax Remedies `Can’t Fix Stupid,’ Congressman Tells Ex-CEO
Legislation to avert future data breaches like the one at Equifax Inc. will fall short because none can fully prevent human error, a U.S. congressman told the company’s former top executive. “You can’t fix stupid,” Representative Greg Walden,...
NCUA Bans Two Tellers
The NCUA last week banned two tellers, one who helped plan two robberies of a Texas credit union and another who stole money from accounts of elderly members at a credit union in Virginia. Desire Valverde, 23, a former teller of the $254 million Education Credit Union...
Shreveport Federal Credit Union Liquidated
The NCUA on Monday liquidated the Shreveport Federal Credit Union in Louisiana. The Red River Employees Federal Credit Union of Texarkana, Texas immediately assumed the credit union’s membership, and most shares, loans and other assets. Red River serves 84,093...