NCUA Bans Five Former CU Employees

Five former credit unions employees, including two CEOS, convicted of embezzlement were banned from participating in the affairs of any federally insured financial institution, the NCUA said Friday. Theodore J. Longust, a former business relationship manager, was...

Chipotle & Auto Lending: Data Breach Impacts for CUs

Recent revelations show cybersecurity issues continue to plague financial institutions, businesses and consumers with the biggest potential breach possibly affecting some 550,000 to one million California auto loan company customers. Kromtech Security Researchers...

Longtime CU Employee Pleads Guilty to Embezzlement

A 62-year-old Missouri woman, who worked for nearly three decades at the $30.1 million Shelter Insurance Federal Credit Union, pleaded guilty Thursday to embezzling more than $230,000 in U.S. District Court. Debra L. Wenger of Columbia, Mo., worked as a teller and...