Feds Allege Men Used NY CU to Funnel $1 Billion in High-Risk Transactions

Lawyer says the allegations are not accurate and baseless.

By Peter Strozniak | April 21, 2021 at 04:51 PM

Federal prosecutors have alleged two men used New York State Employees Federal Credit Union to funnel more than $1 billion in high-risk transactions without any anti-money laundering controls.

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Fraud & Enforcement

1 Coastal & Truliant Credit Unions Join Auto Forces

2 Minimum Wage Workers Find It Harder to Meet Rent

3 Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

4 CLF & FOM Expansion Bills Introduced

5 Driving Loyalty Forward: Car Rentals in the New Era of Credit Union Rewards

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CLF & FOM Expansion Bills Introduced

By Michael Ogden | December 20, 2024

The credit union industry, for the most part, supports these efforts to encourage CU growth.

Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

By Peter Strozniak | December 20, 2024

Roberta Kozlowicz will become CEO at DuPage CU in January, succeeding Diane Shelton, who will retire at the end of year after 40 years of service.

Credit Unions in Illinois, Washington, Indiana & Minnesota Appoint New CEOS

Coastal & Truliant Credit Unions Join Auto Forces

By Jim DuPlessis | December 20, 2024

N.C. credit unions form CUSO to sell cars with Winston-Salem car dealership with ties to other credit unions.

Coastal & Truliant Credit Unions Join Auto Forces

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