Feds File New Indictment in $3 Million Fraud That Targeted CU Shared Branching Network

The new court filing says 14 persons were involved in the nationwide conspiracy that used fake IDs to steal money from credit unions and banks.

By Peter Strozniak | October 22, 2024 at 03:42 PM

Federal prosecutors filed a superseding indictment against two leaders and six other persons who were allegedly involved in a $3 million fraud conspiracy that targeted credit unions in the shared branch network.

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Fraud & Enforcement

1 Chartway Expands in Virginia & Utah as Part of $25 Million Investment

2 Florida Insurance Broker Orchestrates $6 Million Scheme to Defraud Peach State FCU

3 Central Liquidity Facility Budget Approved by NCUA Board

4 CFPB Finalizes Rule to Oversee Digital Payments Apps

5 Alabama ONE Appoints 6 Executive Leaders

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CFPB Finalizes Rule to Oversee Digital Payments Apps

By Michael Ogden | November 21, 2024

The new rule allows the CFPB to supervise nonbank companies handling more than 50 million transactions per year.

CFPB Finalizes Rule to Oversee Digital Payments Apps

Arizona Solar Panel Contractor Allegedly Defrauds Credit Unions & Homeowners

By Peter Strozniak | November 20, 2024

Daniel Ridlinghafer is accused of stealing more than $690,000 from Tucson Old Pueblo CU, Nuvision CU and 25 individuals.

Arizona Solar Panel Contractor Allegedly Defrauds Credit Unions & Homeowners

Bethpage FCU to Become FourLeaf FCU in Early 2025

By Natasha Chilingerian | November 20, 2024

The nation’s 15th largest credit union says the new name represents growth, prosperity and abundance.

Consumers' Financial Health and Spending Priorities Guide Credit Card Choices link

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