The OIG determines the loss accumulated over 26 years because of financial statement fraud perpetrated by the former CFO, but not for his personal gain.

Credit union operations are being affected by intermittent power outages, evacuations and emergency alerts.

The scheme’s alleged ringleader, Kevon Northover, is charged and ordered to be held in custody without bail.

Members voted on nine consolidations from Dec. 23 to Dec. 31, up from seven last year, six in 2022 and 2021, and five in 2020.

Darrick Weeks steps into the corner office for Bob Falk, who is retiring after 22 years of service.

Eric Stegall takes over the leadership helm for the retiring Linda Lukaszewski after 43 years of service.

IFS founder Rebecca Schmidt joins the technology CUSO as its chief financial officer.

This consolidation comes just six months after members of Encurage Financial Network Credit Union, also in Chicago, agreed to pair up with GLCU.