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Former Credit Union Manager Sentenced for Defrauding Elderly Members

By Peter Strozniak

Teresa Palmer will serve three years in prison for crimes committed while working at Centra Credit Union in Indiana.

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Credit Unions Launch Month-Long Campaign to Combat Growing Check Fraud

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Trump Administration, Former NCUA Board Members Clash Over Appeal Schedule

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August 03, 2026

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Cornerstone Report Finds Businesses Open to Switching Banking Providers

Survey finds 48% are at least somewhat likely to switch their primary banking provider, presenting an opportunity for credit unions.

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August 03, 2026

TruStage Targets Mid-August Recovery as Cyberattack Lawsuits Continue to Grow

President/CEO Terrance Williams says the company is rebuilding systems from the ground up while forensic investigation into potential data exposure continues.

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July 31, 2026

Westerra Welcomes the School Year With New Financial Programs for Educators

New initiatives include a high-yield savings account, homeownership assistance and a financial literacy curriculum.

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July 31, 2026

PRO

NCUA Reports More Losses at Jackson Area FCU

Conserved Mississippi credit union loses $11 million in the second quarter on top of a $91 million first-quarter loss.

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July 31, 2026

NCUA Bans Former Educators Credit Union Employee After $43,000 Fraud

Thirty-two-year-old Jordan L. McCarthy is serving a sentence of one year in jail and eight years of probation.

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July 31, 2026

League of Credit Unions Pursues Another Major Expansion With Proposed MD|DC Merger

Potential combination would create a 458-credit union organization with $528.4 billion in assets, less than two years after the League expanded into Virginia.

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Top News Stories

Former Credit Union Manager Sentenced for Defrauding Elderly Members

Credit Unions Launch Month-Long Campaign to Combat Growing Check Fraud

Trump Administration, Former NCUA Board Members Clash Over Appeal Schedule

Recommended Just For You

News Stories

Top 10 Credit Unions Post Strong Q2 Earnings Despite Higher Credit Loss Provisions

Cornerstone Report Finds Businesses Open to Switching Banking Providers

TruStage Targets Mid-August Recovery as Cyberattack Lawsuits Continue to Grow

Westerra Welcomes the School Year With New Financial Programs for Educators

NCUA Reports More Losses at Jackson Area FCU

NCUA Bans Former Educators Credit Union Employee After $43,000 Fraud

League of Credit Unions Pursues Another Major Expansion With Proposed MD|DC Merger