Recordkeeping-Reporting

• Jackson Area FCU Conserved After Alleged $95 Million CEO Embezzlement Scheme alleged

  NCUA placed Jackson Area FCU into conservatorship and then sued its former CEO and her husband, alleging a decade-long scheme that diverted at least $95 million.

• NCUA orders BSA and recordkeeping fixes at Inter-American Federal Credit Union settled

  NCUA's 2022 consent order required a Brooklyn credit union to fix BSA, OFAC, and reconciliation gaps without admitting the underlying findings; it was liquidated in 2023.