Related-Party

• Former CEO of merged Indiana credit union sentenced for fabricating board approval on insider loans adjudicated

  A federal court found that a former credit union CEO submitted fraudulent loan applications to himself and falsely claimed the board of directors had approved them.

• 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.