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Fraud At Closed St. Paul Croatian FCU Could Cost NCUSIF $170 Million

Thursday, October 14, 2010 - 1:37 PM
From the Credit Union National Association:
The National Credit Union Administration (NCUA) Office of Inspector General (OIG) revealed today that St. Paul Croatian FCU was catapulted into a liquidation by fraudulent loans, some allegedly masked by the credit union's CEO.

The NCUA liquidated St. Paul Croatian FCU on May 1st, 2010. That came only one week after it had placed the credit union in conservatorship.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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