Fraud & Risk Strategies

Appeals Court Rejects Recovery Bid In Spectacular CU Failure

NOV 12, 2012 9:58am ET

NEW HAVEN, Conn. – A federal appeals court on Friday rejected a request by members of New London Security FCU to recover $4 million of uninsured deposits from NCUA they lost in the spectacular 2008 failure of the $13 million credit union, which involved the suicide of the credit union’s...

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