Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Brokerage CUSO COO charged in 2.5 million embezzlement
RYE, N.Y. (1/13/09)--The former chief operating officer of Affina Brokerage Services has been charged with first-degree larceny. Affina Brokerage Services is a subsidiary of Rye, N.Y.-based USAlliance FCU. John Walsh, 53, is accused of embezzling $2.5 million from Affina. Police say he transferred stock from Affina into his own accounts and sold it for profit. He also used fake stock positions as loan collateral (LoHud.com Jan. 8). Walsh surrendered to police Jan. 7. He will go to court Jan. 27. USAlliance FCU has $680 million in assets.


RSS print
News Now LiveWire
Consumer confidence hits 7-year high #Market #NewsNow http://t.co/s7DGIGLZb3
17 hours ago
Still time 2 register 4 @TheNCUA Nov. 19 webinar, “Building a Loan Portfolio: Four Keys to Lending,” hosted by OSCUI. http://t.co/ezTFpnhHlP
17 hours ago
BREAKING: QE in rearview mirror, rate hike miles off: @federalreserve http://t.co/l8y32TZs6w #BREAKING
18 hours ago
.@federalreserve: cmte decides to conclude asset purchase program this month http://t.co/eNjjYbSpc4
18 hours ago
Lake Trust #creditunion (re)invests with The Block in Lansing #NewsNow #System http://t.co/mSQftnBIgA
20 hours ago