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
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
13 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
13 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
20 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
21 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
22 hours ago