New York Seizes State's Oldest Credit Union After Ex-ceo's Embezzlement Plea

Reuters: U.S., Reuters: Nation
Fri, 05/17/2019 - 2:10pm

New York's top financial regulator on Friday seized the state's oldest credit union, Municipal Credit Union, saying it suffered from "unsafe and unsound" conditions after its former chief executive pleaded guilty to embezzlement.

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Topics: york municipal credit union embezzlement plea state's oldest credit union

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