NEWARK, N.J.-Among the credit unions victimized by the fraud and the amount of claims they filed with the bankruptcy court: Suffolk FCU, $33.8 million; Picatinny FCU, $15 million; Proponent FCU, $21.6 million; Sperry Associates FCU, $9.2 million; Treasury Department FCU, $8.7 million; Novartis FCU, $3.1 million; Educational Systems FCU, $3.1 million; County Educators FCU, $2.8 million; Energy FCU, $2.6 million; Rutgers FCU, $2.2 million; Piedmont Aviation FCU, $2.1 million; Pinnacle FCU, $1.8 million; Velocity County FCU, $1.5 million; TCT FCU, $1 million; Lassen County FCU, $832,000; JM Associates FCU, $502,000; Miami Firefighters FCU, $490,000; First Florida CU, $448,000 and Newark Board of Education Employees CU, $440,000.
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The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
1h ago -
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
3h ago -
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
4h ago -
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
4h ago -
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
5h ago -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
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