Manager At Plainwell Community FCU Charged In $376,000 Loan Scheme

Published October 15, 2008, 7:45 p.m. EDT

Updated August 27, 2020, 1:00 a.m. EDT

1 Min Read

PLAINWELL, Mich. – The former general manager of Plainwell Community FCU was indicted yesterday on federal charges of bank fraud, embezzlement and money laundering for a phony loan scheme he allegedly used to siphon funds from the credit union.

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Ronald Tran, 45, was charged with defrauding the credit union of $376,500 between 2000 and 2004 by, among other things, taking out loans in a member’s name and using the funds.

Tran also is accused of embezzling $91,250 from the credit union between April 2001 and December 2003.

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