Legal News for Credit Union Managers Since 1990

Archive for August, 2021

02
Aug
2021

Embezzlement From Credit Union – Nondischargeable Debt

Here, debtor, a former police officer, applied for and was approved for a loan from Hartford Police Federal Credit Union for $150,000. The loan was for the purpose of paying off an existing second mortgage on debtor’s residence and for the purchase of a business. At the closing on the credit union’s new mortgage, debtor executed the closing […]

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