Peter Strozniak

Cleveland

Credit Union Times reporter covering marketing, human resources, fraud, mergers & acquisitions, state leagues, business continuity, and breaking news.

Featured in: Favicon

cutimes.com Favicon

law.com

thinkadvisor.com Favicon

benefitspro.com Favicon

propertycasualty360.com Favicon

cuinsight.com Favicon

healsecurity.com Favicon

carsoncitycurrent.com Favicon

nationworldnews.com

Articles

Federal Judge Schedules Hearing in Lawsuit Challenging NCUA Board Removals

1 week ago | cutimes.com | Michael Ogden |Peter Strozniak

court-judicial-bench A federal judge has scheduled a key hearing in the lawsuit brought by Todd Harper and Tanya Otsuka, the former board members of the NCUA, who were removed from their positions by President Donald Trump in April. Judge Amir H.
Connexus Credit Union Silent on Report of Dozens of Layoffs

1 week ago | cutimes.com | Peter Strozniak

“We can confirm that any recent data reported by Wausau Pilot & Review was not provided nor verified by Connexus Credit Union,” Connexus Spokesperson Laura Huggins said Wednesday. What’s more, an employee lay office notice from the credit union has not been posted on Wisconsin’s Department of Workforce Development website. Companies are required by law to submit a Worker Adjustment and Retraining Notification (WARN) notice with their state workforce agencies.
Hackers Hit Credit Unions in New York & California

1 week ago | cutimes.com | Peter Strozniak

Credit unions in New York, California, and Massachusetts reported data breaches that exposed the personal information of more than 26,000 members. The $95.3 million Good Neighbors Federal Credit Union (GNFCU) in Depew, N.Y., notified members on May 1 that hackers breached its computer system, affecting 18,621 individuals. The $158 million South Bay Credit Union (SBCU) in Redondo Beach, Calif., reported to members a breach of its IT network on May 13, affecting 7,479 individuals.
Multi-Million Auto Loan Fraud Scheme Hits Michigan Credit Unions & Banks

2 weeks ago | cutimes.com | Peter Strozniak

The criminal complaint filed in U.S. District Court in Bay City alleged George Janssen Jr. and his business Bay Auto Brokers, also based in Bay City, had deposited checks, valued at roughly $1.4 million, and were later returned because of insufficient funds. In the meantime, COPOCO issued $1,343,285 in valid checks to Janssen that were deposited in the Bay Auto Brokers business account at Independent Bank based in Grand Rapids.
Five Lawsuits Target Neighbors Credit Union Over Data Breach

2 weeks ago | cutimes.com | Peter Strozniak

The credit union said it launched an internal investigation, notified law enforcement and worked to secure the computer network. Neighbors CU also hired a forensic security firm. The investigation determined an unknown and unauthorized third party accessed the credit union’s computer system between Sept. 20 and Sept. 21, 2024, and acquired certain files. However, it was not until Jan.
NCUA Grants New Charter for African Diaspora Federal Credit Union

2 weeks ago | cutimes.com | Peter Strozniak

The African Diaspora Federal Credit Union in St. Louis, has been granted a federal charter and share insurance fund coverage, the NCUA said Monday. The African Diaspora Federal Credit Union (ADFCU) will serve members of the African Diaspora Council Inc. The non-profit’s mission is to empower all people of African descent to thrive through connection, counsel, and culture, which includes promoting community self-help, financial and wealth-management education.
Federal, State Police Warn of Rising Trend of ‘Bank Jugging,’ Targeting Credit Unions & Banks

3 weeks ago | cutimes.com | Peter Strozniak

Credit unions often issue warnings to help members avoid fraud, and now federal and state investigators are spotlighting a rising violent trend known as “bank jugging” that could threaten the safety of members and bank customers alike when they leave their branches. Last week, Maryland Attorney General Anthony G. Brown announced the arrest of seven individuals allegedly tied to two criminal organizations involved in bank jugging incidents.
Video Shows Suspects Celebrating After Michigan Credit Union ATM Theft

3 weeks ago | cutimes.com | Peter Strozniak

FBI investigators are searching for suspects who stole ATM vaults from the $327 million United Financial Credit Union in Saginaw Mich., using crowbars, a large gold chain, and a heavy-duty pickup truck, making off with nearly $90,000, according to a federal court affidavit filed Monday. According to investigators, at 3 a.m. on May 12, 2024, a tan Ford F-250 approached the credit union’s ATM on Weiss Street.
Ezra Eckhardt Exits as CEO of Spokane Teachers Credit Union

3 weeks ago | cutimes.com | Peter Strozniak

Ezra Eckhardt, who served as president/CEO of Spokane Teachers Credit Union in Liberty Lake, Wash., left his post, according to a local media report. On Tuesday, The Spokesman-Review in Spokane reported the Spokane Teachers Credit Union (STCU) issued a news release that Eckhardt “is no longer with STCU. Ezra intends to pursue other endeavors.” The news release was not posted on the credit union’s website.
ATM Solutions Inc. Countersues Ohio’s Largest Credit Union for $29 Million

3 weeks ago | cutimes.com | Peter Strozniak

On March 7, Wright-Patt sued ATM Solutions in Greene County Common Pleas Court in Xenia, Ohio, alleging nonpayment and claiming ATM Solutions ignored communications. The company acknowledged missing payments but denied ignoring the credit union. Alongside its complaint, Wright-Patt filed an emergency ex parte, no-bond motion for prejudgment attachment, supported by affidavits from Chief Financial Officer Daniel G. Smith and attorney Peter Georgiton.