Roberts, Ed
July 2011
Credit Union Journal;7/11/2011, Vol. 15 Issue 26, p17
Trade Publication
The article offers information on various lawsuits against U.S. credit unions as of July 2011. It says that several U.S. Central Federal Credit Union (FCU) top officials including Credit Union National Association (CUNA) president Bill Cheney, Francis Lee, and Joseph Herbst will be questioned on their alleged involvement on the permanent capital conversion of the 450 million-dollar temporary capital in 2008. Furthermore, TCF Financial Corp. dismissed its lawsuit against the U.S. Federal Reserve.


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