Tuesday, June 7, 2011
Borinquen FCU Under a Cease & Desist Order
Borinquen FCU was hit with a cease and desist order (C&D) by NCUA.
The order cites the credit unions as having serious and persistent record keeping problems and that it failed to obtain or perform an annual audit.
The order also cites the credit union for non-compliance with the Bank Secrecy Act.
To read the order, go here.
The order cites the credit unions as having serious and persistent record keeping problems and that it failed to obtain or perform an annual audit.
The order also cites the credit union for non-compliance with the Bank Secrecy Act.
To read the order, go here.
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