St. Francis Campus Credit Union under investigation

FBI, Department of Commerce, National Credit Union Administration and LFPD working together

By Terry LehrkeNews Editor

St. Francis Campus Credit Union (SFCCU) in Little Falls is under investigation by the Federal Bureau of Investigation (FBI), the Minnesota Department of Commerce, the National Credit Union Administration and the Little Falls Police Department.

Since the investigation is currently active, no details are being released as to its reason.

No arrests were made when the investigation started Jan. 23, said Kyle Loven with the FBI.

“As far as any details, I simply can’t get into those because it is an active investigation,” said Loven.

SFCCU remains open for business during what SFCCU Board Chair Gloria Lust called “an extensive review.”

Lust said every five years the credit union undergoes an extensive review. “It’s not an unusual occurrence,” she said.

Loven said there was no timetable for the length of the investigation.

“We will follow the facts and wherever the facts lead us, that’s where the investigation will go,” he said. “We simply aren’t able to put a definite time period on that.

“This matter was brought to our attention and we’re going to proceed in a logical fashion,” said Loven. “It will be a thorough investigation when it has been concluded.”

Little Falls Police Chief Greg Schirmers said information his department receives from citizens is sent to the appropriate agency when needed. He indicated that not only were no arrests made, but no one was walked out of the building at any time by law enforcement. His department will continue to aid as needed in the investigation.

Lust said depositors’ money is safe and is guaranteed up to $250,000. “So nobody has to panic,” she said.

 

 

  • robin hensel

    It’s been a year and a half and no word as to the results of this investigation. I wonder what’s up with that. You don’t suppose a deal has been cut with the guilty employees do you? Do you think there might be a reason that there have been so many caught recently in embezzlement, drugs, prostitution, theft and other crimes within 75 miles of the St. Francis Credit Union? Do you think the guilty employees copped a plea deal if they talked? Come on community, connect the dots.

    • tmac

      Connect the dots? I see no dots, so maybe you should connect them for all of us that do not understand your train of thought on this.

      • robin hensel

        all in good time, tmac, all in good time. Meantime, do some research. See how committee members constantly resign, and how many people are being caught in stings of one type or another within a 75 mile radius. Is somebody talking(blowing the whistle on others). Maybe.

      • robin hensel

        tmac..take off your blinders.

        • tmac

          Blinders? I don,t think so.
          Sometimes I think you are wearing one of those tin foil hats though.

          • robin hensel

            Keep thinkin that tmac.

          • tmac

            Thank you, I will.

          • robin hensel

            Time to ramp up your research tmac…might wanna check out the most important blog this city offers….like right about now.

          • tmac

            Which blog would that be?

          • robin hensel

            The one listed on my advertising bench on city hall right of way. The one that Judge Kyle ruled that by denying my original rental request, city violated my right to free speech.

      • robin hensel

        have you connected the dots yet tmac?