With the former CEO's permission, he withdrew more than $500,000 from his BFCU accounts without depositing sufficient money into those accounts to cover the withdrawals.
Later, Karen Miller-Brenner, an NCUA liquidation analyst in Austin, contacted Roman informing him all of his accounts at BFCU were empty and reiterated he needed to repay the $19,125, according to the lawsuit.
Pete helped BFCU survive its most trying times, from the decline and sale of its sole sponsor, Grumman Aerospace Corporation, to the recent challenge to credit unions' right to exist and the passage of H.
Seitz joined BFCU in 1972, and became the credit union's general manager in 1975.
Rapid membership growth drove BFCU in its search for a technology upgrade.
Along with a new core system, BFCU implemented Open Solutions' Financial Accounting Systems for general ledger, accounts payable and fixed assets; the Mortgage Loan Origination System; and the interactive voice response (IVR) system.
By gaining an understanding of their member's financial needs, BFCU anticipates becoming more competitive with other mega banks in the area.
Despite other vendor's claims that their systems were open, BFCU found that Open Solutions' TCCUS was truly open.