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The bogus checks were deposited in an OCFCU bank account at a local bank that the credit union's official checks were drawn upon.
High dependence on donor-funded projects: With the exception of OCFCU in Ethiopia, the apex farmer organisations are significantly dependent on donor-funded projects, which affected the application of the innovation triangle approach, which was business-oriented, and prevented it achieving its full potential.
On June 28, 2013, the NCUA liquidated the $9.25 million OCFCU stating in a release it had determined the credit union was insolvent and had no prospect for restoring viable operations.
In 1999, the Oromia Coffee Farmers Cooperative Union (OCFCU) was established to link 35 cooperatives, representing 23,000 members.
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- OCF Ratio