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News Now

CU System
Funds missing from Houston Police FCU
HOUSTON (2/1/08)--More than $300,000 may be missing from the Houston Police Department FCU the credit union discovered Tuesday. A branch manager discovered an undetermined amount of missing funds from the credit union’s vault Tuesday while conducting an audit, police said (Khou.com Jan. 30). Although neither the credit union nor police would say how much money was missing, sources said it was more than $300,000, according to KHOU. The Houston Police Department scheduled polygraph tests at the credit union Tuesday, KHOU said. Houston Police FCU has more than 25,000 members--mostly police, civilian employees of the police force and their families. The credit union has about $300 million in assets.


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