NCUA files notice of charges against former Melrose CU CEO

25542495_1752115101518706_2887136597949032630_oNCUA has filed administrative charges against Alan S. Kaufman, former CEO, treasurer and board member of Melrose CU. Utilizing an infrequently used authority, the agency alleges Kaufman breached his fiduciary duties by placing his own interests above those of the credit union; engaged in unsafe or unsound practices; and violated applicable laws and regulations.

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