Friday, July 18, 2008

FBI Probes TxDOT Credit Union for Fraud

F.B.I. Involved In Possible Multimillion Dollar Fraud at TxDOT-Wichita Falls Credit Union

Jul 18, 2008

Katie Crosbie
KFDX-TV (Channel 3)
Copyright 2008

KFDX has learned that the F.B.I. is investigating a possible multimillion dollar fraud case at the TxDOT Credit Union in Wichita Falls. We're told that the former president of the TxDOT Credit Union is under investigation and has resigned.

John Buckley, president of the Postel Family Credit Union, is now serving as acting manager of the TxDOT Credit Union. He says the investigation began after an annual state examination.

The credit union serves around 400 TxDOT workers and their families. Buckley says all customers' accounts are federally insured, up to 100 thousand dollars. He says the credit union is continuing with normal operations during the investigation and that the credit union is cooperating fully with the investigation. No charges have been filed in the case yet.

The TxDOT Credit Union has been in Wichita Falls for more than 50 years. We were unable to get any information on this investigation from the F.B.I. office in Dallas.

© 2008, KFDX-TV

To search TTC News Archives click HERE

To view the Trans-Texas Corridor Blog click HERE