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Couple sues conserved Ky. credit union

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Couple sues conserved Ky. credit union

Conserved Louisville Metro Police Officers CU is facing a class-action lawsuit filed by police officer George Campos and his wife Heather Campos earlier in March, the Credit Union Times reported March 26.

Josephine Crowe, the credit union's vice president, was allegedly responsible for improper allocation and appropriation of funds, the report said, citing the lawsuit.

The suit alleged that specifically, Crowe "set up fictitious loans in members' names; diverted members' electronic transfers to accounts she controlled; failed to pay off loans; and engaged in other improprieties, improper allocations and misappropriations." It alleged that 28 loans that George Campos and Heather Campos did not authorize were taken out in their names, the report said. The lawsuit also accused the credit union of failing to adequately supervise Crowe, the report added.

The National Credit Union Administration, which placed the credit union into conservatorship in December 2017, declined to comment on the lawsuit, according to the Credit Union Times. The publication also sought but did not get a comment from Crowe and her lawyer.

The Louisville, Ky.-based credit union said Crowe was suspended, according to the report. A lawyer who is representing the couple does not know whether Crowe was terminated, the Credit Union Times added.