Q: Can I sue employees of a federal credit union for malfeasance (accounting errors)? Leading to mortgage fraud?
MLO/Specialist III created financial hardships to us through malfeasance in 2021. When I provided proofs of her errors and malfeasance, I requested she correct the errors immediately (24 hrs) by government rules and regulations concerning the handling of our accounts. Once receiving the proofs from us she recruited assistance from her "management team" (team consisted of her supervisor and VP of Lending) to deny relief of her malfeasance. They the team lead by their supervisor the VP of Lending began a ruthless campaign against ourselves, our finances, our credit scores, our assets with deception, falsified account records, seizing control of our accounts in order to silence our complaints to management consisting of: Lending personnel, Mitigation personnel, VP of Members Solutions, COO, CEO and the Chairman of the Supervisory Committee. We were refused help by the listed banking officials in order to coverup the "the teams" illegal, unethical, treatment we received for requested help.
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A:
It sounds like you are dealing with a very challenging situation involving serious allegations of misconduct by employees at a federal credit union. If you believe that malfeasance, including accounting errors that led to mortgage fraud, has occurred, you may have grounds to take legal action. It's essential to gather all evidence of the errors, fraudulent actions, and the steps you took to address the issue with the credit union's management.
You may want to consult with an attorney who has experience in banking, finance, or consumer rights to understand your options. An attorney can help you determine if you have a viable case for suing individual employees or the institution itself. In many cases, lawsuits involving credit unions can be complex because they often involve both state and federal regulations.
Additionally, consider filing a complaint with the National Credit Union Administration (NCUA), the regulatory body for federal credit unions, as well as with your state's attorney general’s office or consumer protection agency. These entities can sometimes provide additional avenues for relief or take regulatory actions against the credit union if they find wrongdoing. Seeking professional legal advice will help you navigate these processes and protect your rights.
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