Lynchburg Police Investigating 'Criminal Activity' at Lynrocten - WSET.com - ABC13

Lynchburg Police Investigating 'Criminal Activity' at Lynrocten Federal Credit Union

Posted:

Update 5 p.m.:

Lynchburg, VA - Lynchburg Police are in the middle of investigating a federal credit union in town, and even the FBI is aware of a situation there. 

Lynrocten Credit Union members say loans have been taken out in their names without their knowledge.

Lynchburg Police are staying tight-lipped, but here's what we do know: Police got a complaint last Thursday about the federal credit union and launched their investigation. Credit Union members tell us the credit union is saying they owe thousands and thousands of dollars on loans they never took out.

Wednesday, Members of the Lynrocten Federal Credit Union line up outside the office door. Many have questions about their money. Take Linda Yuille, for instance.

"It's a big surprise. I'm shocked. I'm just really shocked," said Yuille.

Her question's simple: Where's my money?

"My husband came down last week to get some money out of his savings account. And they told him had a balance of $19. And he knew it was supposed to be way more than that," said Yuille.

That's not all. Yuille says there was only $50 in her savings. Plus a $7,000 loan in her name  she knew nothing about.

"I'm very disappointed because I trusted those people," said Yuille.

Retired, James Almond's been a member at this credit union since the get-go.

"What are people saying about these loans?" we asked James Almond. "Some of them are saying they owe thousands and thousands of dollars. And I know good and well they don't owe thousands of dollars," said Almond.

The National Credit Union Administration, NCAU, is like the FDIC of credit unions. They insure and supervise the Lynrocten credit union, and had this to tell ABC 13 about the allegations: "Lynrocten Credit Union is conducting normal business. And members' accounts continue to be insured by NCUA TO $250,000."

Insurance aside, many who come and go at Lynrocten say they're on edge. But one person is staying upbeat.

"I'm staying positive, and I think everyone's going to be reimbursed. It's just going to take a little while. That's all," said Yuille.

As police are in the middle of their investigation, Lynrocten is keeping its doors open. If you have any information, call Lynchburg police at 434-455-6054.

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Lynchburg, VA – The Lynchburg Police Department is investigating "criminal activity" that happened at the Lynrocten Federal Credit Union in Lynchburg.

Police say the investigation began on April 25 after the institution contacted officials.

Detectives with the Criminal Investigations Division are working with the credit union.

Anyone with information regarding this crime or the identity of the suspect is asked to contact the Lynchburg Police Department Criminal Investigations Division at 434-455-6054 or call Crime Stoppers at 1-888-798-5900.

You can also visit the Central Virginia Crime Stoppers website to enter a web tip, or text "CVCS" plus your message" to 274637.

 

 

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