Montana Credit Union Caught in Alleged Property Theft
Submitted by MAGA
Posted 2 hours ago
**Predatory Practices Exposed: Montana's Largest Credit Union Under Fire for Alleged Property Theft**
In a shocking revelation that raises serious questions about integrity in the financial sector, Whitefish Credit Union (WCU) is facing allegations of criminality and fraud following a lengthy legal battle with a Montana businessman.
The ongoing saga has uncovered a troubling pattern of behavior by WCU, which claims the title of the Montana’s largest credit union with over 60,000 members and $2 billion in assets.
Recent evidence presented in Federal Bankruptcy Court outlines a deceptive series of actions taken by WCU’s leadership, specifically CEO James Kenyon, in their attempts to seize property from Thorco, Inc., a local business that had been wronged during a loan servicing dispute.
The trouble began when Thorco, Inc. claimed that WCU was unlawfully attempting to obtain a $50 million piece of property in Somers, Montana, which the credit union had previously approved a loan against back in 2009.
Despite the ruling from the Montana Bank Oversight Committee stating that Thorco owed no judgment on the property, WCU seems unwilling to accept the outcome.
Testimony from public officials revealed that under normal circumstances, the disputed ownership of the property should have been settled in Thorco’s favor.
Yet, in a bizarre turn of events, CEO Kenyon filed a “Corrected Release of Mortgage” which not only falsified public records but allegedly committed multiple felonies, including property theft.
These findings are alarming for consumers who rely on credit unions to safeguard their interests.
Rather than adhering to legal guidelines designed to protect property rights, WCU's leadership appears to have engaged in brazen and unethical conduct, raising serious concerns about their trustworthiness.
Allegations against WCU reflect broader issues within financial institutions nationwide, underscoring the importance of transparency and accountability.
As this situation unfolds, it serves as a stark reminder for consumers to carefully scrutinize the financial entities they choose to trust.
Stay tuned for more updates as this story develops, bearing direct implications for Montana's financial landscape and the rights of property owners across the state.
Sources:
cbsnews.com
infowars.com
valleybroadcastnetwork.com
In a shocking revelation that raises serious questions about integrity in the financial sector, Whitefish Credit Union (WCU) is facing allegations of criminality and fraud following a lengthy legal battle with a Montana businessman.
The ongoing saga has uncovered a troubling pattern of behavior by WCU, which claims the title of the Montana’s largest credit union with over 60,000 members and $2 billion in assets.
Recent evidence presented in Federal Bankruptcy Court outlines a deceptive series of actions taken by WCU’s leadership, specifically CEO James Kenyon, in their attempts to seize property from Thorco, Inc., a local business that had been wronged during a loan servicing dispute.
The trouble began when Thorco, Inc. claimed that WCU was unlawfully attempting to obtain a $50 million piece of property in Somers, Montana, which the credit union had previously approved a loan against back in 2009.
Despite the ruling from the Montana Bank Oversight Committee stating that Thorco owed no judgment on the property, WCU seems unwilling to accept the outcome.
Testimony from public officials revealed that under normal circumstances, the disputed ownership of the property should have been settled in Thorco’s favor.
Yet, in a bizarre turn of events, CEO Kenyon filed a “Corrected Release of Mortgage” which not only falsified public records but allegedly committed multiple felonies, including property theft.
These findings are alarming for consumers who rely on credit unions to safeguard their interests.
Rather than adhering to legal guidelines designed to protect property rights, WCU's leadership appears to have engaged in brazen and unethical conduct, raising serious concerns about their trustworthiness.
Allegations against WCU reflect broader issues within financial institutions nationwide, underscoring the importance of transparency and accountability.
As this situation unfolds, it serves as a stark reminder for consumers to carefully scrutinize the financial entities they choose to trust.
Stay tuned for more updates as this story develops, bearing direct implications for Montana's financial landscape and the rights of property owners across the state.
Sources:
cbsnews.com
infowars.com
valleybroadcastnetwork.com
Latest News