MCUL reward unused on arrests for string of CU robberies

December 18, 2014

LIVONIA, Mich. (12/19/14)--A reward fund amassed by the Michigan Credit Union League (MCUL) to help investigators track down criminals allegedly behind a string of recent credit union robberies went unused, but police officials said they were glad the fund was still available.

Six people have been federally charged in connection with eight robberies of six credit unions in Michigan. The men were picked up following a traffic stop Dec. 11 and were allegedly on their way to rob another credit union (Monitor Dec. 17).

To help bring in the criminals, the Michigan league collected money from credit unions to form a fund that would have served as a reward for any help that led to arrests. In all, the league received $5,000, which MCUL said it would have doubled.

In the end, the suspects were caught and the reward wasn't used.

"We've had very good feedback from several credit union CEOs thanking us for the efforts in organizing the pledges and working with the Lansing Police Department, even though it wasn't actually utilized this go around," said Ken Ross, MCUL executive vice president/chief operating officer. "The Lansing police were very thankful for our efforts to make a reward available if the investigation stalled."

Eight robberies of credit unions were listed in the affidavit in support of the federal complaint, including incidents at Astera CU, Lansing, with $153 million in assets; Lake Trust CU, Brighton, with $1.6 billion in assets; Genisys CU, Auburn Hills, with $1.6 billion in assets; CASE CU, Lansing, with $249 million in assets; and Community Choice CU, Farmington Hills, with $531 million in assets.