The Municipal Credit Union, the subject of an ongoing FBI investigation that has produced the conviction of two high-ranking officials, including its former CEO, has offered buyout packages to employees to clear the way to close five of its 16 branches, The Chief-Leader has learned.
Late last year, members of Office and Professional Employees International Union Local 153, which represents 450 tellers, loan officers and collectors, were advised they had until Dec. 19 to opt into a buyout plan tied to their years of service with the 104-year-old credit union.
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