ROCHESTER, N.Y.–A local nonprofit that is currently under investigation for allegedly mismanaging taxpayer dollars meant to help a dozen community outreach organizations is also now the subject of a complaint filed by ESL Federal Credit Union.
According to WHAM, ESL FCU filed a complaint against the Community Resource Collaborative (CRC) that lists five outstanding balances, including an overdrawn checking account.
$180,000 in Question
According to the lawsuit, WHAM reported ESL entered into several agreements with the CRC in 2023, including:
- In January of that year, CRC opened a business checking account, which, as of March 4, allegedly remains overdrawn to the amount of $29,016.08
- ESL approved the CRC's request for a business credit card that had a limit of $5,000 in February 2023; more than $5,000 is allegedly owed there with interest
- The CRC borrowed $32,200 from ESL as part of a business loan agreement in April 2023; the balance with interest owed on that allegedly amounts to more than $24,000
- In August 2023, ESL approved the CRC's request for a business overdraft of up to $5,000; that is allegedly owed in its entirety, plus interest
- That same month, $125,000 was also borrowed and there remains a balance of more than $124,000
The money outlined amounts to more than $180,000, noted WHAM in its report.
‘Just Another Debtor’
"That just demonstrates another ill-advised move by CRC to go to ESL and borrow those funds and now, there could be just another debtor added to the long list," Steve Brew, the Republican Conference Leader for the Monroe County Legislature told WHAM.
Monroe County is currently conducting a forensic audit of the CRC through independent auditors. No timeline has been given on when the audit will be complete and legislators are still waiting for answers, according to the report.
Now With Free Shipping! The CUToday.info Daily News Email Keeps Getting Better!
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?