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In May 2020, a small credit union in Beaver, Pennsylvania shut down with no warning. But what looked like an ordinary failure was actually a scandal that hid in plain sight for years. How did it happen? One word holds the clue.
For show notes and original photography, visit OverdrawnPodcast.com.
In 1964, a brotherhood of electrical workers in western Pennsylvania pooled their money and started a credit union. Fifty-six years later, federal regulators shut it down.
The scandal made some headlines, then the world moved on.
This investigation goes back to the people who had to pick up the pieces, who were left with more questions than answers, because what they were told doesn't add up.
We'll take you into the court documents, down rough country roads and through official government records, to find out what really happened.
You'll hear from sources speaking publicly about a crime others still refuse to discuss.
It's been a mystery sitting in plain sight for years, scattered across records and memories nobody ever put together until now.
Welcome to Overdrawn.
For show notes and original photography, visit OverdrawnPodcast.com.
From the publisher's feed
Overdrawn investigates the cost and consequence of crime. Each season focuses on one case, told by those speaking out about what that others refuse to discuss. Overdrawn goes past the headlines and…
Reported and produced by Andy Janning. Distributed by The Credit Union Connection.