Kappa Alpha Psi Federal Credit Union Press Release Concerning Charter Revocation

KAPFCU v. NCUA - A Credit Union Brown v. Topeka Board of Education

WASHINGTON, DC – A tiny African-American credit union seeks constitutional due process from the National Credit Union Administration (NCUA) in a landmark lawsuit filed in the Federal District Court for Washington, DC. On August 3, 2010 the NCUA served a surprise liquidation order on Kappa Alpha Psi Federal Credit Union (KAPFCU). The NCUA summarily liquidated the fledging credit union of an African-American fraternity with a 100 year history of community service – without due process. Read More…