The Region - News from April 28, 1985

The United Teachers of Los Angeles Credit Union, with assets of about $200,000, has been ordered by the state Department of Corporations to cease business while auditors sort through a jumbled backlog of financial transactions. Yosh Fukuma, special administrator of credit unions in the Department of Corporations, said that about 900 teachers have small deposits at the credit union, where all transactions have been frozen pending completion of the audit. Fukuma said that the credit union has fallen behind in posting disbursements and deposits during the last eight months.