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Violation Tracker Individual Record

Company: Citadel Federal Credit Union
Penalty: $6,520,000
Year: 2024
Date: October 10, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
Secondary Offense: racial discrimination
Violation Description: Citadel Federal Credit Union (Citadel) has agreed to pay over $6.5 million to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia. Under the proposed consent order, which is subject to court approval, Citadel has agreed to invest $6.52 million to increase credit opportunities for communities of color in and around Philadelphia.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of Pennsylvania
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.