U.S. Eagle's statement
U.S. Eagle Federal Credit Union sent this statement to the Duke City Ledger on October 5, 2026, through its public relations firm, James Korenchen Public Relations. It is attributed to Michael Moore, the credit union's president and chief executive. The Ledger said it would publish the statement in full, and it appears below word for word, as it was received.
U.S. Eagle Federal Credit Union has repeatedly offered to meet with DukeCityLedger for an in-person, on-the-record interview regarding this story. We are disappointed that DukeCityLedger has repeatedly rejected these offers, even though it has reached out to our current and former employees. We believe in full transparency with the media, our members, employees, and the general public. Without honest and accurate communications between both parties, we are unable to clear up any misinformation and confusion this story has caused. Many of the facts in the article are incorrect, hyperbolized or misleading and DukeCityLedger’s approach to this story does not follow the standards of objective journalism. We again offer to sit down with DukeCityLedger’s editors at their convenience to have a fully-transparent, on-the-record conversation about their claims and answer any questions they may have regarding this topic. Until that occurs, we urge readers to view this and other related stories with a healthy dose of skepticism.
Read the original statement as U.S. Eagle sent it (PDF)
Editor's note: The statement says the Ledger "has reached out to our current and former employees." The Ledger had not contacted any current or former U.S. Eagle employee before October 5, 2026, when it posted a public call for anyone with knowledge of the loans. Nothing in the story came from a conversation with an employee. The only words in it from anyone at U.S. Eagle are Michael Moore's, from the credit union's public annual meeting, and the recording is linked in the story.
Read the story it responds to: U.S. Eagle lent most of its business money out of state. $165 million of it isn't being paid back.
The Ledger interviews every source in writing and quotes written answers word for word. It has asked U.S. Eagle to name, in writing, any fact in the story it believes is wrong, and will correct any error it finds. Our standards are here.