New lawsuit alleges coordinated fraud

By: Robert Blechl, Caledonian Record

Outlets: NH Business Review

Published: July 21, 2026

Words: 823

Last Updated: 1 week, 5 days ago

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As Service Credit Union (SCU) seeks a new chapter of federal bankruptcy for an unfinished senior living campus in Littleton, it filed a lawsuit in state court last month against the owners and lenders, whom it accuses of coordinated fraud and embezzlement involving a $30 million SCU construction loan.

The loan was issued to finance the construction of an assisted living facility at 1262 St. Johnsbury Road. Planned were more than 100 living units, including …

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