The NCUA has issued a ban against a former employee of the $1 billion SELCO Community Credit Union in Eugene, Ore., after she was convicted of stealing $146,583 from the institution over a period of eight years to feed her gambling addiction.
Lenora Jane Colburn, a former supervisor and assistant manager of two Eugene branches until she was fired in May 2011, was sentenced to a prison term, five years of supervised release and ordered to pay restitution, the NCUA said in a statement on Thursday.
However, according to The Register-Guard newspaper, U.S. District Judge Michael Hogan sentenced Colburn to a year of home detention in January.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
