The NCUA issued six prohibition orders Jan. 29 banning six former credit union employees from participating in the affairs of any federally insured financial institution.
Angela Michelle Martin, a former vice president of the $4.9 million Mountain Community Federal Credit Union in Ft. Oglethorpe, Ga., pleaded guilty in May 2014 to embezzlement. In August 2014, she was sentenced to two years in prison and ordered to pay restitution of $489,583.
According to court documents, she stole credit union funds from 2011 to 2013 and made loan payments to herself, her husband and other members. She also falsified records and kept fraudulent transactions under $3,000 in an effort to not draw attention to her theft. Additionally, Martin obtained computer passwords belonging to credit union employees under her supervision and used them to conduct illegal transactions, according to court records.
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