Even though some of the auditors visiting her credit union were thorough, Donna Jennings said she knew the red flags that could get their attention.

"There were no red flags anywhere," Jennings said. "I was good at my job."

But Jennings, the former president/CEO of the merged Winchester Community Federal Credit Union, finally missed at least one red flag that caught the eye of an NCUA examiner – which led to her demise.

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
NOT FOR REPRINT

© 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.