As Jennings was stealing funds from the credit union, she purchased nearly $600,000 worth of designer shoes, purses, jewelry and beauty products from QVC TV. Thousands of boxes containing all of this merchandise filled a floor at her home. She also had products shipped to her office to hide her shopping addiction from her fiancé. UPS workers called her the QVC queen.

Assistant U.S. Attorney Uzo Asonye wrote in court documents that the true story behind this crime does not merely lie in the $1 million plus that Jennings embezzled, but in the incredible amount of collateral damage.

“Jennings did not just steal money from a federally insured financial institution,” Asonye wrote. “She destroyed a piece of the Winchester community, ended the life of a cooperative credit union and negatively impacted its staff and volunteers.”

He noted that while the NCUA was deciding the fate of the credit union, the staff was held in an emotional limbo for several months. Although WCFCU was merged into the $2 billion Apple Federal Credit Union, only three of the six full-time employees landed jobs with the Fairfax, Va.-based credit union.

Andrew Belzinskas was the seventh and the last person to be convicted and sentenced in the $15 million fraud case that involved six others, including the former president/CEO, Alex Spirikaitis, which led to the insolvency of the Taupa Lithuanian Credit Union in Cleveland in July 2013.

Belzinskas, a former Taupa Lithuanian CU employee, was sentenced to two years in prison in April 2015 for embezzling more than $436,000 from Cleveland cooperative.

From 2007 through July 2013, Belzinskas conspired with others, including the former CEO to defraud the Cleveland cooperative, according to federal prosecutors. Spirikaitis was the central figure in the multi-million dollar fraud scheme. He was sentenced to more than 10 years in federal prison in December 2014.

A March 2014 material loss report by the NCUA Office of Inspector General determined the Taupa Lithuanian CU fraud case led to a $33.5 million loss to NCUSIF. The OIG report concluded that a lack of management integrity, inaccurate financial reporting and inadequate board oversight led to credit union's collapse, but the report was also critical of examiners, noting they could have mitigated the loss.

Jacqueline Kay Manning, a former employee of the merged $47 million Boise U.S. Employees Federal Credit Union in Boise, Idaho, was also banned by the NCUA after she pleaded guilty the charge of theft.

Manning was sentenced to four years in prison and was ordered to pay restitution in the amount of $213,302, according to the agency.

The credit union was merged into the $266 million Icon Credit Union in Boise during the first quarter of 2014.

Olivia Mae Walker, a former member services representative for the $99.8 million Members Exchange Credit Union in Ridgeland, Miss., pleaded guilty to the charges of robbery and conspiracy to commit robbery that occurred in September 2013.

She was sentenced to 15 years in prison and five years' of supervised release. She was also ordered to pay restitution in an amount that has not yet been determined by the court.

Susan N. Holm, a former teller at the $5.4 million New Haven Police and Municipal Community Federal Credit Union in New Haven, Conn., pleaded guilty to larceny, the NCUA said.

She stole about $35,000 from nine member accounts from 2012 to 2013.

Holm received a suspended sentence and five years' probation. She was also ordered to pay restitution in the amount of $30,000, the NCUA reported.

Mark James Fierro, a former employee of the $23.5 million Culver City Employees Federal Credit Union in Culver City, Calif., pleaded guilty to the charge of identity theft.

Fierro received a suspended sentence and five years' probation.

He also was required to perform 60 days of community service and ordered pay restitution the amount of $60,000, according to the NCUA.