The NCUA in June banned six people convicted of various crimes—including a former employee of a Kentucky credit union whose actions led to the institution's insolvency—from participating in the affairs of any federally insured institution.
Debra C. Pyfrom, a former employee of I.B.E.W. Local 816 Federal Credit Union in Paducah, Ky., pleaded guilty to bank fraud and was sentenced to 78 months in prison, two years' supervised release and was ordered to pay restitution in the amount of $600,250.
Her embezzlement led to the insolvency of the $5.4 million International Brotherhood of Electrical Workers Local 816 Federal Credit Union. In June 2014, she admitted she had stolen more than $100,000 over two years. At the time of her arrest and initial theft charges in July, an audit of the credit union's finances was under way.
A year later, she was indicted and was accused of stealing more than $600,000 between February 2006 and July 2014.
In addition, the NCUA issued a prohibition notice to Mary Brown, a former employee of the $170 million Southbridge Credit Union in Worcester, Mass., who had pleaded guilty to the charge of larceny. Brown received two years' probation.
Kayla Liston, a former employee of the $115 million Fire Police City County Federal Credit Union in Fort Wayne, Ind., pleaded guilty theft. She received a suspended sentence, two years' probation and was ordered to pay restitution in the amount of $14,216.
Erica Richardson, a former employee of the $75 million Peoples Credit Union in Pembroke Pines, Fla., pleaded guilty to receiving commissions or gifts in exchange for procuring loans. Richardson was sentenced to one year of probation and was ordered to pay $10,000 in restitution.
Brandy Andrews Turpin, a former employee of the $59 million Southeast Federal Credit Union in Cornelia, Ga., pleaded guilty to theft. He was sentenced to eight years' probation and was ordered to repay $11,407.
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