The NCUA banned former credit union executives who collectively stole more than $1.1 million from their respective credit unions.
John C. Barry, a retired police officer and the former office manager of the merged $7 million Portland Maine Police Department Federal Credit Union pleaded guilty to embezzlement and falsifying NCUA Call Reports. He was sentenced to one year and one day in prison, five years' supervised release and ordered to pay restitution of $533,791. In December 2014, PMPDFCU was consolidated into the $108 million TruChoice Federal Credit Union of South Portland, Maine.
Sherry Garner, a former president/CEO of the merged HD York Federal Credit Union in York, Pa., pleaded guilty to bank larceny and tax evasion. She admitted to embezzling $252,106 from the credit union between 2010 and 2013. She also admitted to federal income tax evasion for not reporting her embezzled income and owed $62,704 in back taxes. She was sentenced to two years in prison, three years' supervised release and ordered to pay restitution of $314,810. In May 2014, the $2.7 million, HD York FCU was merged with the $69 million White Rose Credit Union, also based in York.
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