The NCUA said Tuesday it banned three former credit union employees who were convicted of embezzlement, theft or fraud.
The federal agency also banned a fourth former credit union employee who was not convicted of a crime but consented to a prohibition order from participating in the affairs of any federally insured credit union.
Michael A. LaJoice, a former CFO of the merged Clarkston Brandon Community Credit Union in Clarkston, Mich., pleaded guilty to fraud in March. He was sentenced to 11 years in prison and three years' supervised release. He was also ordered to pay more than $17.7 million in restitution. Clarkston Brandon Community CU was merged into the $3.5 billion Michigan State University Federal Credit Union in East Lansing.
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Nicole A. Wombacher, a former employee of the $11.9 million Your Choice Federal Credit Union in Altoona, Pa., pleaded guilty to theft and receiving stolen property. She entered into an accelerated rehabilitative disposition program and was sentenced to one year in prison. She was ordered to pay $10,802 in restitution, according to the NCUA.
Sara Jo Morrison, a former employee of the $1.1 billion Black Hills Federal Credit Union in Rapid City, S.D., pleaded guilty to credit union embezzlement in Jan. 2014. She was sentenced in April 2014 to one month in prison, two years' supervised release. Morrison was ordered to pay $5,400 in restitution, according to federal court documents.
Brittney Merisier, also known as Brittney Estimable, a former customer service representative for the $4 billion Space Coast Credit Union in Melbourne, Fla., consented to a prohibition order and agreed to comply with its terms to settle the NCUA's claims against her. Although the NCUA did not specify what those claims were in its prepared statement, the federal agency said Merisier was not convicted of a crime.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
