Christine Darley, former president/CEO of the $3 million Panhandle Cooperative Federal Credit Union, was sentenced Jan. 8 to time served and five years of supervised release, which includes six months of house arrest.

In September 2017, Darley pleaded guilty to bank fraud. In exchange for her guilty plea, prosecutors dropped five bank fraud charges. She admitted to improperly obtaining a $180,000 loan from the $3 million, Scottsbluff, Neb.-based credit union.

U.S. District Court Judge John M. Gerrad in Lincoln, Neb., also ordered Darley to pay restitution of $137,378 to CUMIS Insurance Society Inc. and $2,500 to Meridan Trust Federal Credit Union.

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.

Credit Union Management
Fraud & Enforcement