Four former credit union employees, including a manager and a long-time teller and administrative assistant were banned Wednesday by the NCUA from participating in the affairs of any federally insured financial institution.
Catherine Linton, former manager of the $4.1 Trailblazer Federal Credit Union in Washington, Pa. was sentenced to a year and a day in December for embezzlement. She was ordered to pay $979,595.82 in restitution. Her 17-year fraud led to the insolvency and closure of the credit union in July 2015.
Debra L. Wenger, a former teller and administrative assistant of the $30.1 million Shelter Insurance Federal Credit Union in Columbia, Mo., was sentenced to time served and one year of supervised released in November for stealing more than $231,000. Federal court documents indicated that the 28-year credit union employee stole the funds in part because she was a victim of a scam while on an online dating service and reportedly lost almost $700,000. Court documents show Wenger already made $231,000 in restitution.
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
Already have an account? Sign In Now
© 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.