The NCUA announces new orders.
The NCUA banned last week Linda D. Landry from participating in the affairs of a federally insured financial institution.
Landry, a former president/CEO of the $6.9 million Southeast Texas Employees Federal Credit Union in Orange, allegedly stole more than $20,000 from the credit union's bank account, according to the NCUA's prohibition order.
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Through its investigation, the independent federal agency determined Landry converted these funds for her own personal use.
She did not admit nor deny this allegation, however, the prohibition order shows.
Landry had been working as CEO through the third quarter of 2017, according the credit union's profile document filed with the NCUA.
She was eventually replaced by Paul Withey last year.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
