NCUA Bans Former North Dakota Consumer Loan Processor
Kaitlin Kastet pleaded guilty to theft and ordered to pay $6,293 in restitution.
A former consumer loan processor for North Dakota’s largest credit union was banned from ever participating in the affairs of any insured financial institution, the NCUA said Wednesday.
In November 2019, Kaitlin Kastet was charged with two felony theft counts in connection to her employment at the $201 million Citizens Community Credit Union (CCCU) in Devil’s Lake, N.D., and the $1.1 billion First Community Credit Union (FCCU) in Jamestown, N.D., according to the federal agency.
Kastet was working as a member relations specialist for the 11,399-member CCCU when it was conserved by the NCUA in June 2017. The credit union was consolidated into FCCU in January 2018. Later that year, Kastet was working as a consumer loan processor.
After pleading guilty to one count of theft in November 2021, she was sentenced to 12 months of supervised probation and ordered to pay $6,293 in restitution, the NCUA said. In that month, the North Dakota Department of Financial Institutions issued an order that banned Kastet from participating in the affairs of any financial institutions licensed by the state.