Former CU CEO Admits Stealing More Than $200,000 From Elderly Member Accounts

Gloria Jean Hall, former president/CEO of the $3.2 million Prairie View Federal Credit Union (PVFCU), admitted in federal court that she stole more than $211,000 from two elderly member accounts, the U.S. Attorney’s Office for the Southern District of Texas in Houston said on Tuesday.

Hall, 57, of Prairie View, pleaded guilty to one count of embezzlement by a federal credit union employee.

From 2017 through 2019, Hall also admitted that she purposefully maintained an antiquated business practice that did not allow members to access their accounts online, federal prosecutors said.

Hall remains free on bond pending her sentencing hearing scheduled for August.

PVFCU was one of the nation’s oldest continually operational federal credit unions established by a historically Black college, the Prairie View-based A & M University.

The credit union was chartered in 1937 and served 628 members.

The NCUA approved its merger with the $335 million Cy-Fair Federal Credit Union in Houston during the first quarter of 2022.

PVFCU was consolidated because of its poor financial condition.