NCUA headquarters. Credit/NCUA
A former teller at the Phoenix-based Alhambra Credit Union was banned from working at any federally insured financial institution, the NCUA announced on Wednesday.
According to the agency’s Administrative Order, Daniel Garza was a teller at Alhambra ($29.8 million in assets, 4,056 members) and between March and April of this year, “performed numerous unauthorized cash withdrawal transactions on Alhambra CU member accounts, resulting in a loss of $14,900.”
During the NCUA’s investigation, the agency reported that Garza stole $7,597 from his teller cash drawer and “falsified his daily teller cash reports to reflect that the stolen cash was still in his teller drawer, concealing this theft.”
The NCUA stated that Garza engaged in unsafe or unsound practices during this time and therefore “demonstrated personal dishonesty and/or unfitness to participate in conducting the affairs of a credit union.”
According to the NCUA, Garza was employed at Alhambra for six years and was terminated on April 23, 2024.
Garza did not admit or deny any wrongdoing, according to the NCUA. He signed the Administrative Order on Oct. 14.
In 2024, the NCUA has issued 21 Administrative Orders banning certain individuals from working at any federally insured financial institution.
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Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
