March 21, 2011, Alexandria, VA – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.
Virginia Anderson, a former employee of TPEA No. 5 Credit Union, Del Rio, Texas, was convicted of Theft from a Lending Institution. Anderson was sentenced to 12 months imprisonment, 1 year probation, and ordered to pay $1,759,554 in restitution.
Gary K. Ellis, a former employee of River Valley Federal Credit Union, Brattleboro, Vermont, was convicted of Credit Union Embezzlement. Ellis was sentenced to 6 months imprisonment, 5 year probation and ordered to pay $150,000 in restitution.
Kathleen Hammer, a former employee of Western Region Federal Credit Union, Cleveland, Ohio Hammer entered into a pre-trial diversion program with the State of Ohio Court of Common Pleas-Cuyahoga County.
NCUA enforcement orders are online here, and may be inspected at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than 101
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.