ALEXANDRIA, Va. (May 12, 2011) – The National Credit Union Administration Board has issued an order prohibiting the following individual from participating in the affairs of any federally insured financial institution.
Vicki Lynn Weidenhof, a former employee of ALPS Federal Credit Union, Sitka, Alaska, was convicted of thrift and credit union theft, embezzlement, and misapplication of funds by an officer or employee. Weidenhof was sentenced to 24 months imprisonment, 5 years supervised release, and ordered to pay $187,348 in restitution.
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 U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 97 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..