Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Five banned from FCU work in newest NCUA prohibition orders
ALEXANDRIA, Va. (5/1/14)--Former Pampa (Texas) Teachers FCU loan officer Erin Trevathan is one of five individuals prohibited from future financial institution work under National Credit Union Administration prohibition orders released Wednesday.

Trevathan, who pleaded guilty to fraud charges, was the only loan officer at the $11 million-asset credit union between mid-2008 and 2010, and used funds she allegedly stole for personal use, The Associated Press reported in 2013.  The Pampa News said that year that Trevathan allegedly funded false loans with funds from other credit union member accounts and made false entries into financial statements and credit union records to cover her tracks.

She has been ordered to pay $442,973.91 in restitution. Trevathan will also serve three years of prison and five years of supervised release.

Also subject to NCUA prohibition orders are:
  • Jayme Cather, aka Jayme Suiter, a former employee of Pittsburgh Central FCU, Sewickley, Pa., with $42 million in assets. Cather entered into an accelerated rehabilitative disposition program in connection with charges of unlawful use of a computer, theft and receiving stolen property. Cather was also required to complete 200 hours of community service and ordered to pay $16,508.02 in restitution;
     
  • Aaron Kyle Harris, a former employee of Mainstreet CU, Lenexa, Kan., with $338 million in assets, who pleaded no contest to charges of unlawful acts concerning computers and theft. Harris was sentenced to eight months in prison, one year of supervised release and 18 months of probation;
     
  • Susanne Jenness, a former employee of $4.8 million-asset United Neighbors FCU, Watertown, N.Y., who pleaded guilty to a charge of grand larceny. Jenness was sentenced to a five-year probation and ordered to pay $22,215.70 in restitution; and
     
  • Kelly Osborne, a former employee of Charlotte Fire Department CU, Charlotte, N.C., with $48 million in assets. Osborne pleaded guilty to embezzlement charges and was sentenced to six months in prison, three years of supervised release and ordered to pay $97,953.05 in restitution.
The NCUA reminds that violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

Use the resource link to access all NCUA enforcement orders.
 
Other Resources

NCUA Prohibition Orders
RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
5 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
5 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
7 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
7 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
7 hours ago