Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA bans former FCU employee for abetting fraud
ALEXANDRIA, Va. (12/19/11)--The National Credit Union Administration (NCUA) last week blocked former N&W Poca Division FCU employee Pamela Mullins from participating in the affairs of any federally insured financial institution.

Mullins has been sentenced to serve a 30-month prison sentence and three years of supervised probation following her conviction on charges of aiding and abetting bank fraud. Mullins also is required to pay $2,406,804 in restitution.

The Bluefield, W. Va.-based credit union was put into liquidation by the NCUA in 2008 after the NCUA determined it was insolvent and had no prospects of restoring viable operations. The credit union held $6 million in assets and had 1,194 members when it closed.

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 prohibition orders.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
14 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
14 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
17 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
18 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
19 hours ago