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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.


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