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
NCUA prohibits embezzler from future CU work
ALEXANDRIA, Va. (6/1/12)--Former SELCO Community CU employee Lenora Jane Colburn has been prohibited from future work at any federally insured financial institution by the National Credit Union Administration (NCUA) following her conviction on embezzlement charges.

Colburn, who recently managed a branch of the Oregon credit union and had served the credit union in various capacities since 1986, stole from the credit union to support a gambling habit, The Register-Guard reported.

The former credit union employee has been sentenced to an unspecified prison term and five years of supervised release. She will pay $146,583.64 in restitution.

SELCO has also sued Colburn, alleging breach of contract. The credit union has sought around $82,000 in damages in that suit, according to The Register-Guard.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

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

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
23 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago