NCUA Bans Seven from Financial Institutions
ALEXANDRIA, Va. -- NCUA issued seven orders of prohibition against former credit union employees, barring them from participation in any federally insured financial institution.
Betty Jean Barachie, a former loan officer and branch manager at former Nor-Car Federal Credit Union in Easton, Pa. and confessed "shop-aholic", pleaded guilty to credit union embezzlement and filing a false tax return. Barachie was sentenced to 27 months in jail, followed by five years probation and ordered to pay $1,523,633 in restitution.
Catherine Lee Couch, former credit card coordinator at West-AirComm Federal Credit Union in Beaver, Pa., pleaded guilty to misapplication of funds. She was sentenced to 12 months and one day in jail, followed by 60 months supervised release and ordered to pay $34,580 in restitution.
Former KYANG Federal Credit Union (Louisville, Ky.) Teller Heather Renee Maier pleaded guilty to credit union theft. She was sentenced to six months in prison, six months of house arrest upon release, three years of supervised probation, and ordered to pay $51,317.48 in restitution.
Additionally, the following consented to prohibition orders without admitting or denying fault to avoid the time and cost of litigation:
o Twyla M. Davis, former manager of Winston-Salem Police Credit Union;
o Latifa Joseph, former loan officer at the Louisiana Association of Educators Federal Credit Union (New Orleans);
o James R. Straley, former treasurer/manager at Blackhawk Federal Credit Union (Beaver Falls, Pa.); and
o Latrell Brousseau, a former teller at Louisiana Association of Educators Federal Credit Union (New Orleans).
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.