Bernie Metz, 57, former CEO of Center Valley Federal Credit Union, must repay NCUA more than $4.65 million and pay $200,000 to a local organization in Ohio as part of her sentence for embezzlement.
U.S. Attorney William Ihlenfeld announced that Metz received 108 months imprisonment in addition to the financial requirements of the sentence. She also surrendered properties she purchased during her decade-long embezzlement, along with several vehicles and more than $14,000.
As a result of the embezzlement, the NCUA closed and liquidated the credit union in 2009.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
