Vicki Lynn Weidenhof, the former COO of the $38 million ALPS FCU in Sitka, Alaska, has been banned by the NCUA from participating in the affairs of a federally insured financial institution after she pleaded guilty to a felony charge of “thrift and credit union theft, embezzlement and misapplication by a credit union officer.’
The agency announced the decision Thursday. Violating prohibition orders is a felony offense and punishable by imprisonment and a fine of up to $1 million.
Weidenhof was also sentenced to two years in jail followed by five years of supervised release. She was also ordered to pay $187,348 in restitution.
According to a news release from the U.S. Attorney’s office in Anchorage, Weidenhof took money from the credit union and deposited it in her account and the accounts of several other people.