Two Banned by NCUA
The NCUA Wednesday issued orders prohibiting former employees of two credit unions – one in Washington state and the other in Massachusetts – from participating in the affairs of any federally insured financial institution.
Edgar Hugh Kelly, a former employee of the $22 million KBR Credit Union of Tacoma, Wash., was convicted of theft. Kelly was sentenced in April 2011 to 33 months in prison, three years of supervised release, and ordered to pay $440,000.
He worked for nearly 13 years at the credit union as a teller and office manager, according to The Olympian.
Meanwhile, Joanne Taylor, a former employee of the $47 million Hingham Federal Credit Union in Hingham, Mass., was convicted of larceny, and her two-year prison sentence was suspended to five years of supervised release.
Taylor was also ordered to pay restitution in the amount of $35,000, which represents the amount of her theft not covered by insurance, according to The Patriot-Ledger. The former manager and 11-year-employee left the credit union in 2010 and pleaded guilty to criminal charges in February after admitting to stealing more than $100,000, the newspaper said.
NCUA enforcement orders are posted online, and are also available for inspection in person at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday.