The NCUA issued prohibition orders this month forbidding two former credit union employees from taking part in the affairs of any federally insured financial institution.
Linda Zuhan, a former employee of the $14 million IBEW Community Federal Credit Union in Beaumont, Texas, agreed to the prohibition order to "avoid the time and expense of administrative litigation," according to an NCUA media release.
Karen Zunk-Wolf, a former employee of the $15 million YS Federal Credit Union in Yellow Springs, Ohio, pleaded guilty to charges of theft. She was sentenced to five years of probation and ordered to pay restitution in the amount of $10,233.50. According to local news reports, Zunk-Wolf was the CEO of YS for 12 years before abruptly resigning in 2012. At the time, the credit union board would not give reason for the sudden resignation.
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.
