Debra Kinney, the former CEO of Border Lodge Credit Union in Derby, Vt., will serve three years in federal prison for embezzling more than $630,000 from accounts of 33 members.
Three years in prison for $630,000 theft from $3.1 million credit union.
Calling the proposed rule's $50M complexity threshold arbitrary, CUNA says credit unions of that size are small and probably simple.
Consumer advocates say most credit unions cited in 2010 have abandoned the practice.
House, Senate both get measure that would create ombudsman outside NCUA.