The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.
The NCUA seeks to recover damages from a credit union failure allegedly caused by internal fraud.
William Bruns has been selected to be the NCUA's next deputy inspector general.
William Bruns brings more than 26 years of federal auditing experience to the position.
It’s been about a year since two employees at the $1.6 million Enterprise Credit Union pleaded guilty to embezzling almost $1 million over a period of 10 years, but the topic still fuels the gossip mill in the small Kansas town. And, according to one prominent resident, the incident reduced...
“Once you break that type of trust, there’s no turning back.”
Small credit union also had its former NCUA examiner on its board, according to Inspector General's report.
BOSTON — NCUA Chairman Debbie Matz made the announcement during her general session address at NAFCU’s 46th Annual Convention in Boston.
NCUA Chairman Debbie Matz last week announced the selection of James Hagen as the agency’s next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will succeed William DeSarno, who is retiring.
Willian DeSarno to retire and James Hagen to take over IG position on June 1, agency says.