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Two CU Employees Barred From Federally Insured Financial Institutions

NCUA announced two prohibition orders earlier this month banning former credit union employees from participating in the affairs of any federally insured financial institution.

By Staff Writer | Updated on September 26, 2006

ALEXANDRIA, Va. — NCUA announced two prohibition orders earlier this month banning former credit union employees from participating in the affairs of any federally insured financial institution.

George Gracie, the former financial officer of Metropolitan Credit Union in Chelsea, Mass., and treasurer of the Boston Taxi Fund, pleaded guilty to 13 counts of mail fraud. He was sentenced to 18 months in prison with two years supervised release, and ordered to pay $144,038 in restitution to the Boston Taxi Fund.

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