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NCUA Bans Seven from Financial Institutions

NCUA issued seven orders of prohibition against former credit union employees, barring them from participation in any federally insured financial institution.

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ALEXANDRIA, Va. — NCUA issued seven orders of prohibition against former credit union employees, barring them from participation in any federally insured financial institution.

Betty Jean Barachie, a former loan officer and branch manager at former Nor-Car Federal Credit Union in Easton, Pa. and confessed “shop-aholic”, pleaded guilty to credit union embezzlement and filing a false tax return. Barachie was sentenced to 27 months in jail, followed by five years probation and ordered to pay $1,523,633 in restitution.

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