Three former credit union employees who were convicted or pleaded guilty of crimes have been banned by the NCUA from participating in the affairs of a federally insured financial institution.
Virginia Anderson, a former employee of TPA No. 5 Credit Union in Del Rio, Texas, was sentenced to a year in jail and a of year probation, and was ordered to pay back $1.5 million following her conviction of theft from a lending institution.
Gary K. Ellis, former president/CEO of River Valley FCU in Brattleboro, Vt., who pleaded guilty to one count of embezzlement from that institution, was sentenced to six months in prison and five years of probation, and was ordered to repay $150,000.
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Kathleen Hammer, a former employee of Western Region FCU in Cleveland, Ohio, entered into a pre-trial diversion program with the State of Ohio Court of Common Pleas-Cuyahoga County. Under federal law, violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
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