Five former credit union employees have been banned from participating in the affairs of a federally insured financial institution.

Rhonda Hitt, a former employee of Fort Worth Star-Telegram Employees Federal Credit Union, without admitting or denying fault, consented to a prohibition order and a cease-and-desist order. She was ordered to pay restitution of $4,383.49 to EECU, which the Fort Worth Star-Telegram Employees FCU merged with in 2010.

Four former employees of Lockheed FCU in Burbank, Calif., also received ban orders.

  • Milton Callan was convicted of embezzlement. He was sentenced to 41 months in prison, five years supervised probation and ordered to pay restitution of $831,763.91.
  • Varoujan John Daglian was convicted of grand theft. Daglian was sentenced to three years of probation and ordered to pay restitution of $751.
  • Lorraine Lopez was convicted of grand theft. Lopez was sentenced to three years of formal probation and ordered to pay restitution of $5,808.26.
  • Victor Jackmon was convicted of felony theft. Jackmon was sentenced to five years of probation and ordered to pay restitution of $14,263.66.

Callan was a former vice president of the $3 billion Lockheed FCU and accused of leading a scheme to open corporate accounts that were charged for personal purchases.

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