LindaReynolds, CEO of the NAFCU Federal Credit Union of the Year for2011, has been accused of fraud and misappropriation of funds.

Reynolds had been CEO at Pinellas Federal Credit Union since 1996 until she was recentlyfired. The 13,000-member, $84 million credit union in Largo,Florida, won NAFCU's award as Credit Union of the Year for CUsunder $150 million in assets last year and Reynolds had been namedCEO of the Year in 2009.

“Linda Reynolds has been a valuable asset to Pinellas FederalCredit Union, demonstrating exemplary leadership skills and ardentdedication that is an inspiration to her colleagues,” said FredPetty, PFCU board chairman in a credit union newsletter announcingthe award in 2009.“This award is a testament to her outstandingservices on behalf of our members.”

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