Linda Reynolds, CEO of NAFCU Federal Credit Union of the Year for 2011, has been accused of fraud and misappropriation of funds.  

Reynolds had been CEO at Pinellas Federal Credit Union since 1996. The 13,000-member, $84 million credit union, headquartered in Largo, Fla., won NAFCU's award as Credit Union of the Year for CUs under $150 million in assets last year, and Reynolds had been named CEO of the Year in 2009.

"Linda Reynolds has been a valuable asset to Pinellas Federal Credit Union, demonstrating exemplary leadership skills and ardent dedication that is an inspiration to her colleagues," said Fred Petty, PFCU board chairman in a CU newsletter announcing the 2009 award. "This award is a testament to her outstanding services on behalf of our members."

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