The NCUA Wednesday issued orders prohibiting former employees of two credit unions – one in Washington state and the other in Massachusetts – from participating in the affairs of any federally insured financial institution.
Edgar Hugh Kelly, a former employee of the $22 million KBR Credit Union of Tacoma, Wash., was convicted of theft. Kelly was sentenced in April 2011 to 33 months in prison, three years of supervised release, and ordered to pay $440,000.
He worked for nearly 13 years at the credit union as a teller and office manager, according to The Olympian.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
