The NCUA on Tuesday issued prohibition orders prohibiting five individuals from participating in the affairs of any federally insured financial institution.

Four of the five apparently couldn't resist the opportunity to steal from credit unions where they were the sole employees.

Sharon Broadway stole $2.1 million from the United Catholic Credit Union of Temperance, Mich. and forced the tiny $303,261 cooperative into conservatorship. The 62-year-old was sentenced Jan. 17 to a minimum of 45 months in prison and ordered to pay restitution in the amount of $2,598,197.16.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 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.