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An open letter to members says NCUA and Virginia state credit union examiners remain onsite, conducting an investigation.

Claudia A. Rawes, manager/CEO of the $12 million Centra Health Credit Union, and two other employees were placed on administrative leave following a state and federal examination, according to a prepared statement on the credit union’s website.

On Tuesday, Jan. 6, examiners from NCUA and the Bureau of Financial Institutions of the Commonwealth of Virginia conducted a routine examination of the Lynchburg, Va.-based cooperative. That evening the board met to review the initial findings with the NCUA and BFI.

Peter Strozniak


Credit Union Times

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