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The NCUA issued prohibition orders Dec. 31 that banned six former credit union employees from federally insured institutions. Three of the six were from the $12.6 million OTS Federal Credit Union in Honolulu, which an FBI agent described as a den of thieves.

Nicole Cheung, a former employee of OTS FCU, pleaded guilty to charges of embezzlement and misapplication of funds. She was sentenced to 20 days in prison, five-years supervised release and ordered to pay restitution in the amount of $21,607.

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Peter Westerman


Credit Union Times

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