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 Jan. 6, examiners from the 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.
"The board was concerned about apparent non-adherence to policies and procedures and made the decision to place the credit union manager and two additional employees on administrative leave immediately," the statement read. "The board is committed to working closely with the NCUA and the BFI and is meeting with their representatives daily. We anticipate they will be onsite for a period of time gathering information."
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