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The NCUA banned former credit union executives who collectively stole more than $1.1 million from their respective credit unions.

John C. Barry, a retired police officer and the former office manager of the merged $7 million Portland Maine Police Department Federal Credit Union pleaded guilty to embezzlement and falsifying NCUA Call Reports. He was sentenced to one year and one day in prison, five years’ supervised release and ordered to pay restitution of $533,791. In December 2014, PMPDFCU was consolidated into the $108 million TruChoice Federal Credit Union of South Portland, Maine.

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Peter Strozniak


Credit Union Times

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