The NCUA announced last month that it banned six former employees from participating in the affairs of any federally-insured financial institution for stealing money and other crimes.

Fuataina Afutiti, the former president/CEO of Veterans Health Administration Credit Union, was sentenced in December to two and half years to up to 20 years in state prison for stealing nearly $2 million from the Detroit-based credit union, which had $2 million in assets. With the stolen funds from 2012 to 2016, she leased or bought several cars, including a 2013 Mercedes Benz and a motorhome. Afutiti also used the credit union’s money to pay for vacations.

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Peter Strozniak

 

Credit Union Times

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