The NCUA announces ban of former credit union employees.

The NCUA said Friday it banned three former employees who used to work at credit unions in New York, Wisconsin and Florida.

Norma Gold, 57, a former office manager of the $778,129 Olean Tile Employees Federal Credit Union in Olean, N.Y., pleaded guilty to false entries in federal credit union reports. She was sentenced last month to two and a half years in prison and was ordered to pay $179,939 in restitution. Gold attempted to hide her fraud by getting her son to impersonate an auditor who called and told NCUA examiners that he had performed an audit and verified the credit union’s accounts, according to court documents. The NCUA determined that the auditor died several months earlier. The credit union was liquidated in December 2012.

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Peter Strozniak


Credit Union Times

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