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NCUA Bans Seven Former Credit Union Staffers

Prohibition orders include an ex-CEO with a criminal past who worked at a conserved Chicago credit union.

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The NCUA announces ban of former credit union employees.

The NCUA Monday banned a former CEO with a criminal past for theft, a former employee who served only one hour in custody for a $400,000 embezzlement, and a former staffer convicted of aggravated theft who withdrew more than $150,000 from member accounts.

These individuals and four others are prohibited from participating in the affairs of any federally insured financial institution.

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Peter Strozniak

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