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The NCUA on Wednesday banned Brooke Shaeffer, a former teller for the $4.8 billion Members 1st Federal Credit Union, from participating in the affairs of any federally insured financial institution.
In July she was sentenced by a federal judge to five years of probation for stealing more than $19,000 from the Mechanicsburg, Pa.-based credit union. Prosecutors recommended that Shaeffer be sentenced to probation.
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Sometime after May 2015, Shaeffer, 24, began to "sell" money to the branch vault. She then voided those transactions, according to court documents. Though this caused her money drawer to be short, Shaeffer managed to conceal her theft for a time because she was the only one who counted the funds, court documents showed.
Her lawyer explained in court papers that she stole the money to support her drug addiction.
After she was confronted by the credit union, her family made full restitution in 2017 and Shaeffer enrolled in an alcohol and drug treatment program.
She has remained drug and alcohol free for three years and is gainfully employed, according to court documents.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
