NCUA official seal. (Source: NCUA)
A former senior member specialist of the $129 million Members Exchange Credit Union in Ridgeland, Miss., was banned from participating in the affairs of any federally- insured financial institution after she pleaded guilty to an embezzlement charge, the NCUA said Friday.
According to the NCUA's notice of prohibition, Schantol Collins had been sentenced on Jan. 24, 2020, in Rankin County Circuit Court after previously pleading guilty to the criminal charge.
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However, when reached by CU Times on Monday, an official with the clerk's office for Rankin County Circuit Court in Brandon said Collins, who remains in custody, pleaded guilty to embezzlement on Jan. 21, 2020, but she is not scheduled to be sentenced until Jan. 4, 2021.
The NCUA did not respond to a request to reconcile its information when contacted by CU Times on Monday.
The notice of prohibition order did not report the amount of funds Collins allegedly embezzled.
The former credit union employee worked at Members Exchange from March 2012 to September 2019, according to her LinkedIn page.
Members Exchange did not respond to CU Times' request for comment.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
