NCUA headquarters.
Two former employees who collectively stole more than $42,000 from credit unions in Maryland and Massachusetts were banned from ever participating in the affairs of a federally-insured financial institution, the NCUA said last week.
Sheena Morgan, 37, who worked at the $926 million Point Breeze Credit Union in Hunt Valley, Md., was sentenced on April 1 to one year in jail and ordered to pay $34,000 in restitution, according to Baltimore County Circuit Court filings.
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She pleaded guilty to one felony theft count in Sept. 2020, court filings showed.
From January 2014 to November 2018, Suzanne Nowicki, 48, was an account manager at the $76 million Westport Federal Credit Union in Massachusetts. She allegedly deposited funds belonging to WFCU into her own personal share account and concealed her actions by making offsetting false entries to the credit union's general ledger, the NCUA said in its prohibition order.
The prohibition order also showed that Nowicki pleaded guilty to one count of larceny in Fall River District Court.
Nowicki was ordered to pay restitution of $8,018, according to criminal court records at Fall River District Court. She was not sentenced to any prison time, court document showed.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
