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Anne Cruz, a former credit union CEO banned by the NCUA from participating in the affairs of any federally insured financial institution, is expected to appear at a preliminary hearing in a Pennsylvania courtroom in January to face charges of theft, forgery and identity theft.

While Cruz, 33, was CEO of the $2.3 million P.N.G. Northern Federal Credit Union in Vandergrift, (southeast of Pittsburgh), from 2018 to 2021, she allegedly used a check kiting scheme that included recording and disbursing fictitious loans, the NCUA said in its prohibition order. She allegedly used the funds from the fake loans for her personal expenses and concealed the fraud by manipulating credit union records.

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Peter Strozniak

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