Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday.
In all, the agency said it issued four consent prohibition orders and two notices of prohibition. The NCUA, in the consent orders, said:
- Lindsay Risinger, a former CEO of Barton Plan Employees Federal Credit Union in Luling, La., between July 2022 and September 2023 redirected credit union funds into her personal accounts and/or those of her family members, issued loans to individuals outside the credit union’s membership field, and caused the credit union more than $200,000 in losses.
- Stephen Hopkins, a former CEO of HealthPlus Federal Credit Union in Jackson, Miss., between November 2020 and February 2021 fraudulently withdrew funds from member accounts for his personal use, causing more than $14,000 in losses to the credit union and/or its members.
- Edward Nurse, a former teller at Park Side Financial Credit Union in Whitefish, Mont., between July 2023 and June 2024 stole U.S. currency from the credit union’s vault and deposited the funds into his personal accounts and replaced the missing funds with fake bills, causing more than $389,000 in losses to the credit union. He pleaded guilty to theft in U.S. district court, the agency said.
- Nadaje Hendrix, a former assistant manager of Hanscom Federal Credit Union in Middlesex, Mass., between December 2019 and September 2021 conspired with other individuals to issue fraudulent loans and caused more than $134,000 in losses to the credit union. The NCUA said Hendrix pleaded guilty to conspiracy to commit bank fraud in U.S. district court.
It said notices of prohibition were issued for:
- Jovan Eric Bell, a former employee of Navy Federal Credit Union in Vienna, Va., who the agency said pleaded guilty in U.S. district court to bank fraud conspiracy. The agency said Bell was sentenced to 1 day of imprisonment, 36 months of supervised release, and ordered to pay $132,988.99 in restitution.
- Jalen Craig McMillan, a former employee of Navy Federal Credit Union in Vienna, Va., who the agency said was convicted last June in U.S. district court on three counts of bank fraud; one count of bank fraud conspiracy; and one count of aggravated identify theft. The agency said McMillan was sentenced to 54 months imprisonment, 60 months of supervised release, and ordered to pay $165,891 in restitution.
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