NCUA bans former CEO and financial services officer
Ex-CEO allegedly submits a loan application with false or incomplete information and makes unauthorized payments to herself.
An ex-president/CEO and a former financial services officer were banned from participating in the affairs of any federal insured financial institution, the NCUA said Tuesday.
Tobisha Bullock, who worked as president/CEO at the $2.3 million Caano Employees Federal Credit Union in Kenner, La. from at least 2012 to the end of the first quarter of 2018, allegedly submitted an application for a loan to herself that contained false or incomplete information, according to the independent federal agency.
She also allegedly made unauthorized payments to herself, including payments for health insurance that exceeded the approved amount and payments for vacation time in excess of the time she had accrued, the NCUA prohibition order shows.
The total amount of the unauthorized payments and loan was not furnished in the prohibition document.
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