NCUA Bans Former CEO of Pennsylvania Credit Union
Deborah Peters took over Wilkes-Barre City Employees FCU after a fraud investigation that led to convictions of an employee and four members.
Deborah N. Peters, who took over a Pennsylvania credit union that had been victimized by internal fraud, was banned Thursday by the NCUA.
Peters became the president/CEO of the Wilkes-Barre City Employees Federal Credit Union after its former President/CEO Jim Payne fatally shot himself at his home in March 2014. Five months later, the credit union’s former assistant manager, Amanda Magda, and four members —- including two police officers — were charged with conspiracy and bank fraud. All of them pleaded guilty and were sentenced for participating in a $45,000 fake loan scheme.
Peters’ CEO tenure was short-lived.
She was listed by the NCUA as the president/CEO in the first quarter and second quarter of 2014. Peters was replaced by Joseph Gimble who was listed by the NCUA as president/CEO in the third quarter of 2014.
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