NCUA bans four former credit union employees
October’s prohibition list includes two CEOs and a teller.
The NCUA issued October prohibition notices Wednesday that banned four former employees, including two CEOs, from participating in the affairs of any federally insured financial institution.
Savannah Yang, a former employee of the $2.2 billion Affinity Plus Federal Credit Union in Saint Paul, Minn., who opened a fraudulent account in the name of a member she knew had an intellectual disability, pleaded guilty to embezzlement in November 2017, according to federal court documents. Yang created the fake accounts in the names of members to steal money from the credit union. In March, she was sentenced to 21 months in prison, one year of supervised release, and was ordered to pay $286,665 in restitution.
Krista Putman, a former president/CEO of the G.H. Woodworkers Federal Credit Union in Aberdeen, Wash., who set documents ablaze to conceal her theft during an NCUA examination last year, pleaded guilty to theft in November 2017. She was sentenced in January to 14 months in prison and was ordered to pay $335,758 in restitution. GH Woodworkers Federal Credit Union was merged into the $142 million Great NorthWest Federal Credit Union also based in Aberdeen in January.
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