The NCUA in May issued one prohibition notice and one prohibition order, which bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution. Violation of [...]
Sherry Ann Allen, the former CEO of the Greater Eastern Credit Union in Johnson City, Tenn., pleaded guilty to theft and tax evasion Wednesday in U.S. District Court in Greenville, Tenn. Her sentencing hearing [...]
An insurance company is asking a federal court judge to rescind an insurance bond policy to nullify a $1.2 million claim made by the $55 million Greater Eastern Credit Union after its former CEO [...]
Sherry Ann Allen stole more than $1.1 million from the Greater Eastern Credit Union by using a hidden transaction feature, knowing no one at the Johnson City, Tenn.-based cooperative reviewed hidden transactions, enabling [...]
