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CU System
CU System brief (09/22/2011)
MADISON, Wis. (9/23/11)
* A West Virginia woman was sentenced Monday to 30 months in prison by U.S. District Judge David A. Faber for orchestrating a $2.4 million fraud scheme that led to the failure of the N&W Poca Division FCU, formerly located in Bluefield, W. Va. (WVNA Sept. 19). Pamela Mullins, 46, a former employee of N&W Poca Division FCU, admitted that, beginning in 2003 she embezzled money using various schemes, including making fictitious deposits into her personal checking account and accounts of family members. The deposits were fictitious in that no funds were received by the credit union. Mullins admitted that she subsequently used the funds for personal use. Mullins also posted fictitious payments to loan accounts and issued credit union checks to herself, family members and to third parties to pay for her expenses, without recording the checks in the books and records of the credit union …


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