Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA bans former FCU employee for abetting fraud
ALEXANDRIA, Va. (12/19/11)--The National Credit Union Administration (NCUA) last week blocked former N&W Poca Division FCU employee Pamela Mullins from participating in the affairs of any federally insured financial institution.

Mullins has been sentenced to serve a 30-month prison sentence and three years of supervised probation following her conviction on charges of aiding and abetting bank fraud. Mullins also is required to pay $2,406,804 in restitution.

The Bluefield, W. Va.-based credit union was put into liquidation by the NCUA in 2008 after the NCUA determined it was insolvent and had no prospects of restoring viable operations. The credit union held $6 million in assets and had 1,194 members when it closed.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Use the resource link to access all NCUA prohibition orders.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
11 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
13 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
15 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
15 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
16 hours ago