Five former credit union employees, one of whom was ordered to pay $1 million in restitution in addition to serving prison time for her crimes, have been barred from future involvement in the affairs of any federally insured financial institution, the federal regulator of credit unions said Friday.
The National Credit Union Administration (NCUA), in a release, identified the five individuals barred as follows:
- Allennie Naeole, a former employee of First Hawaiian Homes Credit Union in Hoolehua, Hawaii, pleaded guilty to the charges of conspiracy to commit embezzlement and identity theft. NCUA said Naeole was sentenced to seven years in prison, three years’ supervised release, and was ordered to pay more than $1 million in restitution.
- Melody Camba, a former employee of Independent Employers Group Federal Credit Union in Hilo, Hawaii, pleaded guilty to the charge of embezzlement, NCUA said, and was sentenced to two years in prison, five years’ supervised release, and was ordered to pay $308,696.38 in restitution.
- Stanley D. Hayes, a former employee of Valley State Employees Credit Union in Saginaw, Mich., pleaded guilty to the charges of embezzlement and computer crime, according to the agency. NCUA said Hayes was sentenced in April to serve up to 20 years in prison and was ordered to pay $709,000 in restitution.
- Jane L. Madtson, a former employee of Grays Harbor Community Hospital Federal Credit Union in Aberdeen, Wash., reportedly pleaded guilty to the charge of theft. NCUA said Madtson was sentenced to 30 days in prison and 240 hours of community service, and was ordered to pay $8,309.89 in restitution.
- Amy Simon, a former employee or institution-affiliated party of South Jennings Catholic Federal Credit Union in Jennings, La., agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA Board’s claims against her, the agency said.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA Issues Prohibition Notices