Former CU worker faces prohibition in addition to prison time, $460K restitution

A former credit union employee who was sentenced to four months’ prison time and ordered to pay more than $460,000 in restitution has been prohibited from participating in the affairs of any federally insured financial institution, including credit unions.

The National Credit Union Administration (NCUA) said in a release Monday that it filed a notice of prohibition against Latrese Williams, a former employee of Northwest Baptist Federal Credit Union in Seattle, Wash. Williams pleaded guilty to the charge of theft and was sentenced to four months in prison, three years’ supervised release, and ordered to pay $460,485.65 in restitution, the agency said.

The agency also said Monday that it has additionally prohibited Soundra M. Lopez, a former employee of County & Municipal Employees Credit Union in Edinburg, Texas. Lopez, the agency said, agreed and consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the agency’s claims against her.

NCUA Issues Prohibition Notices