Former FL credit union worker prohibited after sentencing for ID theft, embezzlement, fraud

Sentencing on charges of identity theft, embezzlement, fraud, and theft led to the prohibition of a Florida credit union employee from future participation in the affairs of any federally insured financial institution, the federal credit union regulator said Friday.

In the only such action it said was issued in July, the National Credit Union Administration (NCUA) said it has prohibited Elka Arrechavala, a former employee of Space Coast Credit Union in Melbourne, Fla., from working at insured financial institutions.

Arrechavala, according to the notice of prohibition posted by the agency, pleaded “no contest” to multiple charges, including: criminal use of personal identification (victim under 18 or more than 60 years of age); embezzlement of money or property of financial interest; organized fraud to obtain property less than $20,000; and theft from person 65 or older, $300 to under $10,000.

Although in a press release NCUA said Arrechavala was sentenced (in Brevard County, Fla., circuit court), the terms of the sentence were not published.

NCUA Issues Prohibition Notice (July 2020)

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