Credit union regulator prohibited former worker in PA during September

A former worker at a Pennsylvania credit union was prohibited in September from working or serving as an official of a federally insured financial institution, the federal credit union regulator said Wednesday.

In a release, the National Credit Union Administration (NCUA) said it had prohibited Brooke Shaeffer, a former employee of Member’s 1st Federal Credit Union in Mechanicsburg, Pa. According to the administrative order filed by NCUA, Schaeffer was sentenced by the U.S. District Court for the middle district of Pennsylvania June 20 on a charge of theft.

On or about June 30, 2020, Brooke Shaeffer (“Shaeffer”) was sentenced on the charge of credit union theft, 18 U.S.C. § 2113(b) in United States District Court for the Middle District of Pennsylvania, according to the NCUA prohibition notice.

Individuals prohibited by NCUA or the other federal financial institution regulators are barred from participating in the affairs of any federally insured financial institution.

NCUA Issues Prohibition Notice

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