Credit union worker in MS prohibited after sentencing for embezzlement

A worker at a Mississippi credit union in October was prohibited from working in the future at any federally insured financial institution after being sentenced on a charge of embezzlement, the federal credit union regulator said Friday.

The National Credit Union Administration (NCUA) said Schantol Martenque Collins, a former employee of Members Exchange Credit Union in Ridgeland, Miss., was sentenced in January 2020 after pleading guilty to the embezzlement charge. Collins’ sentence was entered in the circuit court of Rankin County, Mississippi, in connection with here employment at the credit union.

So far in 2020, NCUA has recorded 31 prohibition, cease-and-desist or civil money penalty (CMP) orders, according to listings on the agency’s website.

October 2020: NCUA Issues Prohibition Notice

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