Two former workers were barred from ever working again in a credit union – or any federally insured financial institution – after both agreed to accept terms of orders issued by the federal credit union regulator, the agency said Tuesday.
The National Credit Union Administration (NCUA) said it reached the consent orders with Hector Andres Aleman, a former employee at Pima Federal Credit Union in Tucson, Ariz., and Elizabeth Ann Oliver, a former worker at Lancaster Red Rose Credit Union in Leola, Pa.
According to the NCUA consent prohibition order, Aleman, a former teller, pleaded guilty in October to one felony count of attempted fraudulent scheme and artifice under state law, resulting from an embezzlement of approximately $178,844.
The agency said Oliver falsified the credit union’s general ledger accounts and created phony loans in members’ accounts for her benefit (including an auto loan and bogus credit card account). She pleaded guilty in August 2020 to state charges of theft by deception and false impression, identity theft, and tampering with records, the NCUA said.
The agency said both breached their fiduciary duties at the credit unions and displayed their unfitness to participate in conducting the affairs of the institutions.