Three prohibited by credit union regulator following theft conviction, guilty pleadings

Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday.

According to the National Credit Union Administration (NCUA), the three are: Sarah C. Conley, a former employee of Summit Federal Credit Union (FCU) in Rochester, N.Y.; Carlene Bartley, a former employee of Municipal Credit Union (CU) in New York, N.Y.; and Esther A. Olson, a former employee of Educational Employees CU in Fresno, Calif.

Conley and Bartley received notices of prohibition following their respective convictions in court. Olson signed a consent order with the agency.

According to the prohibition order, Conley was prohibited after being convicted in Onondaga County, N.Y, Court in 2022 for grand larceny in the second degree in connection with illegal activities at Summit FCU. She was sentenced to five years of probation and ordered to pay restitution.

NCUA said Bartley pleaded guilty Feb. 24 in Nassau County, N.Y. Court to grand larceny in the second degree, and has been prohibited as a result.

Olson signed a consent prohibition order, neither admitting nor denying wrongdoing. However, the agency said in 2023 Olson pleaded guilty in federal court to embezzlement following the alleged withdrawal from four member accounts of more than $60,000.

NCUA Prohibits Three Individuals From Participating in the Affairs of Any Federally Insured Depository Institution

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