Three former credit union workers were banned from further work at financial institutions by the federal regulator Dec. 31, including one who allegedly caused a nearly three-quarters of a million dollars loss over a 10-year period, the agency said.
According to the National Credit Union Administration (NCUA) the three earning the prohibitions, after signing consent agreements (in which they neither admitted or denied any wrongdoings) were:
- Evelyn Bittar, former staff member of Transfiguration Parish Federal Credit Union (FCU) in Brooklyn, N.Y. Bittar, NCUA said, was a 12-year worker at the credit union. However, for 10 years of that tenure, from 2012 to 2022, the agency alleged, she fraudulently prepared loan applications and distributed funds between member accounts. “Subsequently, a review of the TPFCU records revealed her misconduct totaled to more than $720,000 in losses to the credit union,” NCUA said.
- Teresa Margiotta, a former 20-year employee of Peak Credit Union (CU) in Lacey, Wash. NCUA said she allegedly “fraudulently issued checks from dormant members accounts, then voided them, and reissued them for her own purposes.” NCUA said a review of the CU’s records showed her alleged misconduct totaled more than $230,000 in losses to the CU over the period of August 2023 to February 2025.
- Rita Hartman, former worker of Muddy River CU in Atchison, Kansas. According to the agency, Hartman – the former manager of the CU for 14 years — allegedly embezzled funds by falsely inflating the value of the CU’s cash on deposit in reports to the agency. She also allegedly maintained a manual ledger listing a substantial amount of cash on hand at the credit union. “Respondent concealed her embezzlement by reporting a lower amount of cash on hand to the NCUA and a higher amount of cash on hand in the credit union’s own records,” NCUA contended.
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