A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial institutions.
The National Credit Union Administration (NCUA) said that Teresa Palmer, then a branch manager, from at least January 2021 through December 2022 fraudulently withdrew funds from member accounts for her personal use. The agency said a review of credit union records showed the activity caused more than $350,000 in losses to the institution.
Monday’s release notes two other consent prohibitions in August for the following:
- Jessie Wright, employed by Tongass Federal Credit Union, Ketchikan, Alaska, from at least Aug. 12, 2024, through Aug. 29, 2025, for removing cash from Tongass premises without authorization. The consent order says Wright’s actions caused $14,500 in losses to the credit union.
- Ahmed Hamada, employed from at least March 2, 2020, through May 22, 2025, by OneAZ Credit Union, Phoenix, Ariz., for carrying out unauthorized cash and check transactions on a credit union member’s account; the transactions totaled more than $57,000.
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