NCUA points lifetime ban for embezzlement

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The Nationwide Credit score Union Administration barred only one particular person from working in monetary companies in October.

The company mentioned on Friday that it issued a prohibition discover in opposition to Schantol Collins, a former worker of the $129 million-asset Members Change Credit score Union in Ridgeland, Miss. Collins pleaded responsible to embezzlement within the Circuit Courtroom of Rankin County in Mississippi and was sentenced in January, in line with the prohibition order.

The prohibition order didn’t present extra particulars on the fees.

In September, the regulator barred a former teller from working at any monetary establishment after she was accused of stealing greater than $19,000.

NCUA, which releases information about its prohibition orders every month, has issued about 30 to this point this yr, and is on monitor for its fewest bans in additional than 5 years.