Convicted of embezzlement, fraud or grand theft, former credit union employees who worked as a CEO, a branch supervisor and a teller were banned from participating in the affairs of any federally insured financial institutions, the NCUA announced earlier this week.
In May 2016, a jury found Charles P. Juska, the former president/CEO of the $22.3 million Tazewell County School Employees Credit Union in Pekin, Ill., guilty of 11 counts of bank fraud, misapplication of credit union funds, and false entry in credit union records last year. A federal judge in December 2016 sentenced him to 33 years, or three years for each offense, to be served concurrently, which means Juska is serving a three-year sentence. He also was ordered to pay of $600,744 and serve five years of supervised released after his prison term.
Kaye Cornell, a former branch supervisor for the $179 million Michigan Legacy Credit Union (formerly the Affinity Group Credit Union) in Pontiac, pleaded guilty in February 2016 to credit union misapplication. She stole money from other accounts and created fake documents to conceal her theft from 2009 to 2012, according to court records. Cornell was sentenced to one-day time served and five years’ supervised release in November 2016. She also was ordered to pay $282,117 in restitution.
Shanice Mano, a former teller for the $996 million Credit Union 1 in Anchorage, Alaska, pleaded guilty in October 2016 to bank embezzlement. She stole more than $100,000 via two bank transfers just a few months after she was hired. Mano was sentenced in February to one year in prison and three years’ supervised release. She also was ordered to pay $21,192 in restitution. Mano returned $80,000 to the credit union.
Rashaad Tremaine Rembert, a former employee at the $49 millionAlliance Credit Union of Florida in Gainesville., pleaded no contest to grand theft in the third degree in May. He was sentenced to five years’ probation and was ordered to pay $6,330 in restitution.
