ALEXANDRIA, Va. – A former branch manager for American Nickeloid Employees CU was barred from the credit union industry for secretly altering her home equity line of credit by $163,500 to pay for her gambling habit at Mississippi River casinos, NCUA said this afternoon.
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Angela Pena, 50, pleaded guilty earlier this year to fraud and was sentenced to 60 days in jail and to pay $163,000 restitution, the amount of the excess funds she used.
Pena was approved for an $86,900 HELOC line but she altered the documents to inflate the line to $250,000. She failed to get approval for the increased line, which she tapped to pay for her gambling.
