Elderly Ex-Loan Director Banned For $1 Million Embezzlement

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ALEXANDRIA, Va. – NCUA said yesterday it barred from the industry Christine McLamb, the 73-year-old former loan director at Health Facilities FCU, after she was convicted last year of a $1 million theft from the Florence, S.C., credit union.

McLamb, who was sentenced to five years in federal prison, created about 90 loans in members’ names, then kept the money for herself.

NCUA also barred Melissa Liberte, a former bookkeeper at Meriden Franco-America FCU, who pleaded guilty to a $900,000 embezzlement that sunk the tiny credit union, which was liquidated by NCUA in 2008.

Also barred from the credit union industry was Jason Kisor, a former employee of PenAirFCU, who was convicted of a $58,000 embezzlement from the Pensacola, Fla., credit union; and Cynthia Vaughan, former manager of Rockland Employees FCU, Spring Valley, N.Y., based upon her indictment for three counts of Bank Fraud.

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