ALEXANDRIA, Va. – The former manager and chief loan officer of community development credit union First Delta FCU was banned from the credit union industry for her conviction of a $1.4 million theft form the one-time $7.5 million institution, NCUA said yesterday.
Nikita Presley-Brown was convicted of the loan fraud last November. She pleaded guilty to generating as much as $1 million in loans in members’ names without their knowledge by using her position as a loan officer, and to stealing $400,000 in cash from the credit union’s vaults.
She was sentenced to 78 months in prison and ordered to pay $1.5 million in restitution, $400,000 of it to CUMIS Insurance, which paid out a bond claim.
Also banned by NCUA were: Gisela Rosado, the former manager at La Casa FCU, another CDCU, in Newark, N.J, for embezzling $120,000 from the credit union; Eve Hutchinson, a former employee of Buffalo Fire Department FCU, Buffalo, N.Y., for stealing $72,000; and Jorge Fleitas, a former loan processor at Beacon Community CU, Louisville, Ky., for stealing $19,000.
NCUA also banned: Roselle Farias, the former manager of Prince Kuhio FCU, Honolulu, for embezzling $96,000; Susan Bender, a former teller at New Alliance FCU, Ambridge, Penn.; Jacqueline Tribou, a former employee of Eastern Maine Medical Center FCU, Bangor, Me.; and Robyn Mullen-Turner, former employee of GPM CU, South Portland, Me.
