WICHITA, Kan. – Mark Kasson, the former president of Credit Union Group, was sentenced to three months in prison Tuesday after pleading guilty to making a false report to NCUA. Kasson was charged with falsifying the credit union’s records to make it appear as though $3 million in loans had been sold to other credit unions. Prosecutors alleged Kasson falsified the reports in an attempt to improve the credit union’s financial image to examiners from the Kansas Department of CUs and NCUA. The state regulator placed the credit union into conservatorship in March 2006, partly due to the accusations against Kasson. The conservatorship was lifted earlier this year.
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