Former Texas credit union CEO gets lifetime ban

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The National Credit Union Administration issued a prohibition order against Linda D. Landry, its only such order for the month of June.

The agency said on Friday that Landry is now banned from participating in the affairs of any federally insured financial institution.

Landry, formerly of the $7 million-asset Southeast Texas Employees Federal Credit Union in Orange, Texas, agreed and consented to the issuance of the order. NCUA added that she also agreed to comply with all of its terms to settle and resolve the NCUA board’s claims against her.

According to the website of National Credit Union Service Organization, Landry once served as CEO of Southeast Texas Employees FCU.

While working at Southeast Texas, Landry withdrew $20,000 from the institution’s bank account and didn’t deposit it in its vault, according to NCUA's prohibition order.

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Prohibition orders Financial crimes NCUA Texas