ALEXANDRIA, Va. – NCUA yesterday barred from the credit union industry the former president of TexDot-WF CU, who was jailed earlier this year for stealing more than $2 million and causing the failure of the tiny credit union.
Joanna Lynn McGee, 40, was sentenced to six years in prison after she created 129 phony loans to provide $3.1 million in funding for her own use. By the time NCUA closed the one-time $5 million credit union last year there was less than $2 million of assets left.
The 56-year-old credit union, known formally as Texas Department of Transportation-Wichita Falls CU, was merged into nearby Postel Family CU last October.
Also barred by NCUA yesterday were: Nora Phelps, former employee at South Jersey FCU, for her conviction on a $340,000 embezzlement; Aurelia Jennings, former employee at Piedmont Hospital FCU, for the theft of $136,000; Jessica Morgan, former employee at America 1 FCU, for stealing $100,000 from the credit union; Ollis Grayson, Jr., former employee at Dallas Educators CU, for stealing $75,000 from the now defunct credit union; Trena Bledsoe, former employee at Appalachian Community FCU for a $105,000 embezzlement; and Chinithia Bills, former employee at St. Charles Borromeo Church FCU, for the embezzlement of $135,000 from the New York City credit union.
NCUA also barred: Scott-Alexander McKenzie, former loan officer at Rochdale Co-Op FCU; Quartus Henderson, former teller at Security CU; Lee Song, former manager of Korean American FCU; Elsie Taylor, former manager at City of Wilson FCU and Patricia Taylor, former office manager at Nashville Post Office CU, for a $270,000 embezzlement.
