NCUA bans former credit union employee

The National Credit Union Administration issued a prohibition order in February against Deborah N. Peters, a former employee of Wilkes-Barre City Employees Federal Credit Union of Wilkes-Barre, Pa.

NCUA said on Thursday that Peters is barred from participating in the affairs of any federally insured financial institution. Peters agreed to the order, the press release said.

In 2014, Wilkes Barre City Employees FCU was embroiled in a fraud scandal. Five people, including Amanda Magda, an assistant manager, were charged with crimes, such as fraud and conspiracy. In November 2015, Magda was sentenced time served followed by two years of supervised release.

The former CEO of the credit union, Jim Payne, committed suicide in March 2014, amidst an ongoing probe by the FBI.

The NCUA didn’t return a request for comment about whether Peters’s ban was related to the 2014 scandal.

In September 2016, Wilkes-Barre City Employees changed its name to Citymark Federal Credit Union and now has $49 million in assets.