NCUA bans former credit union teller charged with theft

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The National Credit Union Administration issued a prohibition order for a former credit union employee, barring her from working at any federally insured financial institution.

The agency banned Brooke Shaeffer, a former employee at Member’s First Federal Credit Union in Mechanicsburg, Pa. Shaeffer, who worked as a teller there, was accused last year of stealing more than $19,000 from the $5.3 billion-asset credit union.

According to local news reports, Shaeffer said her crimes were driven by drug addiction, and a district court judge sentenced her to five years of probation instead of prison. Full restitution has reportedly already been paid, and Shaeffer has taken part in a substance abuse recovery program.

NCUA issues prohibition orders each month and has handed out close to 30 so far this year. Monthly orders have been fairly low this year, and the agency has only issued one ban per month since June.

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Prohibition orders Crime and misconduct Embezzling Financial crimes NCUA Credit unions