NCUA suspended two former credit union employees in October

The National Credit Union Administration has barred two former credit union employees from participating in any of the dealings of a federally insured financial institution.

Suzanne Nowicki, who was formerly employed by the $75 million-asset Westport Federal Credit Union in Westport, Massachusetts, is forbidden from participating in any and all affairs of an insured depository institution, the NCUA said Friday. Nowicki, while employed as an accounting manager at WFCU, allegedly misappropriated funds belonging to the credit union by depositing them into her personal share account and altering the institution’s ledger, according to agency filings.

She has agreed and consented to the issuance of a prohibition order and confirmed her compliance with the terms and conditions provided by the NCUA, the agency stated in its press release.

In addition, one other individual was sentenced for charges brought against them and thus received a notice of prohibition.

Sheena Nicole Morgan, a former employee of the $927 million-asset Point Breeze Credit Union in Hunt Valley, Maryland, was convicted and sentenced for charges of felony theft connected with her former employment at Point Breeze.

With these two prohibitions, the NCUA’s total issuances now stand at 22 for the year.