TACOMA, Wash. – NCUA today banned a former teller at KBR CU from credit unions for stealing more than $440,000 from the tiny credit union for employees of Simpson Construction.
Edgar Kelly, 38, confessed to a 13-year scheme, through which he would purportedly transfer funds from the $23 million credit union’s account at Key Bank to Southwest Corporate FCU, when in fact he was depositing the money into his own accounts.
Kelly told authorities he needed the money because he broke up with his girlfriend and was supporting two households.
Kelly was sentenced last year to 33 months in prison and ordered to pay $440,000 in restitution.
NCUA also banned Joanne Taylor, a former employee of Hingham FCU, for stealing $100,000 from the Hingham, Mass., credit union.
