ALEXANDRIA, Va. NCUA banned Sharon Broadway, the 61-year-old manager of United Catholic CU, for a two-decade embezzlement of $2.6 million, one of three CEOs of tiny credit unions banned for theft yesterday.
NCUA is suing Broadway, convicted and sentenced to prison earlier this year, for $6 million in damages, because state law allows the regulator to seek treble damages in the case for losses paid by the National CU Share Insurance Fund.
NCUA banned Pamela Emig, who, as the sole employee and manager of Enterprise (Kan.) CU, was convicted of stealing $817,000 using a check kiting scheme that sunk the $1.5-million credit union.
Georgia Schwartz, former manager of Glen Ullin (S.D.) CU, was banned for embezzling $130,000 from the now-defunct credit union.
NCUA also banned Ashley Ayotte, a former employee of SeaComm FCU, for stealing $23,5000 from the Massena, N.Y., credit union, and, Deborah Bomia, a former employee of Enterprise CU, for stealing $85,0000.
