ALEXANDRIA, Va. –Two CEOs are among the four people NCUA has issued prohibition orders, three of whom are from the same credit union.
In its Sept. 30 announcement, the agency also issued a Notice of Prohibition to a fifth individual.
The individuals are permanently prohibited from participating in the affairs of any federally insured depository institution.
Order of Prohibition
All of the individuals below agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claims against them, the agency said.
Tammy Kirkpatrick, the former CEO of Modern Employees FCU in Owensboro, Ky.
According to NCUA, Kirkpatrick, who worked as a teller, loan officer and finally CEO at the credit union during her tenure from 1998-2022, from May 2018 through June 2022 Kirkpatrick “altered credit union records to conceal her removal of cash from teller drawers and the credit union vault. Subsequently, a review of MEFCU records revealed her misconduct totaled more than $9,500 in losses to the credit union.”
Jessica Koch, a former employee of Modern Employees FCU in Owensboro, Ky.
According to the Prohibition order, Koch, a teller from June 2018-June 2022, caused more than $11,000 in losses to the credit union as the result of recording “incorrect totals of mutilated funds and coins in her teller drawer to conceal the removal of cash for her personal use.”
Donna Bland, former employee of Modern Employees FCU in Owensboro, Ky.
According to NCUA, Bland worked as a teller at MEFCU from 2008-2022 and from at least May 2012 through June 2022 recorded “incorrect totals of mutilated funds and coins in her teller drawer to conceal the removal of cash for her personal use. Subsequently, a review of MEFCU records revealed her misconduct totaled to more than $39,000 in losses to the credit union.”
Jennifer Head, the former CEO of MSD FCU in Louisville, Ky.
According to NCUA, Head served as CEO of MSD FCU from 2000-2022.
“Between January 2000 and June 2022, respondent engaged in a prolonged scheme to defraud MSD member funds, including using her access to a member’s account in her role as CEO to make unauthorized withdrawals,” NCUA said in its order. “Respondent directed the funds from her unauthorized withdrawals to her own accounts for her personal benefit. Respondent further abused her position as CEO to direct a member’s share statements to a different address from the member’s address. Respondent further destroyed or otherwise prevented discovery of the above member’s records to conceal her unauthorized withdrawals. Respondent’s fraudulent activities provided a personal benefit and caused MSD significant financial loss.”
NCUA said Head entered a pre-trial diversion in Kentucky district Court and agreed to one count of Theft by Unlawful Taking.
Notice of Prohibition
Issued a Notice of Prohibition was LaMarcus Tinker, former employee of American United Federal Credit Union, West Jordan, Utah, who was convicted and sentenced to three counts of Unlawful Acquisition, Possession, or Transfer of a Financial Transaction Card in the third degree in Salt Lake County, Utah.
