Every year the NCUA bans former credit union employees from future employment in a federally insured financial services industry. Usually these are the result of criminal embezzlement, but this years has started off a little different. The NCUA’s first banishment of 2022 goes to a now former vice president of lending for failing to report business loans and incurring two-hundred thousand dollars in losses.
CU VP breaks lending policy, banned for life – Credit Union Collections – Credit Union Collectors – Source: NCUA
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