Federal regulators at the National Credit Union Administration suspended two former credit union employees in November, preventing them from engaging in the dealings of any federally insured financial institution indefinitely.
Hector Andres Aleman, a former employee of the $911 million-asset Pima Federal Credit Union in Tucson, Arizona, can no longer participate in any and all affairs of an insured depository institution, the NCUA said Tuesday. Aleman is alleged to have embezzled approximately $178,844 from March 2018 to July 2019 and concealed this activity via falsifying loan documents, according to agency documents.
Elizabeth Ann Oliver, who formerly worked for the $63 million-asset Lancaster Red Rose Credit Union in Leola, Pennsylvania, is also barred from partaking in any operations or business dealings of a federally insured financial institution. NCUA filings allege that while employed at LRRCU as a loan officer from February 2013 to June 2018, Oliver created fictitious loans in members' accounts and altered the credit union’s general ledger to hide the activity.
Both individuals have agreed and consented to the prohibition orders issued to them, and have confirmed their compliance with all the terms provided by the NCUA, the agency said in its release.
With the inclusion of these two new prohibitions, the NCUA has issued 24 for the year to date.
