ALEXANDRIA, Va.--NCUA issued a prohibition order against a former teller who stole more than $200,000.
Dianne Richardson, a former employee of Pioneer West Virginia Federal Credit Union in Charleston, W.Va., 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 claim against her, NCUA said.
Richardson was a former vault teller who stole $222,000 from the $214 million Pioneer Appalachia FCU in Charleston, W.V.
Richardson, 70, began serving a 21-month federal prison sentence in July for embezzling funds from the credit union’s vault over five and a half years.
Richardson is now prohibited from participating in the affairs of any federally insured financial institution.
Administrative orders are formal enforcement orders issued by the NCUA pursuant to Section 206 of the Federal Credit Union Act. Generally, the NCUA issues administrative orders when it finds that a credit union or persons affiliated with a credit union have violated a law, rule or regulation, breached a fiduciary duty, or engaged in an unsafe or unsound practice.
The agency reminded that prohibition and administrative orders are searchable by name, institution, city, state, and year at the NCUA’s Administrative Orders webpage.