ALEXANDRIA, Va.– The National Credit Union Administration has issued a prohibition notice against a former credit union CEO, banning her from ever again participating in the affairs of any federally insured depository institution.
Issued the notice was Kelly Givens, the former CEO of the FedStar FCU, which operated branches in both Roanoke and Salem, Va. Givens earlier pled guilty in federal court to charges related to her use of credit union funds for personal purchases from 2018 and 2020. Givens waived her right to be indicted and pled guilty to one-count of misapplication of credit union funds in excess of $1,000.
Personal Purchases
According to court documents, Givens, who was named CEO at FedStar beginning in 2016, used the FedStar credit card and FedStar business Amazon account between 2018-20 for personal purchases totaling more than $12,000.
Givens purchased running shoes, hiking shoes, tickets for sporting events, and electronic devices, among other personal purchases, according to authorities.
As part of an effort to conceal her theft, Givens provided false information to FedStar’s board and NCUA, court documents show.
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