The National Credit Union Administration on March 30 issued notices of prohibition against three individuals, including Elizabeth Nelson Cobb, a former employee of Space Coast CU in Melbourne, Florida. Cobb pleaded guilty to theft, fraud and communication fraud. She was sentenced to 180 days in prison.
Also prohibited from participating in the affairs of any federally insured credit union was Linda Germann, a former employee of Altra FCU in Onalaska, Wisconsin. She pleaded guilty to bank theft and received three years' probation.
Norma Gold, a former employee of Olean Tile Employees FCU in Olean, New York, pleaded guilty to false entries in federal credit union reports. Gold was sentenced to 30 months in prison, three years' supervised release and was ordered to pay nearly $180,000 in restitution. She was also prohibited from working for a credit union, according to the NCUA news release.