Brooke Shaeffer has been permanently banned from the financial industry by the National Credit Union Administration (NCUA). The former Employee at Member’s 1st Federal Credit Union in Mechanicsburg, Pennsylvania was removed following misconduct that breached fiduciary duties to the credit union and its members.
Enforcement Summary
Brooke Shaeffer
Member’s 1st Federal Credit Union
NCUA
Misconduct
The Investigation
According to NCUA enforcement records, On June 30, 2020, Brooke was charged with Credit Union Theft, 18 U. The case was filed in United States District Court for the Middle District of Pennsylvania.
Industry-Wide Ban
The NCUA has issued a Consent Prohibition Order permanently banning Brooke Shaeffer from participating in the affairs of any federally insured financial institution. This prohibition extends to serving as a director, officer, or employee of any insured depository institution, as well as voting on any matters affecting credit unions or banks.
The ban applies to all FDIC-insured banks, federal credit unions, and other regulated financial institutions nationwide. This ensures that individuals who breach their fiduciary duties cannot simply move to another institution and repeat their misconduct.
Report Credit Union Misconduct
If you have information about Brooke Shaeffer or any banned individual operating in the financial industry, you are encouraged to report this activity immediately.
Source: NCUA Enforcement Actions (Docket 20-0143-ER). Data current as of 2020.
Individuals subject to regulatory actions may contest findings or have additional context not reflected in public records.