Debra L. Wenger has been permanently banned from the financial industry by the National Credit Union Administration (NCUA). The former employee at Shelter Insurance Federal Credit Union in Columbia, MO was found to have embezzled $100.00 from member accounts.
Enforcement Summary
Debra L. Wenger
NCUA
Embezzlement
The Investigation
According to NCUA enforcement records, the individual engaged in conduct that breached fiduciary duties to the credit union and its members.
Criminal Prosecution
Debra L. pled guilty to violations of 18 U.S.C. § 657 (embezzlement by a credit union employee). Criminal prosecution in embezzlement cases demonstrates the severity of the misconduct and often results in additional penalties including restitution, probation, or imprisonment.
Terms of the Prohibition Order
Under the Consent Order, Debra L. Wenger is permanently prohibited from:
- Participate in any manner in the conduct of affairs of financial institutions
- Solicit, procure, transfer, or vote any proxy with respect to voting rights
- Serve or act as an institution-affiliated party
- Vote for a director or serve as a director, officer, or employee
This prohibition applies to:
- Any insured depository institution
- Any insured credit union under the Federal Credit Union Act
- Any institution chartered under the Farm Credit Act
- The Federal Housing Finance Agency and any Federal home loan bank
Industry-Wide Ban
The NCUA has issued a Consent Prohibition Order permanently banning Debra L. Wenger 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.
The Consent Order was issued by the NCUA on 11/09/17.
Report Credit Union Misconduct
If you have information about Debra L. Wenger or any banned individual operating in the financial industry, you are encouraged to report this activity immediately.
Source: NCUA Enforcement Actions (Docket 17-0171-R4). Data current as of 2018.
Individuals subject to regulatory actions may contest findings or have additional context not reflected in public records.