CLEVELAND – NCUA on Friday asked a federal court to award it $6.3 million from the manager of a tiny credit union that allegedly stole $2.1 million during a 20-year fraud.

NCUA said in a civil suit filed against Sharon Broadway, the former manager and sole employee at United Catholic CU, that under Ohio law the liquidating agent for the failed Temperance credit union may claim treble damages of the funds lost in the alleged fraud. The tiny credit union, located near the Ohio border, was liquidated in August.

NCUA’s suit was filed in the U.S. District Court for the Northern District of Ohio the day after state prosecutors filed criminal charges against the 61-year-old former credit union CEO. Prosecutors say Broadway of Toledo, Ohio, stole money through the use of aliases and forged checks. Many certificates of deposit bought by members were not recorded.

The 52-year-old credit union had only 200 members, who were affiliated with Roman Catholic churches in Monroe County.


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