Page 22 - Police Federal Credit Union

If the evidence is sufficient to clearly implicate the alleged dishonest person, the President/CEO,
Supervisory Committee Chairman and/or Human Resources will seek the employee's written
resignation. If a resignation cannot be obtained, the President/CEO shall seek legal counsel’s advice
as necessary on the employment termination of the employee.

If the Credit Union has or will soon suffer a dollar loss, and if the evidence is sufficient to clearly
implicate the alleged dishonest person, the President/CEO will seek legal counsel's advice on the
employment termination of the employee. The President/CEO shall consult with legal counsel and the
Supervisory Committee Chairman to determine whether to report the loss to proper authorities. The
decision may be based on the dollar amount and evidence.

Based on legal counsel and the Supervisory Committee Chairman’s advice, the President/CEO will
make a report to the proper law enforcement agency. Further, the Supervisory Committee Chairman
will make a report to the NCUA as appropriate.

Additionally, employees and Credit Union representatives who cannot live up to their Share Draft and
Loan/VISA Account Agreements are inappropriate representatives of our Credit Union family. The
consequences of an employee who mishandles their Share Draft and Loan/VISA Accounts can be

grounds for immediate employment termination.

Employee accounts are monitored and audited and the employee’s vigilance in maintaining their
accounts in good standing is imperative. Employees are prohibited from posting to their own
accounts, to include, but not limited to, loan payments, share deposits, share withdrawals, etc.

Bad habits may also include, but are not limited to:

a. Making your loan or VISA payment late;

b. charging more on your VISA card than the limit allows;

c. writing checks on non-sufficient balances, or
d. placing a “stop payment” to avoid a returned draft.

Employees who have more than five (5) returned or non-sufficient items in a twelve (12) month period
may be subject to disciplinary action up to and including employment termination. This guideline is

not meant to be interpreted as “permission” to have up to five (5) returned or non-sufficient fund
items per year.

POLICE FEDERAL CREDIT UNION EMPLOYEE MANUAL - APRIL 2017 22 | PAGE