32-3-1003. Penalty for false statements or entries to books and records. (1) The department of administration may impose a fine not exceeding $50,000 on a director, an executive officer, an agent, or an employee of a credit union who willfully and knowingly:

(a) makes or subscribes a false statement of facts, statement of account, or report; or

(b) makes a false entry in the books of the credit union or knowingly subscribes or exhibits false papers with the intent to deceive a person authorized to examine the credit union.

(2) The fines must be deposited in the general fund.