Here is a script which work in my end. I used title column in csv file just for testing. You can replace the placeholder with the column name in your list. I only test with single text column. If you are using people and group column for user name. It may needs a bit more work and just let me know.
$ListName="<ListName>"
$csv=Import-Csv "<CSV file Path>"
$webURL="<Site URL>"
$web=Get-SPWeb $webURl
$list=$web.Lists | Where-Object { $_.Title -Eq $ListName }
$TerminatedUserList=@()
foreach ($row in $csv)
{
$Items= $list.items | where {$_['<column Name>'] -eq $row.Title}
If($Items.Length -eq 0)
{
write-host $row.Title "does not exist in the SP list"
$TerminatedUserList+=$row.Title
}
}