Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Banned Former DC FCU board member must leave FI work
ALEXANDRIA, Va. (3/29/12)--The National Credit Union Administration (NCUA) has prohibited former District Government Employees FCU, Washington, D.C., board and supervisory committee member James Talbert from participating in the affairs of any federally insured financial institution.

District Government Employees FCU is also known as DC FCU.

The prohibition order is the result of an NCUA investigation which followed last year's release of the examination records and CAMEL rating of DC FCU. Those records were leaked to the press last fall, weeks after DC FCU CEO Carla León-Decker was nominated to join the NCUA board by President Barack Obama. León-Decker earlier this year removed her name from consideration for the NCUA post.

NCUA Chairman Debbie Matz asked for a full investigation "to determine which among the parties with access to the confidential examination information, whether NCUA or the credit union's board or management," released the credit union's exam records and CAMEL rating.

The NCUA investigation found that Talbert "had breached his fiduciary duties" by unlawfully disclosing the exam records and CAMEL code information. Talbert consented to the issuance of a prohibition order to avoid the time, cost, and expense of administrative litigation, the NCUA said.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
Other Resources

RSS





print
News Now LiveWire
#creditunions celebrate #EarthDay2015 by being green aware with e-statements, hosting shred events, planting trees
11 hours ago
From @WSJ: 33% of companies say it took them more than 1 yr to discover a data breach. http://t.co/a0MxV68X6t http://t.co/lkglx6WvKs
15 hours ago
.@CAMCouncil taps into @MICreditUnions' career, tech training resources http://t.co/sotnfCUgIo
16 hours ago
#Inflation ticks up in March, still relatively flat #NewsNow #Market http://t.co/PyAvwdkJ4M
16 hours ago
#NewsNow Ill. league groups elect board, exec officers http://t.co/KAG8MtbGsv
17 hours ago