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
NCUA Bans Two From Future CU Work
ALEXANDRIA, Va. (10/1/13)--The National Credit Union Administration has banned two former credit union employees from participating in the affairs of any federally insured financial institution following their alleged involvement in embezzlement.

The NCUA said the orders involve the following individuals:
  • Former Monterey County Employees CU, Salinas, Calif., employee Mary Jane Arroyo, who was sentenced to 90 days in prison and three years of probation, and ordered to pay restitution and court costs after pleading no contest to embezzlement charges; and
  • Former Hamlet  (N.C.) FCU  employee Cynthia Mercer, who was sentenced to one year in prison and five years supervised release, and ordered to pay restitution in the amount of $169,261.79 after pleading guilty to embezzlement charges.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

Use the resource link to access all NCUA enforcement orders.


RSS





print
News Now LiveWire
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
15 hours ago
RT @CUNA: DDoS attacks shorter, intense, more expensive: @VERISIGN HT @newsnowlivewire http://t.co/QiQKIEjK5v
15 hours ago
RT @CUNA: .@CUNACouncils launches new website. Offering site tours to current members. Check it out! http://t.co/YFJA1tKIxn
15 hours ago
.@Discover to support #ApplePay by fall http://t.co/3wDjkOVU7P HT @Forbes
17 hours ago
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
19 hours ago