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Washington
NCUA Issues New Prohibition Orders
ALEXANDRIA, Va. (3/1/13)--The National Credit Union Administration has issued orders prohibiting former credit union employees in Oklahoma and Texas from any future involvement with federally insured financial institutions.

The following individuals have been banned, according to the agency:

  • Cindy Dechant, a former employee of Associated Blind of Oklahoma/Texas FCU in Oklahoma City, Okla., pleaded guilty to a charge of bank fraud. Dechant was sentenced to 42 months in prison, three years of supervised release, and ordered to pay restitution in the amount of $194,297.94; and
  • Theresa Portillo, a former employee of Women's Southwest FCU in Dallas, Texas, consented to the issuance of a prohibition order to avoid the time, cost and expense of administrative litigation.
NCUA enforcement orders are available online (use resource link) and available for inspection at NCUA's Office of General Counsel between 9 a.m. and 4 p.m. (ET) Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.

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

NCUA Prohibition Orders
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