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 four from future CU work
ALEXANDRIA, Va. (3/3/14)--The National Credit Union Administration has banned four former credit union employees from participating in the affairs of any federally insured financial institution.

The NCUA said the orders involve the following individuals:
  • Jeannette Abbott, a former Malheur FCU, Ontario, Ore., employee who pleaded guilty to the charge of theft, embezzlement or misapplication by a credit union officer. Abbott was sentenced to four months in prison, three years of supervised release and ordered to pay restitution in the amount of $93,749.40;
  • Carol Ann Ferraro, a former Chaffey FCU, Upland, Calif., employee who pleaded guilty to embezzlement by a credit union employee. Ferraro was sentenced to 30 months in prison, five years of supervised release and ordered to pay restitution in the amount of $1,052,790.56;
  • Justine Martin, a former Leominster CU, Leominster, Mass., employee who admitted to facts sufficient for a finding of guilt to the charge of larceny over $250. Martin was sentenced to five years of supervised probation and ordered to pay restitution in the amount of $17,990; and
  • Nancy Ann Secoda, a former Vons Employees FCU, El Monte, Calif., employee who pleaded no contest to charges of grand theft and willfully obtaining personal information. Secoda was sentenced to five years in prison and ordered to pay restitution in the amount of $712,253.58.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.

NCUA website users can now access a new tool for searching agency administrative actions. Through the new tool, they can search prohibition and administrative orders by name, institution, city, state and year, the agency said.

Use the resource link to access all NCUA enforcement orders.
Other Resources

NCUA Release
RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
14 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
14 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
17 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
18 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
20 hours ago