Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA bans one from financial institution work
ALEXANDRIA, Va. (3/26/12)--The National Credit Union Administration (NCUA) has issued an order prohibiting Mary Carmen Hartley, a former employee of Mutual Diversified Employees FCU, Santa Ana, Calif., from participating in the affairs of any federally insured financial institution.

The NCUA said in a release Friday that Hartley consented to the issuance of the prohibition order to avoid the time, cost and expense of administrative litigation.

Mutual Diversified Employees was liquidated by the NCUA early in 2010 (News Now 3/2/10). The credit unions' members and assets, which totaled 748 and $6.1 million, respectively, as well as its shares, were purchased and assumed by SchoolsFirst FCU, also based in Santa Ana.

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


RSS print
News Now LiveWire
NJ Lt Gov Kim Guadagno shares her #creditunion story at @NJCUL convention #NewsNow http://t.co/2B7QiuUK9p
22 minutes ago
#NewsNow: 2013 mortgage data shows 14.8 mil applications, 2.8 mil purchases and more. http://t.co/DId2VFrsEr
1 hours ago
The story of @allegiancecu's Florence Rogers is captured in expanded OklaCity bombing memorial via @WSJLife http://t.co/CmF0xfPcJ4
1 hours ago
.@VACUL breaks ground for new HQ in Richmond #NewsNow http://t.co/cOC0rqqJ9o
2 hours ago
White House honors N.M. #creditunion employee for Hispanic fin. lit. #NewsNow http://t.co/22uAEd6ZJ9
2 hours ago