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News Now

Washington
NCUA bans three from future CU work
ALEXANDRIA, VA. (6/13/12)--Three former credit union employees--one from Texas, one from Kansas, one from Maine--have been barred by the National Credit Union Administration (NCUA) from participating in the affairs of any federally insured financial institution.

The NCUA prohibition orders provide the following details:
  • Anna Marie Salazar, a former employee of Alamo FCU, San Antonio, Texas, was convicted of embezzlement by a credit union employee, was sentenced to 41 months in prison, five years supervised release, and ordered to pay restitution in the amount of $725,047.33;
  • Jeanette L. Young, a former employee of Bluestem Community CU, El Dorado, Kan., consented to the issuance of a prohibition order and agreed to comply with all of its terms to settle and resolve the NCUA board's claims against her; and
  • Marsha Richard, a former employee of Atlantic Regional FCU, Brunswick, Maine, was convicted of theft by a credit union employee. Richard was sentenced to 33 months in prison, five years supervised release, and ordered to pay restitution in the amount of $468,217.06.
NCUA enforcement orders are online at http://go.usa.gov/yiJ and may inspected at the NCUA's Office of General Counsel between 9 a.m. and 4 p.m. (ET) Monday through Friday.

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


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