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News Now

Washington
NCUA prohibits three from CU work
ALEXANDRIA, Va. (9/5/12)--The National Credit Union Administration (NCUA) has prohibited three individuals from participating in the affairs of any federally insured financial institution.

They are:

  • Former Great Falls Regional FCU, Lewiston, Maine, employee Kelsey Cyr, who was convicted of theft. Cyr was sentenced to 364 days in prison, but that sentence was suspended to one year of probation. Cyr will also be required to pay $10,424 in restitution;
  • Former South Atlantic FCU, Boca Raton, Fla., employee John Ercolino, who was convicted of grand theft greater than $20,000. Ercolino was sentenced to five years' probation and ordered to pay $110,000 in restitution; and
  • Former Financial Center CU, Stockton, Calif., employee Brandie Marie Roach, who pleaded guilty to unauthorized use of personal identifying information of another person. Roach was sentenced to probation.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. For the full NCUA release, use the resource link.
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