Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Theft larceny prompt new NCUA prohibition orders
ALEXANDRIA, Va. (8/2/12)--The National Credit Union Administration (NCUA) on Wednesday prohibited five individuals from participating in the affairs of any federally insured financial institution.

They are:

  • Former Primeway FCU, Houston, Texas, employee Ashley Lynne Jackson, who was convicted of theft. Jackson was sentenced to nine months in prison and three years of probation;
  • Former United Northwest FCU, Norton, Kan., manager Mark A. Keilig. Keilig consented to the prohibition order to avoid administrative litigation;
  • Former Pacific Advantage FCU, Burlingame, Calif., employee Norielyn Galbadores Bautista. Bautista was convicted of grand theft, unauthorized use of personal identifying information of another person, and forgery and counterfeiting. She was sentenced to four years and three months in prison and ordered to pay $451,198.67 in restitution;
  • Former Morton R. Lane State University FCU, Buffalo, N.Y., employee Wanda Hasbrouck, who was convicted of grand larceny. Hasbrouck was sentenced to five years probation and ordered to pay $23,350 in restitution; and
  • Former of Catholic and Community Credit Union, Shiloh, Ill., employee Stacy A. Mergelkamp. Mergelkamp was convicted of theft, embezzlement, and misapplication by credit union officer or employees. She was sentenced to six months in prison and five years of supervised release, and ordered to pay $38,120 in restitution.
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.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
13 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
13 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
15 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
18 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
19 hours ago