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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.


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