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
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
11 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
13 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
14 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
15 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
15 hours ago