NCUA issues 2 prohibition notices in July

The NCUA in July issued two prohibition notices, prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Details from last month’s prohibition notices follow:

  • Audrey Elkins, a former employee of William Newton Memorial Hospital Credit Union, Winfield, Kan., agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against her.
  • Richard Franco Arceo, a former employee of White Sands Federal Credit Union, Las Cruces, New Mexico, agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA Board’s claim against him.

 

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