NCUA bans 1 from future work in FIs

The NCUA in October issued one prohibition notice, prohibiting an individual 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 order follow:

  • Schantol Collins, a former employee of Members Exchange Credit Union in Ridgeland, Miss., was sentenced on a charge of embezzlement.


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