NCUA bans 2 from future work in FIs

The NCUA in October issued two prohibition notices, which bar 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. The names and details from last month’s prohibition notices follow:

  • Ashley Bagley, a former employee of Great Northwest Federal Credit Union in Aberdeen, Wash., was sentenced on the charge of theft in the first degree.
  •  Kevin Biederman, a former employee of Philadelphia Federal Credit Union in Philadelphia, Pa., was sentenced on the charges of conspiracy to commit money laundering and bank bribery.


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