NCUA issues 2 prohibition notices in November

The NCUA in November 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:

• Jennifer Furlong, a former employee of Groton Municipal Employees Federal Credit Union in Groton, Conn., entered into a pretrial diversion or similar program resulting in the charge of third degree larceny in connection with her employment.
• Teresa Hyler, a former employee of Beacon Credit Union in Lynchburg, Va., was sentenced on a charge of embezzlement in connection with her employment.

 

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