NCUA issues 3 prohibition notices in August

by NAFCU Newsroom

The NCUA issued three prohibition notices in August, prohibiting the individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository 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:

  • Amy Bradley, a former employee of Citizens Credit Union and First Community Credit Union (Jamestown, N.D.);
  • Whitney Phillips, a former employee of Mississippi Central Federal Credit Union (Morton, Miss.); and
  • Melissa Velazquez, a former employee of Financial Resources Federal Credit Union (Bridgewater, N.J.).

 

continue reading »